Why Did Chiliz (CHZ) Price Rise? - 09.10.2024

Chiliz (CHZ) is a blockchain-based cryptocurrency that has gained attention in the world of sports and entertainment and is used as the main currency of the Socios.com platform. CHZ allows fans to participate in the decision-making processes of their favorite team and build a stronger engagement with their club. Fans can participate in polls, vote on club decisions and earn special rewards by receiving specially minted fan tokens with CHZ. CHZ, an Ethereum-based ERC-20 token, is also used for the purchase of NFTs and participation in other promotions on the Socios.com platform.

CHZ, up 6.15% in the last 24 hours and at the time of writing, was one of the day's appreciating assets. A leading global exchange announced that it will support the Pepper (1000PEPPER) airdrop for Chiliz (CHZ) holders. With this airdrop, Chiliz holders will have the opportunity to get free 1000PEPPER tokens by meeting certain conditions. Following this development, the CHZ price may have risen.