XCH coin issuance price and total issuance volume in one article

CHZ, the native currency of Socios.com sports engagement platform, was initially offered in 2018 at $0.0245 per token.

Nov 01, 2024 at 09:04 am

XCH Coin Issuance Price and Total Issuance Volume

Chiliz (CHZ) is a digital currency that powers Socios.com, a blockchain-based sports engagement platform. CHZ is used to purchase Fan Tokens, which give holders voting rights and other perks related to their favorite sports teams and organizations.

Issuance Price

CHZ was initially issued through a public token sale in 2018. The token was sold at a price of $0.0245 per CHZ.

Total Issuance Volume

The total issuance volume of CHZ is 8.8 billion tokens. Of this total, 3.3 billion CHZ were sold during the initial token sale. The remaining 5.5 billion CHZ are held in reserve by Chiliz and are gradually released into circulation.

Distribution of CHZ

The distribution of CHZ is as follows:

30% - Initial token sale
20% - Team and advisors
25% - Ecosystem development
15% - Chiliz Foundation
10% - Reserve

Use Cases for CHZ

CHZ is used to purchase Fan Tokens on Socios.com. Fan Tokens give holders a variety of benefits, including:

Voting rights on team decisions
Exclusive access to content and experiences
Rewards and merchandise
The ability to participate in polls and surveys

Conclusion

CHZ is a digital currency that powers Socios.com, a blockchain-based sports engagement platform. CHZ is used to purchase Fan Tokens, which give holders voting rights and other perks related to their favorite sports teams and organizations. The total issuance volume of CHZ is 8.8 billion tokens, with 3.3 billion CHZ sold during the initial token sale in 2018.

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