Chiliz Coin Review 2022
If you ever thought you could make better decisions than coaches, managers, or club presidents, Chiliz will give you some insights into how professional sports and entertainment businesses are run.
What is Chiliz coin, and how can the world’s biggest fans platform help you get closer to your favorite team?
About Chiliz (CHZ)
The idea behind the network came about in 2018, but it was launched in 2019. Chiliz didn’t have a public coin offering. Still, they managed to raise $66 million through a private funding campaign, which allowed the team to create today’s ecosystem.
In the past, sports fans didn’t have much of a say in their teams' actions. They had no voice in club decisions. They could watch sports on TV, go live to stadiums and arenas, and purchase fan gear. And that’s about it.
But with the birth of the Chiliz platform, people got a chance to become active participants and engage with their teams. The sports clubs, on the other hand, received an additional revenue stream to help them reach their sporting goals. As you can imagine, the platform gained great popularity among all participants, and user adoption keeps growing.
Supporters gained certain powers in the decision-making processes of their teams, and their voices were heard through various polls and surveys.
Chiliz has partnered with over 40 professional clubs and sports federations. Most are football teams, but the platform also cooperates with NASCAR, the UFC, Formula 1, etc. But that’s not all. Fan engagements are planned with professional organizations in basketball, the NFL, cricket, baseball, and more.
Chiliz (CHZ) Team
The team members behind the Chiliz platform come from 27 different countries worldwide and are seasoned professionals in their niches. They have decades of experience in development, blockchain tech, gaming, advisory roles, payment solutions, etc.
Chiliz currently employs over 250 team members.
The founder and CEO of the project is Alexandre Dreyfus. Alex has been working in online media and gaming since the 1990s, and he helped develop two popular poker apps in the past. Emma Diskin is the company’s COO. She is an awarded marketing and communications expert in the world of sports.
The Chief Technology Officer of Chiliz is gaming and management expert Thibaut Pelletier. Chiliz’s Chief Strategy Officer is Max Rabinovitch. He is a well-established business strategist and consultant. Magnus Linder, the Director of Global Partner Acquisition, is the person responsible for creating new partnerships.
Some other names that deserve to be mentioned include Fiobian Manicolo, Mark Verdegaal, Dorianne Spiteri, Gilbert Camilleri, Karim Virani, Andrew Visser, James Newman, and Julian La Picque.
Chiliz (CHZ) Roadmap
Since the idea of Chiliz became a reality in 2019, its development team has been hard at work to make the network the best in the industry. This is now a multinational company headquartered in Malta but with offices in France, Turkey, Brazil, South Korea, and Spain.
Together with their partners from Socios.com, Chiliz has developed the biggest and most popular sports engagement app for fans worldwide. Dozens of teams were onboarded, most notably Juventus, PSG, Barcelona, Atletico Madrid, Manchester City, Arsenal, AS Roma, and many more.
It’s not just international clubs that have decided to become part of the Chiliz experience. The national football teams of Portugal and Argentina are also using the platform to engage with their user bases.
Chiliz has over 120 global partners, and more than 1 million fans use their services. The team plans to extend further and take over the North American and UK markets by opening offices in those locations.
Chiliz is currently working on a brand-new layer-1 blockchain called Scoville. Scoville is a Chain 2.0 solution for onboarding start-ups from the sports and media industries. It’s a complete and scalable web3 ecosystem that will comprise DeFi, NFTs, the Metaverse, loyalty programs, ticketing, and more.
Scoville was built with the help of decentralized infrastructure provider **Ankr. **Once launched, it’s supposed to become 200 times cheaper to transact with than through the Ethereum platform and require 2000x less computational power than the Proof-of-Work type of coins.
Chiliz (CHZ) Network
Chiliz is a fan ecosystem where teams can reward their participants with unique and customized gifts. The network is home to the CHZ token, which is both an ERC-20 Ethereum token and a BEP2 asset found on Binance Smart Chain.
Chiliz developed two equally important services for its users: Socios.com and Chiliz.net.
Socios.com
Socios.com is the central platform where fans engage with their favorite teams. It’s based on the Chiliz blockchain and allows individuals to purchase fan tokens through Fan Token Offerings, giving them voting rights and many other benefits.
Owning fan tokens can get you match tickets, VIP passes, meetings with star players, stadium tours, and so on. Certain clubs have been known to provide discounts on official merchandise or signed match kits. Even greater influence is offered in some instances where it becomes possible to elect board members or management. The possibilities are endless and depend solely on the imagination of the clubs involved.
Thanks to the partnership with Enjin, it will also become possible to create dynamic and limited NFTs associated with specific sporting events and achievements. Suppose a player scores a spectacular goal in the Champions League finals. In that case, Chiliz could mint a commemorative NFT and offer it for sale.
The club fan tokens and Chiliz CHZ tokens have a unique relationship. CHZ assets are required to purchase any coins issued on the platform.
What is Chiliz coin used for?
For example, holders of the Juventus fan tokens were allowed to vote on the design of the official club bus for the 2020/2021 season. In other instances, fans could select which kit designs they liked the most or the name of the club training facilities. A Cyprian club took it one step further. It allowed their token holders to select the lineups and formations for a match the team played.
Chiliz.net
The other essential part of the ecosystem is the official exchange for sports tokens – **Chiliz.net. **That’s the marketplace where traders can buy or sell their digital assets using CHZ as the other coin in the trading pair. The exchange doesn’t charge trading fees for buying fan tokens with CHZ.
Chiliz.net can also be used for purchasing CHZ tokens. Depending on the amount, customers can be asked to undergo KYC verification.
How to Mine Chiliz (CHZ)
CHZ is an Ethereum or Binance Chain-based token, so it can’t be mined. There is no official staking platform created by Chiliz either. However, some crypto exchanges give their customers a chance to increase their holdings through Earn programs.
- With Binance Earn, holders can lock up their CHZ for 1 to 5 years. The estimated APR is 2%.
- OKX also offers staking returns on Chiliz coins and 1% APYs. This investment choice comes with flexible terms.
Chiliz Coin Price Prediction 2022
Chiliz’s CHZ token is trading around the $0.18 mark in the last week of October 2022. More than 6 billion assets are in circulation from a maximum supply of 8.8 billion. Crypto analysts have shared their ideas about the future of this cryptocurrency. Let’s take a look at some of their thoughts, and answer the question – is Chiliz coin a good investment?
DigitalCoinPrice
Trading experts from DigitalCoinPrice have released their Chiliz coin price prediction analysis until 2031.
2022 is almost behind us, and they don’t expect much to happen in this year's remaining months. The price looks to bounce around between $0.16 and $0.22 per token. A slight upward trend is predicted for 2023, when the coin could trade from $0.40 to $0.47 apiece.
Bullish segments are present in 2024 and 2025, when CHZ is expected to be worth over $0.80 on listed exchanges. But everything that goes up has to eventually come down, and Chiliz is no different. In 2026, DigitalCoinPrice expects a reversal and a drop in value to the $0.70 area.
What most traders want to know is, can Chiliz reach $1? Following an eventful 2027, this is expected to happen in 2028. But CHZ doesn’t show signs of stopping there. The value looks set to rise to over $2 in 2030 until the asset reaches its ATH at the end of 2031 at $3.50 per token.
CoinsKid
That's one way of thinking. Let's now look at the Chiliz prediction from CoinsKid.
Their forecast system anticipates a slight value increase to $0.21 this year. The average trading price throughout 2023 could be between $0.23 and $0.32 per CHZ. Positive strides are predicted in 2024 and 2025 as well. It’s believed that Chiliz will rise above the $0.50 mark for the first time in October 2024.
CoinsKid market analysts anticipate that CHZ will be worth between $0.70 and $0.85 in Q4 of 2025. They end their Chiliz price prediction by sharing their forecast for 2026. There are expectations that the coin will trade at over $1 in February for the first time in its history. From that point on, the value could go up to as high as $1.75 at the end of the year.
Where To Buy and Store CHZ
If you have decided to invest in CHZ, we need to discuss how to buy Chiliz and which wallets it can be kept in.
Chiliz Wallets
Just a reminder – CHZ is available as an Ethereum-based ERC-20 token or a BEP2 coin on Binance Smart Chain.
The easiest and most secure storage for Chiliz tokens is in NOW Wallet. This private and non-custodial app allows users to buy, store, and exchange CHZ as they wish.
Chiliz tokens are also supported by Binance Chain Wallet, ZenGo, MetaMask, Atomic Wallet, and Trust Wallet. If you prefer the comfort of cold storage in hardware wallets, you will be pleased to know that CHZ works with both Trezor and Ledger devices.
CHZ Crypto Exchanges and where to buy Chiliz?
Chiliz’s ETH token is available for limitless crypto swaps on ChangeNOW. This reliable and excellently rated service allows you to get your coins into your private wallet within 5 mins on average. CHZ tokens can be purchased with fiat using credit or debit cards.
Chiliz is listed and is trading on many other cryptocurrency exchanges we are sure you have heard of. Let’s mention just some of them: Binance, KuCoin, FTX, Coinbase, Bithumb, Kraken, Bitstamp, Bitfinex, Poloniex, etc.
