Chiliz (CHZ) is a cryptocurrency revolutionizing the world of sports and e-sports and is the base currency of the Socios.com platform. CHZ increases the interaction between sports clubs and fans, allowing fans to participate in team decisions. This model offers clubs new sources of revenue and allows fans to actively support their teams from anywhere in the world thanks to blockchain technology. Based on the principle of transparency, this system ensures that all transactions are secure and traceable on the blockchain.
CHZ, down 4.17% in the last 24 hours and at the time of writing, is among the day's decliners. A leading cryptocurrency exchange announced that it will add risk warnings for coins that experience significant changes in the token economy. As of October 1, 2024, such tokens will display a risk warning and pop-up notification that users must approve before trading. This development may have negatively affected the CHZ price.
