CHZ Chiliz Prices, Charts and Graphs | Coinread
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ChilizCHZ#50

$0.29
-3.74% (-$0.011, 24H)
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  • Market Cap$1,659,722,960
  • Volume (24H)$918,498,397
  • Circulating Supply5,799,953,862
  • Max Supply8,888,888,888
  • High (24H)$0.33
  • Low (24H)$0.28
  • Change (1H)0.68%
  • Change (7D)7.72%
  • Change (1M)-34%
  • Change (1Y)2,232.09%

Founded in Malta in 2012 and raising $66 million through private placement in 2018, Chiliz (CHZ) describes itself as ‘the world’s leading blockchain fintech provider for sports and entertainment.’ Developing the Socios.com engagement platform, the Chiliz blockchain uses ERC20 token CHZ as its native currency hosted on Ethereum. Entertainment companies can use Chiliz to engage and monetise existing audiences, and its private Proof-of-authority protocol underpins scalable service layers for maximum flexibility. That model means that, rather than finalising blocks by using computers to solve problems, Chiliz is secured by special nodes which are authorised to make new blocks and validate finished ones. Once the majority of these nodes are in agreement, the block in question is committed to the ledger’s permanent record. While CHZ is the only currency tradable on Chiliz, it’s available on many major exchanges which makes it useful beyond the Chiliz ecosystem. Users can purchase fan tokens for some of the world’s most celebrated sports teams (FC Barcelona, West Ham CAI and Atlético de Madrid, to name a few) and influence teams through voting on smart contracts on the Chiliz blockchain. Teams who are part of the platform agree to be bound by community voting decisions on everything from their merchandise design to naming a new training ground.

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