Among those tokens there have also been very notable price movements in recent days. In particular, the Argentine football team token issued by Socios.com, Argentine Football Association Fan Token (ARG), quadrupled in price within 30 days. One point in favor is that these tokens are trading for $6 in the case of ARG, and $2 in the case of Chillz. According to analysts, it is worth investing in these tokens before the start date of the sports championship approaches and the price rebounds strongly.
Chiliz is a cryptocurrency designed for the tokenization of the sports business, which operates in conjunction with a scalable loyalty and sports rewards platform: Chiliz.net.
It is also the first exchange to allow fans to trade custom tokens and participate in club-based surveys and giveaways. As such, the tokens give fans voting rights: the more you own, the more voting rights they have.
The tokens also allow fans to access discounts, promotions and limited content, test their sports knowledge against each other and win prizes such as signed club items, CoinGecko reports on its crypto profile.
In October 2018, Chiliz issued a fixed supply of approximately 8.8 billion CHZ tokens on the Ethereum blockchain and distributed some to interested parties. The company did not hold any public sales other than what it sold through cryptocurrency exchanges.
Although CHZ started out as an ERC-20 token, it was redesigned to fit the BEP-2 token standard due to Binance’s role in issuing new hobbyist tokens as part of its strategic partnership with Chiliz.
Source: Ambito
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