-
Bitcoin $82,405.8054
1.80% - Ethereum
$1,884.7519
-0.98% - Tether USDt
$0.9999
0.00% - XRP
$2.1982
3.41% - BNB
$554.7899
1.03% - Solana
$126.4387
2.60% - USDC
$0.9999
0.00% - Cardano
$0.7403
2.50% - Dogecoin
$0.1678
5.10% - TRON
$0.2220
-2.29% - Pi
$1.6540
20.48% - UNUS SED LEO
$9.7102
-0.33% - Hedera
$0.2019
1.40% - Chainlink
$13.2996
2.73% - Stellar
$0.2572
2.05% - Avalanche
$18.4321
7.10% - Shiba Inu
$0.0...01228
5.00% - Sui
$2.2754
4.74% - Bitcoin Cash
$344.3380
2.66% - Litecoin
$90.3191
1.69% - Toncoin
$2.6879
2.87% - MANTRA
$6.4143
2.32% - Polkadot
$3.9765
0.29% - Ethena USDe
$0.9993
-0.04% - Dai
$1.0000
0.00% - Bitget Token
$4.1926
1.76% - Hyperliquid
$13.4399
-4.26% - Monero
$206.7869
1.17% - Uniswap
$5.9605
-0.44% - Aptos
$5.1119
-6.81%
What currency is ChiliZ?
ChiliZ $CHZ is the native currency of Socios.com, a blockchain platform that connects fans with their favorite sports and entertainment teams for digital engagement and voting.
Nov 18, 2024 at 04:44 am
What Currency is ChiliZ?
Introduction
ChiliZ ($CHZ), the native currency of the sports and entertainment blockchain platform Socios.com, has emerged as a prominent player in the blockchain industry. Designed to connect fans with their favorite teams, $CHZ serves as a digital token that powers the platform's fan engagement and voting initiatives. In this comprehensive guide, we delve into the nature, role, and unique characteristics of ChiliZ $CHZ.
Understanding the ChiliZ Ecosystem
ChiliZ is a blockchain platform that bridges the gap between sports organizations and their fan bases through a dedicated fan engagement platform called Socios.com. The platform empowers fans to influence team decisions, access exclusive rewards, and connect with their favorite clubs in novel ways. $CHZ plays a pivotal role in facilitating these interactions and fostering a sense of community among fans.
The Role of $CHZ in Socios.com
Within the Socios.com ecosystem, $CHZ serves as the native currency that empowers fans to:
- Purchase Fan Tokens: $CHZ is used to acquire Fan Tokens, digital assets representing specific sports teams that grant holders voting rights, exclusive perks, and access to exclusive experiences.
- Participate in Polls and Surveys: $CHZ enables holders to participate in team-related polls and surveys, contributing their voices to team decisions.
- Access Exclusive Rewards: Holding $CHZ grants access to exclusive rewards, such as merchandise, VIP experiences, and meet-and-greets with team players.
Key Characteristics of $CHZ
- Utility Token: $CHZ is primarily a utility token designed to facilitate fan engagement activities within the Socios.com ecosystem.
- Governance Token: By holding $CHZ, users gain governance rights and can participate in shaping the future of the Socios.com platform.
- Limited Supply: The total supply of $CHZ is capped at 8,888,888,888 tokens, ensuring its scarcity and potential value appreciation.
- Ethereum-Based: $CHZ is an ERC-20 token built on the Ethereum blockchain, benefiting from its security, reliability, and extensive developer community.
Ranking of Major Cryptocurrencies
- Bitcoin (BTC): Bitcoin remains the undisputed market leader, with a market capitalization of over $300 billion and widespread adoption as a store of value and medium of exchange.
- Ethereum (ETH): Ethereum, the second-largest cryptocurrency, is known for its smart contract functionality and decentralized application ecosystem.
- Binance Coin (BNB): BNB is the native currency of the Binance exchange, one of the largest and most popular in the world.
- Tether (USDT): Tether is a stablecoin pegged to the US dollar, providing stability for traders and investors seeking to mitigate market volatility.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
- The price of Hyperliquid's native token dropped 8.5% on Wednesday morning as a whale liquidation event appeared to leave Hyperliquid's HLP (Hyperliquidity Provider) vault with a $4 million loss.
- 2025-03-12 22:05:50
- Bittensor (TAO), Solaxy (SOLX), and Mind of Pepe (MIND) Are the Best Crypto to Buy in March 2025
- 2025-03-12 22:05:50
- Hyperliquid (Hype) Crypto Trading Platform Is Under the Microscope for Multiple Hoog-Leverage Trades
- 2025-03-12 22:05:50
- Remittix Emerges as a Utility-Driven Project Targeting the $190 Trillion Cross-Border Payments Market
- 2025-03-12 22:05:50
- Y Combinator (YC) Backs Stablecoins
- 2025-03-12 22:05:50
- Best Uniswap (UNI) Wallet in 2025: Review of Uniswap's Native Non-Custodial Wallet
- 2025-03-12 22:05:50
Related knowledge
What is Ethereum’s Slashing mechanism and how to punish malicious behavior?
Feb 20,2025 at 03:08am
Key PointsOverview of slashingDifferent types of slashing in EthereumIncentives and consequences of slashingIdentifying and reporting slashed validatorsOngoing discussions and potential improvementsEthereum's Slashing Mechanism: Punishing Malicious BehaviorEthereum's slashing mechanism is an essential tool for ensuring network security and punishing mal...
What is the verifier node of Ethereum and how to become a verifier?
Feb 19,2025 at 06:00pm
The Verifier Node of Ethereum: A Comprehensive GuideKey Points:What is a Verifier Node?How to Become a Verifier NodeResponsibilities and Rewards of a Verifier NodeMinimum Requirements for Becoming a Verifier NodePotential Difficulties in Running a Verifier Node1. What is a Verifier Node?A Verifier Node is an independent entity on the Ethereum network th...
What is Ethereum’s staking, and how to participate and earn money?
Feb 19,2025 at 04:37pm
Key Points:Understanding Ethereum's Staking MechanismSteps to Participate in StakingBenefits and Rewards of StakingSecurity and Risk ConsiderationsTechnical Requirements and Hardware OptionsPotential Challenges and Troubleshooting TipsFAQs on Ethereum StakingWhat is Ethereum's Staking?Proof-of-Stake (PoS) is a consensus mechanism used in blockchain netw...
What is Ethereum’s DAO (Decentralized Autonomous Organization) and how does it work?
Feb 20,2025 at 03:12am
Key PointsDefinition and Structure of a DAOGovernance and Decision-Making in DAOsBenefits and Use Cases of DAOsChallenges and Limitations of DAOsWhat is Ethereum's DAO (Decentralized Autonomous Organization) and How Does It Work?Definition and Structure of a DAOA Decentralized Autonomous Organization (DAO) is an innovative governance and management fram...
What is Ethereum's multi-signature wallet and how to improve security?
Feb 20,2025 at 02:18pm
Key Points:Understanding the Concept of a Multi-Signature WalletBenefits and Drawbacks of Multisig WalletsRequirements for Setting Up a Multisig WalletStep-by-Step Guide to Generating a Multisig WalletImplementing Strategies for Enhanced Security1. Understanding the Concept of a Multi-Signature WalletA multi-signature (multisig) wallet in the Ethereum e...
What is Ethereum's oracle and how to provide data for smart contracts?
Feb 21,2025 at 01:30am
Key Points:Understanding the concept of oracles in EthereumExploring different types of oraclesDetailed guide on how to provide data for smart contractsAddressing potential challenges and considerationsWhat is Ethereum's Oracle?Oracles are crucial components in the Ethereum ecosystem, enabling smart contracts to access real-world data and off-chain even...
What is Ethereum’s Slashing mechanism and how to punish malicious behavior?
Feb 20,2025 at 03:08am
Key PointsOverview of slashingDifferent types of slashing in EthereumIncentives and consequences of slashingIdentifying and reporting slashed validatorsOngoing discussions and potential improvementsEthereum's Slashing Mechanism: Punishing Malicious BehaviorEthereum's slashing mechanism is an essential tool for ensuring network security and punishing mal...
What is the verifier node of Ethereum and how to become a verifier?
Feb 19,2025 at 06:00pm
The Verifier Node of Ethereum: A Comprehensive GuideKey Points:What is a Verifier Node?How to Become a Verifier NodeResponsibilities and Rewards of a Verifier NodeMinimum Requirements for Becoming a Verifier NodePotential Difficulties in Running a Verifier Node1. What is a Verifier Node?A Verifier Node is an independent entity on the Ethereum network th...
What is Ethereum’s staking, and how to participate and earn money?
Feb 19,2025 at 04:37pm
Key Points:Understanding Ethereum's Staking MechanismSteps to Participate in StakingBenefits and Rewards of StakingSecurity and Risk ConsiderationsTechnical Requirements and Hardware OptionsPotential Challenges and Troubleshooting TipsFAQs on Ethereum StakingWhat is Ethereum's Staking?Proof-of-Stake (PoS) is a consensus mechanism used in blockchain netw...
What is Ethereum’s DAO (Decentralized Autonomous Organization) and how does it work?
Feb 20,2025 at 03:12am
Key PointsDefinition and Structure of a DAOGovernance and Decision-Making in DAOsBenefits and Use Cases of DAOsChallenges and Limitations of DAOsWhat is Ethereum's DAO (Decentralized Autonomous Organization) and How Does It Work?Definition and Structure of a DAOA Decentralized Autonomous Organization (DAO) is an innovative governance and management fram...
What is Ethereum's multi-signature wallet and how to improve security?
Feb 20,2025 at 02:18pm
Key Points:Understanding the Concept of a Multi-Signature WalletBenefits and Drawbacks of Multisig WalletsRequirements for Setting Up a Multisig WalletStep-by-Step Guide to Generating a Multisig WalletImplementing Strategies for Enhanced Security1. Understanding the Concept of a Multi-Signature WalletA multi-signature (multisig) wallet in the Ethereum e...
What is Ethereum's oracle and how to provide data for smart contracts?
Feb 21,2025 at 01:30am
Key Points:Understanding the concept of oracles in EthereumExploring different types of oraclesDetailed guide on how to provide data for smart contractsAddressing potential challenges and considerationsWhat is Ethereum's Oracle?Oracles are crucial components in the Ethereum ecosystem, enabling smart contracts to access real-world data and off-chain even...
See all articles
