Chiliz (CHZ) is an Ethereum token that powers Socios.com, a platform that lets users trade tokens to show their support for professional sports teams.
How much is Chiliz worth?
CHZ Price Statistics
|Trading Volume24h||$155,623,908.84 21.22%|
|Volume / Market Cap||0.1503|
What can you do with Chiliz?
Each team that partners with Chiliz can customize the real world experiences their Fan Tokens provide to holders. Fan Tokens can also grant holders influence over decisions presented by the team, such as new uniform designs, celebration songs, stadium names and, in some instances, decisions over the starting lineups.
What network does Chiliz run on?
Ethereum network Yes, chiliZ will be an ERC20 token, available on the main Ethereum network. ERC20 is a token standard which describes the functions and events that an Ethereum token contract has to implement. Most of the major tokens on the Ethereum blockchain are ERC20 compliant.
Does Chiliz use Ethereum?
The Chiliz network is based on the Ethereum blockchain. Chiliz is an ERC20 token. Accordingly, the entire network is dependent on Ethereum. The Ethereum blockchain calculates and secures the transactions with Chiliz.
What is fan token?
Fan tokens or sports cryptocurrencies are digital assets that enable sports teams, leagues, clubs, associations and players to strengthen fan engagement.