Chiliz aims to tokenize the sports and entertainment industries by developing a fan interaction platform that allows teams to gamify team management and convert it into an entertainment offering, monetizing the demand for voting rights.
The clubs determine which choices fans may have an impact on. Enabling them to sell fans the ability to vote on particular team matters in exchange for fan participation. At real-world sporting events, fans will have a new chance to support their teams and make a contribution to key team decisions.
Chiliz is made up of two main platforms, the first of which is socios.com. It is a team crowd management platform that allows fans to impact various choices. It also affect their beloved sports teams through blockchain-based fan tokens.
On the Socios platform, blockchain-based fan tokens enable the secure and trustless implementation of tokenized voting rights via smart contracts. Fan tokens also serve as loyalty cards, granting discounts on items and access to one-of-a-kind experiences.
Key features of the Socios App
It serves as a fiat-to-crypto gateway. It permits fans to purchase Chiliz via Visa, Mastercard, SKRIL, and Rapid to purchase fan tokens for their favorite club.
Fans can trade their fan tokens in the Socios app’s trading feature.
The Socios App’s voting feature enables supporters who own fan tokens to vote on topics like shirt designs, training ground names, and so on.
Fan Tokens may be used to get up to a 20% discount on items, while reward tokens can be earned by using the APP.
The Chiliz Exchange
Fans, traders, and investors can exchange fan tokens against the CHZ Chiliz indigenous token, USDT, and BTC on the Chiliz exchange. The Chiliz exchange, which is designed for fan tokens. It provides the best rates with no charges for the CHZ token and other fan tokens.
Chilliz enables CHZ holders to lock up their coins in an analogous fashion to staking. It is to bring in new clubs to the Socios platform with the Chiliz Locker-tokens. Potential clubs can view how many Chiliz staked in favor of their club tokens. It includes on the Socios platform.
The CHZ will most certainly finish a fifth wave cycle as it builds an Elliot-wave structure on a weekly time period. Given the rate at which worldwide football clubs are releasing their tokens on the Chiliz and Socios platforms.
In an Elliot wave structure’s impulse wave, the third wave cycle, which is the January 04 to March 08 swing low to swing high. It is frequently the most protracted wave.
Investing in the Chiliz-CHZ token for the long term is a wise move. Since features such as locker-tokens and NFTs demonstrate that the project will last.
Finally, given the imminent concealed bullish divergence chart structure, the present correction wave will prelude an explosive surge into a fifth wave cycle.
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