Chiliz CHZ

On 2024-04-24 the current Chiliz price/exchange rate is 0.11488 EUR.

Chiliz is a blockchain network that primarily powers the Socios.com platform, and aims to revolutionize the way fans interact with their favorite sports clubs.

Chiliz also has its own CHZ token that works on the Ethereum-based blockchain and serves as a currency, i.e. means of payment, when purchasing NFTs on the Socios platform.

CHZ is also the only cryptocurrency you can trade on the Socios platform.

CHZ cryptocurrency works in such a way that fans of sports clubs can use it to buy team-branded NFTs, influence individual team decisions or vote in polls of teams that are partners of Socios.

Chiliz is a Proof-of-Authority (PoA) blockchain, which means that it relies on a group of pre-approved validators who then verify the validity of transactions.

It should be noted that CHZ cryptocurrency is compatible with ERC-20 and BEP-20 standards, which means that you can use any hot or cold wallet that supports Ethereum.

Chiliz (CHZ) is also available for purchase and storage in the free Bitcoin Store Wallet.

At the time of writing, there are 8.88 billion CHZ tokens in circulation.

This fixed supply of tokens was established during the creation of CHZ tokens and no additional CHZ tokens will be created beyond this predetermined quantity.

The benefits of buying and using CHZ tokens are diverse, and most of them relate to their application in the sports and entertainment industry, through the Socios platform.

Using CHZ tokens, users of the Socios platform can interact with their favorite sports clubs that are partners of Socios.

Some of these engagements include access to exclusive content, participation in special events and experiences.

For example, using CHZ tokens, Juventus F.C. fans could decide which song would be played at the stadium when their football club scored a goal during a match.

Chiliz (CHZ) is not a mineable cryptocurrency like Bitcoin or Ethereum since it uses a Proof-of-Authority consensus mechanism.

To put it briefly, transactions are validated by a select group of approved validators, not by mining.

However, CHZ tokens can be 'earned' on the Socios platform through various activities, such as solving quizzes, participating in polls, or taking part in competitions.

The founder of Chiliz is Alexandre Dreyfus, an entrepreneur with experience in the digital and gaming industries.

Chiliz was launched in 2018 with the goal of revolutionizing the role of blockchain technology in the sports industry, especially when it comes to fans and their interaction with clubs.

Since its establishment, Chiliz has experienced rapid expansion, followed by its Socios.com platform, which is gaining increasing popularity among sports clubs and fans globally.

On the Bitcoin Store platform, you can easily buy Chiliz and more than 170 cryptocurrencies at the real-time exchange rate with the lowest fees.

First, you need to create and verify your account on the Bitcoin Store cryptocurrency trading platform to get full access.

After successful verification, you can deposit (EUR) to your Bitcoin Store Wallet.

Supported payment methods for deposit are:

Once we receive your payment, funds to purchase cryptocurrencies will be available on your Bitcoin Store Wallet, and you can start purchasing cryptocurrencies.

On the Bitcoin Store platform, you can easily sell more than 170 cryptocurrencies from our offer at the current exchange rate.

You can instantly sell cryptocurrencies that are stored on your Bitcoin Store Wallet.

Cryptocurrency stored on personal wallets such as Exodus, Trust Wallet, Ledger, Treasury, etc., or various trading platforms and must be transferred to your Bitcoin Store Wallet before selling.

Once the transfer is successful, you can sell your cryptocurrency. 

You can withdraw the funds directly to your bank account or keep them on your Bitcoin Store Wallet and use them for future cryptocurrency purchases.

You can buy and sell cryptocurrencies for cash in Bitcoin Store exchange offices in Zagreb, Rijeka, Osijek, and Split.

Verifying your identity via ID card is not required for all transactions up to 1000,00 EUR.

You can deposit cash directly to your Bitcoin Store account in the exchange office. 

The deposit amount will be visible immediately and ready for your next cryptocurrency purchase.

You can store Chiliz in your digital wallet. 

When it comes to cryptocurrencies, digital wallets can be divided into 2 groups - Hot Wallets and Cold Wallets.

Hot wallets include:

Cold Wallets include:

You can also store CHZ on your own Bitcoin Store Wallet. 

The access and storage of cryptocurrency are free for all users who register on the Bitcoin Store Platform.

On Bitcoin Store Wallet you can: