Chiliz (CHZ) – a cryptocurrency supporting fans

1063% price increase in a month, 2398% in a year - these are the results of the Chiliz (CHZ) token, which focuses primarily on helping the purchase of fan tokens for sports fans. Now it intends to conquer the US market. It also has a relationship with Poland, because it is through the Chiliz platform your token will be issued by the Polish football champion - Legia Warsaw.

We continue the cycle of the Forex Club portal, in which we analyze and describe the largest, highest-valued, most interesting, most developmental, advanced and also the most controversial cryptocurrency projects around the world. Today it's time for Chiliz - a tokenization platform, already cooperating with world giants - football giants AC Milan, FC Barcelona, ​​Juventus Turin and the largest cryptocurrency exchange in the world: Binance. 

How does Chiliz work?

Chiliz focused on a fairly narrow specialization, choosing sports fans and focusing on the largest and most famous football teams in the world. It is thanks to this platform that fans of these teams and enthusiasts of new technologies can buy tokens issued by their favorite teams. Such tokens not only allow for greater identification with the club, but also give a real impact on some decisions - the choice of a cheering password that hangs in the football locker room, prizes in the form of VIP meetings or dinners with players, tickets for a match in special places or access to the latest decisions from the club. In some cases, fans were so eager to get involved in the purchase of tokens that even quantitative restrictions were introduced to prevent voting rights from being concentrated in a small number of strong hands.

Through the Chiliz platform, their clubs' tokens are bought by fans of such teams as FC Barcelona or Atletico Madrid from Spain, Juventus Turin from Italy, Paris Saint Germain and AS Roma from Italy or Galatasaray Istanbul from Turkey. Legia Warszawa will also use its agency, which will also be the first sports club in Poland to have its token.

Rapid increases in recent months

The last quarter is a real golden age for the Chiliz app and its token. At the end of 2020, it established cooperation with Binance - the largest cryptocurrency exchange in the world - which resulted in the launch of the token of the legendary Italian football club AC Milan, which has loyal fans not only in Italy, but also around the world for many years. The club was most successful in the 80s and 90s, so those who remember those times often have time and money to invest. This allowed for a revenue of approximately $ 6 million to the Chiliz ecosystem. 

The increase in the price of the CHZ token was also influenced by the statement of Alexandre Dreyfus, president and founder of Chiliz, who announced that he would now bet on the conquest of the USA. It was not just an empty PR declaration, because it was followed by an investment of USD 50 million, which will allow us to enter the huge market in North America and beyond.

Chiliz Quotes

The CHZ token as of March 9, 2021 can be traded on 30 cryptocurrency exchanges from around the world. Currently, you have to pay $ 0,29 for it, which means a price increase of 387% in the last week, 1063% in the last month and 2398% in the year. On the other hand, 4 of the planned 782 units are currently in circulation. As a result, the project's capitalization exceeds USD 431 billion. The CHZ token is currently trading at its highest levels in history, dating back to mid-150.