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What is Chiliz Coin (CHZ) and how does it work?

by Financial Economy

The Chiliz (CHZ) coin, released by Socios.com in 2018, is an ERC-20 token built on the Ethereum network. Having blockchain-based tools, this coin allows its users to interact with entertainment and sports organizations and their audiences and make money from them. In this way, it is aimed that the fans have a say in the decisions made in the team with the use of coins. Detailed information about what is Chiliz coin (CHZ) and how it works is in the rest of the article.

What is Chiliz Coin (CHZ) and how does it work?

Aiming to establish connections between e-sports and sports clubs and their fans, Chiliz (CHZ) contributes to the fans to have a say in many issues such as who will choose the best player, product and jersey design of the club. Information about Ethereum, you can browse here.

Chiliz (CHZ) has faced a demand that this coin has not seen until today, which has increased its value, especially in recent years. With the Chiliz (CHZ) coin, users can have a say in the fan’s team with the fan tokens released through Chiliz (CHZ), as well as allowing sports clubs to buy licensed products with this fan token.

How is Chiliz (CHZ) mining done?

It is not possible to mine with Chiliz (CHZ) coin. Chiliz (CHZ) cryptocurrencies are supplied by the company. The total supply of CHZ will be 8,888,888,888 CHZ. The majority of this supply is currently traded in the market.

Chiliz (CHZ) advantages!

It allows the creation of Chiliz (CHZ) fan tokens that can be used as an exchange tool between sports teams and related organizations and fans. With this system, sports clubs both have the right to speak to their fans and enable the fans to use them as a payment method for licensed products.

For information about crypto currency: https://en.wikipedia.org/wiki/Cryptocurrency

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