🌶️ What Is Chiliz? 🌶️
In short, they are all about tokenizing the sports and entertainment sectors by creating a fan engagement platform. But why would you need that? Well, sports fans can’t really play active roles in club decisions and have no active influence over what happens to a team. Chiliz basically aims to solve that problem by giving fans a vote in their teams management as well as a new way to engage with them. For sports teams this opens up a new revenue source too – a classic win/win.
🌎 The Chiliz Ecosystem 🌎
The ecosystem is made up of two key platforms. The first is Socios.com, which is that team’s crowd-management platform. This allows fans who hold fan tokens for the team to vote on those team decisions. Fan tokens also give access to merchandise discounts and unique experiences. Watch my vid to learn about the seven key features active on this app right now! The second part of the Chiliz ecosystem would be their exchange. It’s main draw is the huge number of fan token trading pairs which have CHZ trading pairs only.
⚽ Are Sports Team Partners Real? ⚽
Most crypto veterans are used to overhyped fake partnerships, so you could be forgiven for being quite suspicious when names like Barcelona, Juventus and Paris St Germain are thrown around. But yep, they all seem legit.
💰 Chiliz Ecosystem Tokens 💰
There are actually four different types of tokens in the ecosystem. These are Fan Tokens, CHZ, Locker Tokens and NFTs. I get into all that in the vid!
🤝 Binance Partnership 🤝
Binance is both a partner and investor in Chiliz. That’s a key reason why almost every fan token is listed on the exchange. When it comes to fan token trading, Binance almost always has the best trading volumes and most trading pairs – useful for those that want to dabble in these tokens.
📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.