Chiliz Cryptocurrency (CHZ): Upcoming Projects And Events

Chiliz CHZ crypto project and development. (Chilean)

JAKARTA – Chiliz (CHZ) is a cryptocurrency used to run blockchain-based sports projects. Chiliz's most famous project is the Socios.com fan token platform.

Chiliz was founded in 2019 and is headquartered in Malta. Socios.com is a blockchain-based sports entertainment platform that brings sports figures closer to their idols. With Socios, fans will engage more intensely with the sports they admire.

In addition, Socios also allows its users to print and release fan tokens for sports teams. By having fan tokens, fans can participate in the decision-making of the sports teams they support.

Chiliz was founded by Alexandre Dreyfus, currently the company's CEO. Dreyfus is experienced in the field of enterprise-based web development. He once developed Webcity, an interactive travel guide.

Since its launch, Socios has collaborated with hundreds of sports clubs from 25 countries around the world. Socios has partnerships with football clubs, rugby, cricket, ice hockey, MMA, tennis, American football, basketball and so on.

Chiliz Migration to Chiliz Chain 2.0

Citing DailyCoin, Chiliz is currently entering its fifth stage since the launch of the Scoville testnet. The CHZ cross-chain mainnet itself is scheduled to launch before the end of this year. Where the developer will launch the mainnet and migrate Chiliz to Chiliz Chain 2.0.

Fan token platform Socios.com, in an official announcement on August 18, revealed that it has obtained regulatory approval from Italian financial regulator Organismo Agenti e Mediatori (OAM).

According to Socios.com, the OAM license allows the company to provide virtual currency and digital wallets for fan engagement and reward platforms in key European markets. Following regulatory approval, Socios.com also becomes the official partner for fan engagement and awards for the Italian national football team.

It didn't stop there, Socios also officially announced its partnership with Stade Francais and The Sharks in early August. This collaboration marks the importance of the company's expansion into the global sphere.

Later, The Sharks will be the first team in Africa to launch a Fan Token on Socios.com. Similarly, Stade Français will also be the first French rugby union club to join the platform.

Staking CHZ

In the previous phase, the development team has leaked information regarding Chiliz's latest improvements, one of which is the staking feature. This feature allows token holders to lock or stake their holdings to help secure online transactions or validators. In return, validators will be rewarded in the form of additional tokens.

The development team revealed that the features will be coming soon. However, the developer did not reveal more detailed information regarding the launch time of the anticipated feature. Based on Chiliz's schedule, the release of the seventh phase called Habanero is scheduled to launch in the third or fourth quarter of 2022.

Not only that, but the Chiliz team also plans to launch a mobile app this August. The application is used to increase project activity in the network.

According to the latest report, Socios plans to spend 100 million US dollars in the development of the metaverse project of Spain's top football club, FC Barcelona. Socios will provide an injection of funds to the club's metaverse division, Barca Studios. Later, Socios will receive ownership of Barca Studios of 24.5% if the agreement is agreed by both parties.

At the time of writing, Chiliz (CHZ) is trading at IDR 2.824. The price has increased by 7.4% in the past week. Meanwhile, on March 31, 2021, CHZ had an all-time high price (ATH) at the level of IDR 12.644, according to Coingecko data.