What is Chiliz (CHZ) And Why Is It Dominating Crypto Social Media

If you are closely following crypto communities across platforms, you have noticed one new ticker being thrown around – $CHZ.

We noticed the buzz around CHZ or Chiliz thanks to the data from Sanbase, crypto research platform that tracks fundamentals and onchain data from all major coins. One of the features they also have is the social trends following, where they track activities among private and publich groups on Telegram, Discord, Reddit.

As you can see from the chart, this is the second spike in social buzz around CHZ, following the bigger one from September 6th of this year.

As you could have guessed, CHZ experienced a nice price surge, hence the sudden publicity interest. Chiliz (CHZ) price for today is $0.01775612 with a 24-hour trading volume of $22,607,285. Price is up 13.7% in the last 24 hours. It has a circulating supply of 3.76 Billion coins and a max supply of 8.89 Billion coins. The most active exchange that is trading Chiliz is Binance.

What is Chiliz – CHZ?

According to their official Medium channel, Chiliz is a digital currency that fuels sports and entertainment platforms and is also the official, exclusive cryptocurrency that fuels the Socios.com fan voting platform. Socios.com allows sports and esports fans to crowd-manage their favourite teams, games, leagues and events.

The project didn’t have a publich ICO as they raised enough money, a whopping $65 million, from private investors.

Socios.com, the Chiliz owned platform, gives sports and esports teams a direct way to both engage and monetise their fans. Giving fans the power to vote on their favourite organisations doesn’t just give them the ability to enhance their level of entertainment, it gives them a reason to care on a higher level.

Socios.com had already partnered with Paris Saint-Germain, Juventus and West Ham United. They are in talks with other major football clubs, which will be announced in due course.

Permissioned chain with Ethereum integration

By having organisations on…

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