March 6, 2023
Tron (TRX)
Tron is a proof of stake cryptocurrency that has been built on the Tron blockchain network.
Bright Ideas: Chiliz ($CHZ)
Chiliz is a leading provider of sports and entertainment solutions using blockchain technology. Specifically, Chiliz has tokenized the world of sports allowing fanatic sports fan’s to become more involved with their favourite clubs.
Price:
$0.1914
Mkt Cap:
$1,162,463,359
View Coin Page
Project Fundamentals
- Each Club on Chiliz has their own fan token which can be purchased with Chiliz native currency. These fan tokens give holders voting rights for club decisions.
- Chiliz native token, $CHZ, has a maximums supply of $8,88 billion can can be used to buy fan tokens. 20% of fee’s, 10% of (Fan token Offering) FTO raising and 20% of NFT’s issued are burnt.
- Chiliz uses a Proof of Authority consensus mechanism, providing greater security and cheaper transactions.
Partnerships / Implementation
- Chiliz already partnered with leading clubs including Juventus, Barcelona, Chicago Bulls, AC Milan and more.
- Chiliz can be expanded beyond the world of physical sports, from e,-sports live entertainment and other .
- Chiliz has unique partnerships with leading sports organizations such as the UFC, giving fans access to UFC related offers and rewards.
- From June to December the market cap for major fan tokens rose 60% according to FanMarketCap.
Roadmap and Announcements
- In February 2021 European Football Club AC Milan raised $6 million in the first 30 mins of their FTO.
- In April 2021 Chiliz CEO announced that work had begun on the Chiliz Chain 2.0.
- In October 2021, Chiliz launched their first NFT Fan tokens.
- In November 2021 one the worlds largest clubs, Manchester City Launched their fan token on the Binance Launchpool.
- The success of mid 2022 can partially be attributed to increased interest in Chiliz moving into the European football season.
- In September 2022, Julian La Picque was named CFO of Socios.
Technical Analysis
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