Chiliz

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The chief executive of fan-focused crypto project Chiliz (CHZ) is detailing the future of the nascent digital asset subsector and says it has yet to live up to its full potential.
In a new interview on Real Vision Crypto with macro guru Raoul Pal, Chiliz CEO Alexandre Dreyfus explains how fan tokens can be utilized to spark commerce and partnerships between sports fans and brand name firms.

“There is a lot of utility that we build, that the team is building… We haven’t seen yet the full scope of all the utility that can be built with owning a fan token. 
Going to the McDonald’s here in the street and because there is someone else that built the link that if I own a fan token and I go to McDonald’s I get 10% [off] because it’s next to the stadium, or it’s next to a Nike shop that is a sponsor of that team, I get a discount, so there is a lot of things that can’t be invented for that.” 
According to Dreyfus, fan tokens exist to give sports fans a voice in how the team operates, as well as elevate their status to being community members of the sports organization.
“What does a fan want when he likes a team? Before, beside the fact that he would like the team to win, there [were] two things that matter: one, being recognized that you, a team owner, tells me, a random Joe, that I belong to the community, that I’m part of that community, I’m a fan 3.0, I’m a super fan, doesn’t matter the definition, but I’m part of this, and because I’m part of this, I have a voice…
When we started to pitch fan tokens, the first version were called ‘voice tokens’ because we were giving a voice to the fans.”
CHZ is trading for $0.121 at time of writing, a nearly 2% dip during the last 24 hours.

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The post Chiliz (CHZ) CEO Outlines Future of Fan Tokens, Says We Haven’t Seen Full Potential Just Yet appeared first on The Daily Hodl.


The chief executive of fan-focused crypto project Chiliz (CHZ) is detailing the future of the nascent digital asset subsector and says it has yet to live up to its full potential. In a new interview on Real Vision Crypto with macro guru Raoul Pal, Chiliz CEO Alexandre Dreyfus explains how fan tok...

dailyhodl.com

Chiliz (CHZ) CEO Outlines Future of Fan Tokens, Says We Haven’t Seen Full Potential Just Yet

Fan token platform Chiliz validates the genesis block of its new layer-1 EVM compatible blockchain to mark its five year anniversary. 

cointelegraph.com

Chiliz launches layer-1 blockchain to expand fan token ecosystem

The global cryptocurrency market cap stands at $1.05 trillion, representing a 0.19% increase in the last day. As the cryptocurrency market continues to rally, altcoins are posting incredible gains. 
For instance, Chiliz’s price is gaining today, reflecting the positive moves of the general market. CHZ’s trading volume has also increased by 82.02% in 24 hours, showing rising interest among investors.
CHZ is among the top gainers today, recording an almost 6% increase in value. The asset has outperformed market leader Bitcoin today, which recorded a 0.02% increase in 24 hours. This price increase might support a bull run in the coming weeks.

Some experts have predicted 2023 to be bullish, and the price performance of cryptos so far is leaning toward this prediction.
What Is Behind The Chiliz (CHZ) Rally?
CHZ acts as a fan token and has always been a community-driven project that relies on voting power from members. The Chiliz project has many lucrative partnerships with soccer giants such as Juventus, Manchester City, FC Barcelona, and Paris Saint-Germain. It equips the club supporters with limited editions of fan tokens.
Sports is a lucrative sector worldwide, with fans investing heavily in merchandise and fan tokens to support their favorite teams. The platform’s native token CHZ is the currency for purchasing these fan tokens through smart contracts. These fan tokens are offered in limited supply to preserve their scarcity and uniqueness.
The Chiliz development team posted the progressive strides the network has made in 2022 and early 2023 on Twitter. It has formed new partnerships with notable partners such as Italian Serie A teams, MLS teams, and SL Benfica. Also, the Scoville Testnet upgrade launched in 2022 has recorded success in stages 1-5. According to the development team, Stage 6 will launch in 2023.

CHZ Price Prediction Where Is it Headed?
Chiliz (CHZ) is trading at 0.1461, a 5.29% increase in the token’s value. The Chiliz token is in an uptrend, as the formation of consecutive green candles with higher highs indicates. 
CHZ is trading above its 50-day Simple Moving Average (SMA) and below its 200-day (SMA). It implies a short-term rally as the bulls seize control of the market. The support levels are $0.130459, $0.133246, and $0.136924, while the resistance levels are $0.143388, $0.146176, and $0.146176.  
Chiliz has broken its first resistance level of $0.133246 and turned it to support, leading to a positive movement on the charts. The Relative Strength Index (RSI) is at 64.85, showing that Chiliz is close to the buy zone but not in the overbought region. If the bullish pressure sustains,  Chiliz will likely surpass its next resistance level soon.
The MACD (Moving Average Convergence Divergence) is now above the signal line. It also indicates slight bullish pressure. However, the MACD is still tentative and reflects a possible reversal if the bears seize control.

Expect CHZ to sustain its gains in the coming days. The asset will likely surpass the $0.14676 level soon. However, if the resistance prevails, it will retrace to the $0.133246 support.



The global cryptocurrency market cap stands at $1.05 trillion, representing a 0.19% increase in the last day. As the cryptocurrency market continues to rally, altcoins are posting incredible gains. For instance, Chiliz&#8217;s price is gaining today, reflecting the positive moves of the general m...

Chiliz price	$0.114185
Low - High 24H	$0.112725 - $0.121253
Market cap	$610.10M
Volume 24H	$68.52M
All time high	$0.878633 -87.01% March 13th 2021
All time low	$0.004109 2678.18% September 28th 2019
Genesis date	N/A

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