Venus1100
Active member
Chiliz, or CHZ, is one of the leading digital currencies for sports and entertainment offered by the eponymous Malta-based FinTech provider. It operates Socios, a blockchain-based sports entertainment platform that allows fans to participate in the governance of their favorite sporting organizations. Socios fan tokens are an example of this. Fan tokens allow sports clubs and organizations to interact with their fans while also opening up new revenue streams. This article will go over what Chiliz is, its main features, project tokenomics, and how to purchase CHZ Token on MEXC Exchange.
Chiliz's Key Features Innovate a novel way to engage
Despite the fact that this is how Fan Tokens are intended to be used, there are other ways for users to benefit from them. Its purpose is to give sports fans a say in how their favorite team makes decisions. Users can freely exchange Fan Tokens with other users on the Chiliz Exchange, Socios' peer-to-peer exchange.
Smart contracts are being used.
Fans can vote with Fan Tokens via smart contracts during the voting process. It is a self-executing computer program in which the terms of the buyer-seller contract are written directly into the program's code.
Smart contracts eliminate the need for a third-party authority or other external mechanism, allowing transactions and agreements to be conducted anonymously between two or more untrustworthy parties.
Chiliz Project Tokenomics
Fan Tokens are created on the Socios sidechain, which uses the Proof-of-Authority (PoA) consensus mechanism. Instead of relying on network decentralization, PoA gives a small group of pre-selected "authority" nodes the ability to create and validate new blocks. Because these nodes are critical to the network's security and success, the organizations or people in charge of an authority node are frequently made public in order to build trust in the system.
Aside from the use of a secure network, CHZ has a maximum supply of 8.88 billion and approximately 6 billion CHZ are currently circulating in the market. Another reason why crypto/sport enthusiasts would consider purchasing CHZ is its scarcity.
How to Purchase CHZ?
Do you want to know how to buy CHZ? You can purchase Chiliz tokens on MEXC by following the steps below:
1.Log in to your MEXC account and then select [Trade]. Select [Spot].
2.To see the available trading pairs, type "CHZ" into the search bar. Consider the CHZ/USDT pair.
3.Scroll all the way down to the [Spot] box. Enter the number of Chiliz you want to purchase. You can place a Limit order, a Market order, or a Stop-limit order. Consider the Market order. To confirm your order, click [Buy CHZ]. The purchased CHZ will be stored in your Spot Wallet.
Chiliz's Key Features Innovate a novel way to engage
Despite the fact that this is how Fan Tokens are intended to be used, there are other ways for users to benefit from them. Its purpose is to give sports fans a say in how their favorite team makes decisions. Users can freely exchange Fan Tokens with other users on the Chiliz Exchange, Socios' peer-to-peer exchange.
Smart contracts are being used.
Fans can vote with Fan Tokens via smart contracts during the voting process. It is a self-executing computer program in which the terms of the buyer-seller contract are written directly into the program's code.
Smart contracts eliminate the need for a third-party authority or other external mechanism, allowing transactions and agreements to be conducted anonymously between two or more untrustworthy parties.
Chiliz Project Tokenomics
Fan Tokens are created on the Socios sidechain, which uses the Proof-of-Authority (PoA) consensus mechanism. Instead of relying on network decentralization, PoA gives a small group of pre-selected "authority" nodes the ability to create and validate new blocks. Because these nodes are critical to the network's security and success, the organizations or people in charge of an authority node are frequently made public in order to build trust in the system.
Aside from the use of a secure network, CHZ has a maximum supply of 8.88 billion and approximately 6 billion CHZ are currently circulating in the market. Another reason why crypto/sport enthusiasts would consider purchasing CHZ is its scarcity.
How to Purchase CHZ?
Do you want to know how to buy CHZ? You can purchase Chiliz tokens on MEXC by following the steps below:
1.Log in to your MEXC account and then select [Trade]. Select [Spot].
2.To see the available trading pairs, type "CHZ" into the search bar. Consider the CHZ/USDT pair.
3.Scroll all the way down to the [Spot] box. Enter the number of Chiliz you want to purchase. You can place a Limit order, a Market order, or a Stop-limit order. Consider the Market order. To confirm your order, click [Buy CHZ]. The purchased CHZ will be stored in your Spot Wallet.
