About Chiliz project

The modern blockchain industry is actively developing in the market. Ecosystems include various business and gaming applications. Developers of digital assets are in fierce competition with each other, offering users unique technologies. Global ideas allow you to create effective projects and integrate them into commercial activities. One of the innovative systems is Chiliz. The platform is in high demand in the market.

Chiliz is a modern digital currency that is a reliable asset for sports and entertainment portals. The asset is used on the official website Socios.com. The resource users have access to bets in different sports segments. Members of the system can manage projects, control entertainment, and earn good money. Modern blockchain technology provides fans with a unique opportunity to effectively interact with any team. The owners of the popular coin have the right to vote and take part in solving a number of organizational issues.

The main idea for the project was the example of football clubs, where fans have the opportunity to vote for the existence of the team. The system is a subsidiary of the Maltese Mediarex Group. The company was founded in Malta in 2000 and is part of the Enterprise Ethereum Alliance (EEA). During its existence, the coin attracted the attention of FC Juventus, Real Madrid and PSG. The grandees of European football considered great prospects in the project and the opportunity to earn extra money. The platform has also received substantial investment from Binance.

Chiliz is a state-of-the-art Socios.com platform that gives sports and esports fans the ability to manage their favorite teams, games, leagues and events. The developers envisioned the sports and esports landscape, which is determined not only by which games, teams and leagues attract the largest audience, but also by those who can most effectively activate and monetize that audience by placing their fans in the drivers seat. This is called radical fan engagement.

Branded Fan Tokens give Socios.com users the power to make decisions by allowing them to vote on polls that partner clubs publish on the platform. Owning the partner clubs unique branded fan tokens will also give fans access to exclusive content, as well as gamification, social networking, and leaderboard features to be launched throughout 2020 and beyond.

 

Chiliz Features

The unique project Chiliz is focused not only on real sports, but also on virtual ones. The developers plan that the platform in a few years will become a full-fledged basis for the organization of the Global League of Players. The GPL is an effective system that impacts the scaling of the gaming and esports communities. Buying a token allows you to exercise your voting rights in the system.

The project was implemented without an ICO. The Chiliz team has raised over $ 66 million by attracting investors. The system has become popular among a number of cryptocurrency exchanges and specialized funds in Eurasia. The functional capabilities of the system are:

supporting financial transparency. The project is supported by a reputable company that is connected to the banking system of the European Union. All company accounts are verified and completely transparent;
deep integration into the market. The advantage of the project is the presence of a large number of alliances with leading companies. The system is maintained by the Government of Malta. Counterparties also include leading eSports and digital marketing institutions;
network operation is built on the Proof-of-Authority consensus mechanism. Complex calculations will require significant resources. Using the POA consensus protocol minimizes the amount of delays in transactional processes.
You can learn more about the possibilities of the Chiliz project through the official roadmap. The technical development of the system has been completed in most cases. The development team plans to launch a full season in football in December 2019 on the socios.com platform. In January-March 2020, the system will operate in several areas of sports. Expansion of participants and the number of popular groups is expected within 180 days. The CHZ coin is expected to become a full-fledged exchange medium soon. The prospect of this project is significantly increased against the background of partnerships with FC PSG, Juventus, West Hem, Galatasaray, Roma.

How is Chiliz created?

Chilizs commercial product development and improvement has been witnessed over the past three years. The active development of the project began at the beginning of 2018. The system has reliable partners and a professional team of specialists in Malta. Experts launched the Chiliz (CHZ) token on a live mailing list and began public launch of the Socios.com app in Q4 2019.

Today Chilez has over 50 team members, spans over 20 nationalities and is constantly growing. The company has development offices in Lyon, France, Singapore, Seoul and Buenos Aires. In addition to preparing for the launch of Socios.com, specialists are looking for and adding more and more football and esports organizations to the list of "tokenized" partners on the platform every day.

The Chiliz creation mechanism is based on the organization of effective interaction between the club and the fans. The diagram looks like this:

Approving the decisions that the fan associations are authorized to make.
Generation of a certain number of "fan" tokens directly on the Socios.com platform.
Organization of a system for purchasing coins and participating in voting through the platform. The strength of the voice of the owner of digital assets is closely correlated with the number of coins purchased.
Registered members of the socios.com project have a clearly fixed number of official tokens. Fans have the option of exchanging CHZ for voting rights. This process is accounted for by a number of smart contracts. All transactions are securely recorded on the sidechain. Fan tokens are sold at a pre-approved price. This technique is standardized for all participants in the system.

The project successfully combines 2 main blockchain formats:

Ethereum. The network records all official transactions that are associated with CHZ tokens;
sidechain. The structure allows all the votes of the official participants to be recorded on the socios.com platform.
All financial transactions on the platform have a small commission. There is no additional fee for voting.

Is Chiliz Endless?

Chiliz is a foreign exchange option that is used for a range of technology products and services. The digital asset is intended for sports fans, investors and simply connoisseurs of unique technology. The total emission of tokens is 3,066,666,666 units. As of early December 2019, the companys total revenue exceeded $ 66 million.

The structure of asset allocation in the system is as follows:

Operating expenses - 58%. Most of the funds are transferred from the Issuer to an affiliate to develop the Socios.com platform, ensure partnerships and implement the digital infrastructure of the platform.
Received by users - 20%. The funds are used to attract new users to the Socios.com platform and expand participation in its voting utilities, P2P user experience and the marketplace.
Corporate structuring - 10%. The funds were used to ensure that the Socios.com platform supports fully independent operations and has the strategic freedom to grow on its own terms.
Legal security - 5%. The funds have provided timely audits for Chiliz, the security of the Socios.com platform and the legality of the platform in the EU and all other relevant global markets.
Ecosystem support - 7%. The Issuer has invested in the emerging blockchain ecosystem in Malta, developing valuable partnerships to help the company and its stakeholders as we grow.
The prospects for the development of the project are obvious. Experts agree that in a few years the value of the CHZ coin on the market will increase significantly. The development of new technologies, the scaling of the system, the conclusion of new contracts - all this will have a positive effect on the total capitalization.

Chiliz cryptocurrency is reliably protected from the destructive influence of inflationary processes. The decentralized system is not tied to the state, banking structure or any organization. A professional development team systematically upgrades the platform. All this makes Chiliz widely demanded in the market.

Chiliz strengths

The Chiliz system has strong monopoly protection. The number of coins for purchase is limited. This minimizes the risks of taking over control of the sports club through the socios.сom platform. Token owners have the right to sell them on the resource at any cost.

The main advantages of the Chiliz cryptocurrency are:

high level of transaction security;
confidentiality of translations;
the digital coin is highly liquid;
functioning of a decentralized network;
transfers between countries are carried out promptly.
Adjustment of the value of the cryptocurrency is carried out in several stages. Initially, the owner bills the asset at the minimum cost. After choosing the liquidity of the coin, an increase in price is observed. This mechanism is often used in financial markets. A good example is the implementation of 100 Fan Tokens on the platform with a price in the range of 20-50 CHZ. Initially, the resource will show the cost of 20 CHZ. After the redemption of the first batch of coins, the price will be increased to 30 CHZ.

The wallet is available to registered users through a special application Trust Wallet. To complete the procedure, you must follow simple instructions. For Ethereum wallet owners, an option is available to import assets to a trusted source. The operation is performed using a trusted phrase, keyword, or private key.

Chiliz in TOP currencies

As of the beginning of December 2019, the value of the CHZ coin is $ 0.01. CoinMarketCap ranks 101st in the rating system. At the same time, the rate of return on investment is 51.9%. The total market cap is $ 38.8 million. Specialists especially note the large average daily coin turnover. This figure reaches $ 3.9 million.

The official developers of the socios.com platform claim that the resource will be an effective tool for football clubs to shape the new economy. Monetization of the new system will have a positive effect on the formation of the functional structure. The Fan Token Off strategy is an original solution, in contrast to the usual ICO.

The integration of technological development into the sports environment has a number of positive trends. The key one is coverage of territory and target customers that were not available in other ways. Against the background of improving the system and concluding new contracts, the CHZ token is very promising. Cryptocurrency experts expect the coin to increase in value several times in 500-600 days.