Chiliz is an initiative created to tokenize the relationship between sports clubs and global fans. Established in Malta in 2018, the company aims to offer fans the opportunity to buy tokenized fan influence in their favorite clubs. This allows Chiliz to provide a participation platform where fans can influence decisions of their favorite teams.
The CHZ Coin is a digital currency developed for sports tokenization. One of its main purposes is to create a platform where fans can buy and trade branded fan tokens. It also aims to enhance scalable fan engagement and reward systems, allowing fans to participate in club-focused polls and vote on decisions.
Assessment of CHZ Coin
Cryptocurrency has been attempting to impact various sectors, from logistics to business operations. The sports industry is one of the areas influenced by this trend. Chiliz-backed Socios.com is a leading player in blockchain projects within the sports domain. Insights about CHZ Coin are crucial for those curious about the level of interest the project has garnered. Experts have examined the project in detail and shared their thoughts.
Chiliz (CHZ) Coin was founded in 2018 by Alexandre Dreyfus and serves as the digital currency underpinning the fan engagement platform Socios.com. Dreyfus has emphasized the project's role in creating a new revenue stream for the sports industry.
According to experts, on the Socios.com platform, token holders can vote for their favorite sports clubs and invest in new sports organizations. This empowers token holders to influence real-world team and organization decisions. Additionally, sports and entertainment entities can leverage blockchain tools to generate revenue from both existing and new audiences.
The Future of CHZ Coin
Analyses of CHZ Coin's future indicate that the Chiliz project aims to transform sports fans from passive observers to active participants. The project asserts that every sports fan has the right to make their voice heard. Thanks to its unique propositions and impactful partnerships, Chiliz Coin exhibited notable performance in the cryptocurrency market throughout 2021. Despite a price decline at the beginning of 2022, an upward trend has been observed in Chiliz Coin as of March. Therefore, the Chiliz project is seen as promising and worthy of investment.
Expert Price Predictions for CHZ Coin
- GOV Capital prediction: Chiliz Coin's price could surpass $0.81 within the next year.
- Market Heaven prediction: Chiliz Coin might reach $1.02 in early 2023.
- Digital Coin Price prediction: By the end of 2025, Chiliz Coin could trade around $1.50.
- Coinliker prediction: Chiliz Coin could potentially exceed a $0.84 increase.
- Altcoin Buzz prediction: CHZ Coin's price could indicate various levels, falling below $0.20 or surpassing $0.50.
- Cryptoglobal.io TR prediction: The Chiliz Coin future seems promising, with an optimistic price graph so far.
- Trading Beasts prediction: Chiliz Coin's price is estimated to increase by around 50% by the end of 2023.
- Wallet Investor prediction: Long-term projections suggest significant price increases for Chiliz Coin, potentially growing tenfold within four years.
Chiliz Coin Target Price
According to experts, Chiliz Coin's target price ranges from $0.7 to $0.9 for 2023, and the target price for 2023 is between $1.2 and $1.6. Long-term forecasts suggest the price could be around $5 by 2025.
Chiliz Partnerships
Numerous sports clubs have collaborated with the Chiliz platform to issue fan tokens. Notable football clubs such as Juventus, FC Barcelona, AC Milan, AS Roma, Manchester City, Atletico Madrid, PSG, Arsenal FC, Galatasaray SK, Trabzonspor SK, Aston Villa, and Inter FC have entered agreements with this platform.
