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One project that has recently attracted a lot of market interest is Chiliz (CHZ). It became popular due to its focus on interacting fans with their favorite sports teams and players. Technically, this is the blockchain underlying Socios’ fan engagement platform.

Data from Cointelegraph Markets Pro and TradingView show that since hitting a low of $0.243 on September 29, the CHZ price jumped 171% to a daily high of $ 0.657 on October 31. On November 15, the CHZ was trading at $0.56.

Chiliz provides sports and entertainment organizations with blockchain tools to help them engage and monetize their audience. For example, many famous football clubs have partnered with Socios to create fan tokens based on Chiliz, such as Barcelona, ​​Inter, Arsenal, Juventus, Milan, PSG, and other famous teams.

The professional club of the US National Football League, the New England Patriots, and the world’s leading mixed martial arts organization, the UFC, announced a partnership with blockchain company Chiliz to issue tokens for sports and entertainment clubs and organizations. The prospects for this direction are fantastic.

What is Socios?

Socios is a fan influence and reward app that brings fans around the world closer to the team. It lets you vote on official team polls and forever changes your relationship with your favorite club with Fan Tokens!

What is a Fan Token for Football Clubs?

Fan Tokens are like a perpetual digital pass. They allow you to influence the team’s decisions and give you unprecedented access to your favorite club. For example, choosing a form design or a celebration song is no longer a dream but a real opportunity.

How many tokens do you need to participate in?

Fans can start influencing their team’s decisions with just 1 Fan Token. However, the more you have, the greater your influence. As mentioned above, Fan Tokens have no expiration date, and you can use them repeatedly.

How much is a fan token worth?

The price of a fan token is determined by market demand. However, when the fan token is first submitted, the starting price is usually the same as a cup of coffee. The sooner you get Fan Tokens, the better. So make sure you buy your tokens as soon as they become available for purchase. A limited number of Fan Tokens are available for each team.

How do I buy Fan Tokens?

Fan Tokens can be purchased directly from the Socios app using $ CHZ, the app’s local currency. In the Socios app, click on Wallet, buy $ CHZ with a debit or credit card, and then exchange them for Fan Tokens.

Fan Tokens are your right to vote on official team decisions, receive exclusive fan rewards, and play games. Chiliz is the currency required to buy fan tokens.

According to Similar Web, the project currently has about 500 thousand visits per month, mainly from Turkey and Brazil.

Chiliz is currently listed on the most popular exchanges under the ticker CHZ. Below are the TOP 10 exchanges for the CHZ / USDT pair according to Coinmarketcap.

Also, check out interesting Chiliz on-chain indicators according to the Intotheblock service.

We see the emergence of a new trend. Great idea, exciting implementation, coupled with global support, make Chiliz a very promising project. You can take part in this growing market by purchasing our NFT portfolio.

Investing reporter

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