What is CHZ Coin?
CHZ Coin (Chiliz) is a sports-focused cryptocurrency launched on July 2, 2019. Designed as the native token for the fan engagement platform Socios.com, it empowers sports and esports enthusiasts to participate in team management decisions through blockchain-based voting systems.
Key Features:
- Utility Token: Exclusively used on Socios.com for fan interactions.
- Unique Model: Bridges the gap between teams and fans via "fan economy" monetization.
- Active Ecosystem: Adopted by major sports clubs and leagues globally.
CHZ Coin Total Supply and Distribution
👉 Discover how CHZ compares to other sports tokens
Total Supply:
- Fixed Issuance: 8.888 billion CHZ.
- Circulating Supply: Approximately 88% of total supply (as of latest data).
Initial Allocation (2019):
| Category | Percentage |
|---|---|
| Private Sale | 34.5% |
| User Incentives | 20% |
| Market Operations | 15% |
| Strategic Acquisitions | 15% |
| Seed Investors | 7.5% |
| Team | 5% |
| Advisory Board | 3% |
Note: No additional minting occurs, ensuring scarcity.
Market Performance and Adoption
Historical Price Data:
- All-Time High: $0.16
- All-Time Low: $0.02
- Current Price Range: $0.08 (as of last analysis)
Exchange Listings:
Available on 8 major exchanges including:
- Binance
- KuCoin
- HitBTC
Community Growth:
- Twitter Followers: 13,966+
- Facebook Engagement: 784+ subscribers
Will CHZ Coin Rise in Value? 2024 Outlook
👉 Expert insights on CHZ price trends
Bullish Factors:
- Fan Engagement Expansion: Partnerships with top-tier sports organizations.
- Limited Supply: Fixed total issuance reduces inflationary pressure.
- Platform Utility: Growing Socios.com user base increases token demand.
Technical Analysis:
- Support Level: Strong holding at $0.01.
- Resistance Breakout: Potential to retest $0.022 if bullish momentum continues.
- Risk Considerations: Market volatility may push prices toward $0.007 in corrections.
FAQ: CHZ Coin Essentials
Q1: What drives CHZ Coin's value?
A: Its utility within Socios.com for voting rights and team engagement creates intrinsic demand.
Q2: How does CHZ differ from other fan tokens?
A: It’s the pioneer with established club partnerships (e.g., FC Barcelona, Juventus).
Q3: Where can I buy CHZ Coin?
A: Major exchanges like Binance and KuCoin offer CHZ trading pairs.
Q4: Is CHZ a good long-term investment?
A: Dependent on sports industry adoption—monitor team partnerships and platform growth.
Q5: What’s the max supply of CHZ?
A: 8.888 billion, with no plans for additional issuance.
Conclusion
CHZ Coin stands out in the niche of sports-related cryptocurrencies with its practical use case and fixed supply model. While short-term price fluctuations are inevitable, its long-term viability hinges on Socios.com's ability to onboard more teams and engaged fans. Investors should weigh its innovative approach against broader market conditions when considering positions.
Disclaimer: Cryptocurrency investments carry risks. This content does not constitute financial advice—always conduct independent research.