Review on Chiliz by Huseyn Akberov

ChilizCoin is the leading digital currency for sports and entertainment, empowering socios.com, the world's first blockchain-based fan engagement and reward platform. Fans can buy and trade branded fan tokens, as well as have the ability to participate, influence and vote in club-oriented surveys.

Chiliz Coinis a currency option for blockchain-supported products and services for mainstream consumers. The main goal is to increase everyday experiences such as fan participation in entertainment, alternative payment solutions for traditional products, and more. Chiliz provides blockchain-based tools to help sports and entertainment organizations engage and monetization their audiences. CHZ Token specially feeds socios.com, a consumer-oriented platform where fans can use fan tokens to participate in surveys and be rewarded through active participation. CHZ Tokens are required to participate in the first sale of Fan Tokens and the Socios Locker Room, the first sale of fan tokens and the Socios Locker Room; Here, the high demand shows how attractive potential partner clubs or sports are to Fan Tokens. Doing so is driving clubs or sports brands to join Socios.com. CHZ Tokens can also be used to purchase/trade Fan Tokens through Socios.com, a consumer-oriented platform. Fan Tokens can be traded against Chiliz Token, CHZ on Chiliz's in-house exchange www.chiliz.net. CHZ Token has high liquidity and is also traded on some of the largest and globally recognized exchanges such as Binance, Bitpanda, HBTC, Paribu, Mercado, HBTC.

When Did Chiliz Coin Come Out?

Chiliz Coin release date is 14 February 2018. Its founder is Aleksandre Dreyfus. Dreyfus, a businessman and global entrepreneur, creates this project with his friends. He serves as CEO of Chiliz. In this way, many clubs are funded through cryptocurrency. He previously appeared in the Global Poker League. Dreyfus describes himself as a dreamer, traveler and citizen of the world.

To buy Chiliz Coin, you need to create an account through cryptocurrency exchanges. CHZ Coin is listed on popular exchanges such as Binance, Huobi Global, FTX, Gate.io, Bithumb , KuCoin. These exchanges should be entered into the preferred one. The account is opened on the exchange provided and the KYC trading steps are completed in full. At the end of the identification stages, money must be transferred to the cryptocurrency account via the "deposit" tab of the exchange. By logging into the "buy crypto" tab from the exchange, you go to the trading page with chz coin parity.

Chz Coin purchase order is defined from this trading page at instant price or at an affordable price. Chz Coin balance, which is purchased and seen in the virtual wallet connected to the account, can be stored here or transferred to the hardware wallet for higher security. After correct monitoring of all these steps, the purchase process is easily completed.

Chiliz Coin engine It is traded on the Ethereum network and uses the ERC-20 infrastructure. Using proof of authority (PoA) consensus provides solutions to scalability while at the same time ensuring transparency.

Use by Different Parties;

Fan tokens appeal to fans of a single sports club as they arrive. CHZ Coin is available to fans of Paris Saint Germain, Barcelona, Juventus, Atletico Madrid, Roma, Galatasaray.

Processing Speed;

CHZ Coin offers low waiting time for both transfers and trades.

Voting Rights;

ChZ Coin club fans have the right to vote in everything from the field of determining the best player of the year to the location of the friendly matches.

Smart Contracts;

ChZ Coin is an ERC-20-based cryptocurrency, providing proof-of-work security with smart contracts in every process.

Low Cost;

ChZ Con is sent across borders between cryptocurrency wallets, while traditional banking transaction costs are paid less.

What are the disadvantages of chiliz coin

The disadvantages of Chiliz Coin are as follows:

Not taking part in decentralized finance;

CHZ Coin does not take an active role in decentralized financial transactions. Like other altcoins, it does not stand out in terms of offering passive returns.

CHZ Coin is at risk of network attacks on virtual wallets. The risk is reduced by hiding in offline wallets.

Voting Rights by Balance;

Investors with a high chz coin amount have more voting rights when they interact with their club. A low balance restricts voting rights.

It is not possible to mine with Chiliz (CHZ) coin. Chiliz (CHZ) cryptocurrencies are supplied by the company. Total CHZ supply will be 8,888,888,888 CHZ. The vast majority of this supply is currently traded on the market. Chiliz (CHZ) Coin, released by Socios.com in 2018, is an ERC-20 token and is built on the Ethereum network. Featuring blockchain-based tools, this coin allows its users to interact with and monetization between entertainment and sports organizations and their viewers. The official site of Chiliz Coin is www.chiliz.com. You can regularly follow their official account to get more detailed information about Chiliz Coin.