New Era In Digital Asset Trading Underway On Chiliz.Net – The World’s First Exchange Platform For Sports & Entertainment
MALTA, April 16th 2020: Chiliz (Binance.com: $CHZ), a leading fintech company in the sports space, have announced that the $JUV Fan Token increased in price by 17% during the opening hours of trading on Chiliz.net. At the time of writing the 24 hour total trading volume has passed $600k with $JUV volume over 250k.
The launch of the $JUV Fan Token on Chiliz.net marks the introduction of a new tradeable class of digital asset, where price will be defined by market demand arising from factors such as fan sentiment, match results, tournament victories as well as transfer window activity.
Fan Token trading for all partners on Chiliz’ fan voting & rewards app Socios.com will be possible on Chiliz.net. As well as Juventus, Socios.com partners include FC Barcelona ($BAR) Paris Saint-Germain ($PSG), Atlético de Madrid ($ATM), A.S. Roma ($ASR), Galatasaray ($GAL) CA Independiente ($CAI) and esports giants OG ($OG). Fan Tokens for these teams are scheduled to go live on Chiliz.net in Q2. Trading of many more Fan Tokens from the world of sports & entertainment is expected in 2020.
Fan Token trading will commence on Socios.com with the launch of the Marketplace feature in the coming weeks. The app, which has already amassed some 200,000+ users in just 4 months, will introduce fans to this new class of digital trading for some of the biggest sporting properties in the world. All Fan Token trading is paired against Chiliz $CHZ – the digital currency for the sports & entertainment industry – and can be tracked on Socios.com/trading.
Additional features on Chiliz.net include a built-in API allowing traders to instantly track the price of their assets in the exchange and execute complex trading strategies. The platform is also fully integrated with automated trading solution Paratica.com, allowing experienced and novice traders alike to trade proficiently without infringing on their work or social lives. For instance, users can set their account to trade while working, relaxing, or watching games featuring their favourite teams from the Chiliz.net platform.
$JUV purchased on Chiliz’ fan voting & rewards app Socios.com can now be withdrawn to Chiliz.net. Fan Tokens for other partners currently held on Socios.com can be withdrawn to Chiliz.net as soon as they go live on the platform.
Alexandre Dreyfus, CEO & Founder of Chiliz & Socios.com said: “The launch of the $JUV Fan Token on Chiliz.net and the first day of activity on the platform marks the beginning of a vibrant new class of trading featuring digital assets from some of the biggest rights holders in the world.
“We’re establishing a brand new relationship between real world sporting news and digital asset price fluctuations that will drive interest in this original class of trading from traditional crypto enthusiasts and regular sports fans.
“The initial response in these first 24 hours has been very encouraging, especially taking into account the current sporting landscape. With the return of sport later in the year and many more Fan Tokens set to go live on Chiliz.net in 2020 the outlook is very promising indeed.”
Chiliz has undergone a remarkable period of growth since raising $60m+ through private placement in 2018. The company now has 65+ team members, spanning 24 different nationalities, and across multiple disciplines, bringing with them invaluable experience from industries such as sports, gaming, entertainment and payment solutions. The reach of $CHZ has also expanded significantly with several key listings on exchanges including Crypto.com, Paribu, Bitfinex, Bitpanda, Indian crypto exchange WazirX and leading Korean exchange platform Upbit, as well as Binance, who are also a strategic investor.
Chiliz.net is initially available in seven different languages, including Korean, Chinese, Japanese, Vietnamese, Thai, Turkish and English.
For Further Information:
Chiliz / Socios.com
Andrew Clarke – Global PR Manager
For more information please visit www.socios.com
Notes to editor:
Chiliz ($CHZ) is a digital currency for sports and entertainment platforms. It fuels the world’s first scalable, tokenized voting platform, Socios.com where fans can buy, trade and execute voting rights in their favorite sports teams. The Chiliz project has raised $66 million from some of the world’s largest cryptocurrency exchanges and leading crypto funds in Asia, including Binance, OK Blockchain Capital, and Ceyuan Ventures. Chiliz is owned by Malta-based Mediarex Group, a global sports and entertainment organisation, which was founded in 2012. In January 2020, Chiliz announced the launch of Chiliz.net, a first-of-its-kind mobile and desktop crypto exchange for sports and entertainment assets.
Socios.com helps sport entities achieve digital transformation through blockchain technology. Socios.com is powered by the Chiliz token ($CHZ), both an ERC20 utility token on the Ethereum blockchain and BEP-2 token on Binance Chain. Fan Tokens are specific to a team or a club, and are a finite, digital asset that provides access to an encrypted, immutable ledger of voting and membership rights ownership. The tokenized fan-voting platform uses Fan Tokens, which operate on a separate permissioned side chain. The Fan Tokens are limited in number, and are fungible, meaning their ownership can be traded, and their price is driven by the market. The venture was inspired by the fan-led management frameworks or ‘socios’ of some major football clubs. Dubbed ‘Socios 2.0’, the platform simply represents the digitisation of this model of management.