Review on Chiliz by Gabriel Medina

Name: Chiliz
Item: Chiliz
Rating: 5

October 12, 2020

Digital currency for sport

In football we have to understand that the important thing is not to win the first game but to win the League. Today there are a large number of cryptocurrencies competing in the market and although the first to arrive win by overwhelming, there are many other digital currencies that also struggle to win and not go unnoticed. Such is the case of Chiliz. A token that is on its way to adding followers soon.

Chiliz (CHZ) is a digital currency used in the world of sports and entertainment platforms. Chiliz mission is to give millions of sports fans a coin to buy direct voting power in their favorite clubs. In this way, the fans will stop being a mere passive spectator and will become an active participant in the club.

CHZ is described as a utility token, developed under the ERC20 standard protocol. Through its authorized network based on the Ethereum blockchain. Chiliz's private chain is governed by the Proof of Authority consensus mechanism.

The Chiliz can be stored by fans who have it in their possession or it can be transferred from one fan to another.
Each fan will be able to vote for the decisions of the club of their choice or in polls related to a specific game, or specific league.
The more you participate in polls, the greater the influence of that fan.

It is a cryptocurrency that powers blockchain-backed platforms and products aimed at casual and mainstream consumers, starting with Socios.com. The aforementioned partner platform brings soccer fans closer to their favorite clubs, ensuring that their voice is heard through the voting rights and influence bought and sold on the platform in the form of tokens. At the core of the platform is a shared internal marketplace where soccer clubs can offer fan token deals. Additionally, fans can buy and sell these tokens from each other against Chiliz (CHZ), which serves as the platform's exclusive currency. In short, it is a fan voting platform through which fans of football clubs can interact with their teams.
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Pros

Special platform for sports fans.
It has important associations.
The use of the tokens is only given on the platform.
It has a business model where the associated teams will interact and monetize their fan base.

Cons