Chiliz or CHZ (CHZ/USDT – trade here) is one of the leading digital currencies for sports and entertainment offered by the Malta-based fintech provider of the same name. We operate Socios, a blockchain-based sports entertainment platform that allows consumers to participate in the governance of their favorite sports organizations. Socio's Fan Token is an example. Fan Tokens offer sports clubs and organizations an opportunity to engage with their supporters and generate new revenue streams. This article explains what Chiliz is, its main features, the tokenomics of the project, and how to buy CHZ tokens on MEXC.
On March 11th, 2021, Chiliz Token's peak price (ATH) was 0.947810 USD. Since the ATH date, the price of CHZ has never been lower than 0.081000 USD on June 17, 2022.
Chiliz Project Tokenomics
Fan tokens are created on the Socios sidechain leveraging the Proof-of-Authority (PoA) consensus mechanism. PoA grants a selected group of pre-selected “authority” nodes the ability to create and validate new blocks, rather than relying on decentralization of the network. Organizations or individuals in charge of authority nodes are often exposed to build trust in the system. This is because these nodes are critical to network security and success.
In addition to using a secure network, CHZ has a maximum supply of 8.88 billion, with about 6 billion CHZ currently in circulation. Another factor driving crypto and sports aficionados to buy CHZ is its scarcity.
How to Buy CHZ?
Looking for how to buy CHZ? You can buy Chiliz token on MEXC via the following the steps:
On March 11th, 2021, Chiliz Token's peak price (ATH) was 0.947810 USD. Since the ATH date, the price of CHZ has never been lower than 0.081000 USD on June 17, 2022.
Chiliz Project Tokenomics
Fan tokens are created on the Socios sidechain leveraging the Proof-of-Authority (PoA) consensus mechanism. PoA grants a selected group of pre-selected “authority” nodes the ability to create and validate new blocks, rather than relying on decentralization of the network. Organizations or individuals in charge of authority nodes are often exposed to build trust in the system. This is because these nodes are critical to network security and success.
In addition to using a secure network, CHZ has a maximum supply of 8.88 billion, with about 6 billion CHZ currently in circulation. Another factor driving crypto and sports aficionados to buy CHZ is its scarcity.
How to Buy CHZ?
Looking for how to buy CHZ? You can buy Chiliz token on MEXC via the following the steps:
- Log in to your MEXC account and click [Trade]. Click on [Spot].
- Search “CHZ” using the search bar to see the available trading pairs. Take CHZ/USDT as an example.
- Scroll down and go to the [Spot] box. Enter the amount of Chiliz you want to buy. You can choose from opening a Limit order, a Market order or a Stop-limit order. Take Market order as an example. Click [Buy CHZ] to confirm your order. You will find the purchased CHZ in your Spot Wallet.
