The full name of CHZ coin is Chiliz, a utility token based on Ethereum's ERC-20 issued by the Maltese fintech company Chiliz. Below is a specific introduction to it:

Application Scenarios

CHZ coin is mainly used in the sports and entertainment industry. Through its operated Socios platform, fans can use CHZ coin to purchase fan tokens for their favorite teams or events, thus gaining voting rights, participating in club decisions, enjoying exclusive benefits, and obtaining official NFTs, achieving closer interaction and connection between fans and sports organizations.

Project Background and Partnerships

The Chiliz platform has formed deep collaborations with many world-class football clubs, esports teams, racing companies, NBA teams, NFL clubs, and UFC, such as Barcelona, Manchester City, Juventus, Paris Saint-Germain, etc. These collaborations have given CHZ coin strong market influence and a solid value foundation.

Technological Innovation

The Chiliz team promotes the deep integration of blockchain technology with the sports and entertainment industry, developing innovative features such as fan voting and exclusive merchandise redemption, making CHZ coin a unique bridge connecting fans with idols, events with audiences, continuously expanding its application boundaries and usage value.

Market Performance

The market performance of CHZ coin is quite volatile, with its price having surged significantly due to collaborations with clubs like FC Barcelona and also experiencing declines. On November 22, 2024, the price of CHZ coin was $0.06223, with a 24-hour increase of 1.18%.

Investment Risks

Investing in CHZ coin faces many risks, including the high volatility of the cryptocurrency market, uncertainty in regulatory environments across countries, and the technological and operational risks of the project itself. Investors need to fully consider and make rational decisions.