Fans want to get as close as possible to their sports stars the players want to get close to their fans. In the era of digitalization, it is possible for both of these parties to get closer to each other. For the purposes of this blog, we will be discussing what kind of new changes the sports industry might have in the near future.
One idea that would bring both parties closer together is presented by Chiliz sport platform. With Chiliz fans can vote on team decisions that allow them to get closer to their favorite players.
But how does it work and what can you do to profit from this opportunity? In the following I will analyze Chiliz to answer all questions that you might have.
What is Chiliz?
Chiliz is the company behind the Socios platform and the CHZ token. CHZ is a token that runs on an Ethereum-based Chiliz blockchain. The token serves as a currency that allows users to purchase functional NFTs at Chiliz’ Socios fan token marketplace.
What is the Socios platform like?
The Socios.com fan engagement platform was built from the ground up on the Chiliz blockchain infrastructure & uses $CHZ as it’s exclusive on-platform currency. Socios allows fans to purchase branded Fan tokens from some of the biggest and most renowned sports teams in the world including FC Barcelona, Juventus, Paris Saint-Germain, AS Roma, Galatasaray, Atlético de Madrid, OG, National Basketbal Association, Major League Baseball and Ultimate Fighting Championship.
Socios FTo
There is an app on socios.com that can be downloaded. In this app it is possible to buy Fan token in their native token Chiliz. One token is worth $0.1863 at the moment. After the purchase a fan will be able for example to vote on team decisions.
Those decisons cover warm up music in the stadium, meet and greets with players or the decision for a goal of the week. To take part of this an account needs to be set up and fan tokens need to be bought. Fan tokens can also be traded on Binance, Gate.io or Huobi. After verifying an account its possible to take part in Fan Token offerings. Those offerings are a first presale of tokens before its listing.
What does Chiliz do?
+ People can vote on team decisions
+ Possible to win a match ball for player of the week voting
+ Soccer Fan tokens (Fc Barcelona, Paris Saint-Germain, Juventus Turin)
+ Meets and greets, tickets, stadium speaker with team partners
+ Tokens can be exchanged for goods (Merchandise, tickets)
+ Possible to take part in FTos
What can it do for me?
Like previously mentioned the Chiliz token is listed on coinmarketcap and can be traded on Binance, Gate.io or Huobi. So to invest in CHZ an account with a wallet needs to be set up.
Is Chiliz coin a good investment?
– Hype could only last during the world cup or important sports events
+ Limited token supply of 8 billion with 68% in circulation
+ Perfect timing (World Cup national team tokens could pump)
+ Some Ftos could be huge like Portugal, 10X
+ Upcoming Fan Tokens (28 NBA, 14 NFL teams and also UFC tokens)
+ Chiliz tokens are a must to buy Fan Token, demand could boost the price
+ Hype during World Cup could lead to longterm owners and price pump (0,1863$)
+ Relatively low price for upcoming events (Lots of american team tokens are upcoming)
Price prediction and conclusion
Regarding all aspects I am fan of Chiliz and thererfore consider them as bullish. I am a huge sports fan and getting closer to players and having the chance to influence team decisons is definitely something I love to see.
In additon having lots of commercialising with the upcoming World Cup is something that could boost the token price for the longterm.
From an investors perspective having the chance to get in FTos can be lucrative as it leaves chances of getting in before the pump.
Socios FTos on web app
- There are two ways you can buy Chiliz. The first one is to buy some directly over their platform. To do so this its necessary to first download the app and then select wallet.
- Then select top up money.
- Select the team and buy coins. It takes time to verify an account the duration is up to 2 weeks.
How to invest in Chiliz step by step on Binance
- Click this link to get to the Chiliz price chart on Binance.
- Select the amount of token you want to buy Chiliz. Be sure that you have enough in your wallet to complete the purchase.
- If you dont have an account you need to register one.
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Important
Please note that this is not financial advice in any form and investments should only be done after research was made. Also be aware that I will add the chiliz coin to my wallet in the future but didnt invest so far. This article only shows my personal opinion and should only be viewed as a presentation not an inductment for investing. Investing is at your own risk !