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$0.113358
(4.47%)
0.00000177 BTC
Market Cap (Rank#85)
$1,007,558,308
15,765 BTC
Vol 24h
$37,473,651
586.323 BTC
Circulating Supply
8,888,289,967.12
Max Supply
8,888,888,888
10 days ago • nulltx
Exploring BlockDAG’s 20,000-Fold Potential Amid the Surge of Solana and CHZ Bullish Trends
BlockDAG Secures More Than $15.3M, Surpassing the Solana-Ethereum Crossover and CHZ’s Rise with a 20,000-Fold Prospect Delve into the recent breakthroughs within the cryptocurrency domain, featuring the noteworthy ascent of Solana over Ethereum, symbolizing Solana’s emergence as a powerful rival. Investigate the steady escalation of CHZ Crypto Price, reflecting its […]
29 days ago • coindesk
French Energy Giant EDF Subsidiary Becomes Chiliz Blockchain Validator
Exaion helps industries with digital transformation related to cloud and blockchain with a focus on addressing energy efficiency of data centers.
51 day ago • nulltx
Chiliz (CHZ) Emerges As Top Performer In Altcoin Market
Over the past seven days, Chiliz (CHZ) has emerged as one of the standout performers in the altcoin market, experiencing a remarkable gain of over 20%. Renowned for its innovative niche in sports and entertainment, Chiliz stands out as the premier digital currency tailored for this sector. Through its unique […]
85 days ago • cryptopotato
Chiliz Price Up 10% as New P2E Token Meme Kombat Raises $7.5M
The price of Chiliz (CHZ) has seen a 10% pump over the last 24 hours, bringing the token back above $0.11. This mirrors the trend seen throughout the altcoin market, with most coins and tokens in the green. Meanwhile, presale play-to-earn (P2E) token Meme Kombat is also gaining ground, offering early investors one final chance […]
86 days ago • cryptodaily
Top Three Crypto Tokens Predicted To Soar in Q1 of 2024
Crypto analysis can help investors figure out which crypto to buy for massive returns in 2024. According to experts, Chiliz (CHZ)
89 days ago • nulltx
Can Uniswap (UNI) v4 Launch Rescue its Price? Chiliz (CHZ) and Pushd (PUSHD) Investors Enjoy Bullish Gains!
Many established crypto projects are under pressure from newcomers to the market, prompting intense developments and new releases to try and maintain pace. Uniswap (UNI) has seen its price stagnate over the past year, while newbies Chiliz (CHZ) and Pushd (PUSHD) are enjoying enormous gains. Here’s why. Can Uniswap (UNI) […]
93 days ago • nulltx
CHILIZ PRICE ANALYSIS & PREDICTION (January 17) – CHZ Breaks Out Following A Massive Recovery In A Week, Are The Bulls Back
As some low-cap altcoins saw notable recovery overnight, Chilliz’s price increased significantly and broke into a new monthly high. It currently looks strong and technically set to take more highs on a daily. Following the late 2023 recovery across the crypto space, CHZ increased steadily and later surged through several […]
94 days ago • coindesk
Chiliz, Klaytn Tokens Surge Over 10% on M&A Hopes, Bitcoin Listless
Klyatn and Finschia Foundation have proposed to merge the two blockchains to create a Web3 powerhouse in Asia.
94 days ago • cryptopotato
Top Crypto Gainers: Chiliz Up 20%, Sei Continues Rising, Meme Kombat Hits $6.9M
It’s been a positive start to the week in the crypto market, with several altcoins posting sizable gains in the past 24 hours. Leading the pack is sports fan token Chiliz (CHZ) with a 20% surge, while super-fast blockchain network Sei (SEI) is also continuing its upward trajectory. Meanwhile, the hot new meme coin Meme […]
149 days ago • cryptopotato
Important Update: Binance Will Delist 10 Trading Pairs
AXS/BUSD, CHZ/BUSD, FIL/BUSD, and USTC/BUSD are some of the trading pairs to be removed from Binance on November 24.
157 days ago • cointelegraph
Animoca eyes SportFi ecosystem, becomes Chiliz Chain validator
Animoca Brands will become a validator for the Chiliz Chain as the venture capital firm looks to capitalize on the SportFi ecosystem.
172 days ago • cryptodaily
Crypto News RoundUp: Everlodge (ELDG) Rises 130%, U.S. SEC Delays BlackRock Spot Bitcoin ETF Decision, Tottenham Hotspur Joins Chiliz (CHZ)
This article looks at three of the biggest news stories in the cryptocurrency world from the past week: Everlodge moved higher in the ongoing presale event, SEC delayed a decision on BlackRock's Bitcoin ETF, and Tottenham Hotspur announced a fan token partnership with Chiliz. Let's break down these stories and see their impact on the crypto market.
202 days ago • cryptopotato
Here’s Why Tottenham Launched the Spurs Digital Fan Token
Chiliz and Socios partnered with Tottenham Hotspur to launch SPURS Fan Token, expanding global sports ecosystem.
204 days ago • cointelegraph
Tottenham Hotspur taps Chilliz blockchain for Web3 fan token
Spurs becomes the first Premier League team in two years to issue its own fan token on the Chiliz blockchain.
239 days ago • cryptodaily
Bitstamp To End ETH Staking for US Customers Come September 25
Cryptocurrency exchange Bitstamp announced it would end Ethereum (ETH) staking services to its US customers as of September 25. The exchange cited the US regulatory environment as a deciding factor.
The Luxembourg-based cryptocurrency exchange Bitstamp announced it would end ETH staking services to its US customers on September 25. The exchange told Blockworks it would shutter staking services due to the US regulatory environment.
Bitstamp Cites Uncertain US Regulatory Environment
In a statement, Bitstamp US CEO Bobby Zagotta said:
“As a result, US customers will stop receiving staking rewards. All other Bitstamp services will remain unaffected.”
He continued to say,
“Customers will continue earning staking rewards up until September 25, 2023, and after that, all staked assets will be unstaked. Rewards, along with the principal, will be credited to users’ main Bitstamp account balances. Typically, this process takes a few days but could be extended depending on network conditions.”
Zagotta explained the uncertain regulatory environment in the US motivated the exchange’s decision to discontinue staking services. He noted that “as one of the most regulated and trusted exchanges in the world, we have a comprehensive framework in place to continuously evaluate the services we support, taking into account the evolving regulatory environment in all jurisdictions in which we operate.”
Further stating:
“Considering current regulatory dynamics in the US, we’ve made the decision to discontinue staking for customers residing in the United States.”
Staking Controversy Continues
Staking services in the US have been a topic of considerable controversy recently. The US Securities and Exchange (SEC) came down on Kraken in February when it alleged the exchange failed to register its staking service as an unregistered offering. The SEC argued Kraken’s staking program was an unlawful offer and sale of securities. In a settlement, Kraken agreed to shutter its staking program.
The securities agency famously sued Coinbase in June, alleging it offered and sold unregistered securities through its staking service.
Under intensified pressure from the SEC, Bitstamp recently announced that it would suspend trading for several cryptocurrencies that the SEC identified as securities in its lawsuit against Coinbase and Binance. Bitstamp said:
“Update for our US users Starting August 29: AXS, CHZ, MANA, MATIC, NEAR, SAND, and SOL trading will be halted after evaluating recent market developments. Execute any open trades. Holding and withdrawing tokens afterwards will be unaffected.”
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
239 days ago • cryptodaily
Bitstamp To End ETH Staking for US Customers Come September 25
Cryptocurrency exchange Bitstamp announced it would end Ethereum (ETH) staking services to its US customers as of September 25. The exchange cited the US regulatory environment as a deciding factor.
The Luxembourg-based cryptocurrency exchange Bitstamp announced it would end ETH staking services to its US customers on September 25. The exchange told Blockworks it would shutter staking services due to the US regulatory environment.
Bitstamp Cites Uncertain US Regulatory Environment
In a statement, Bitstamp US CEO Bobby Zagotta said:
“As a result, US customers will stop receiving staking rewards. All other Bitstamp services will remain unaffected.”
He continued to say,
“Customers will continue earning staking rewards up until September 25, 2023, and after that, all staked assets will be unstaked. Rewards, along with the principal, will be credited to users’ main Bitstamp account balances. Typically, this process takes a few days but could be extended depending on network conditions.”
Zagotta explained the uncertain regulatory environment in the US motivated the exchange’s decision to discontinue staking services. He noted that “as one of the most regulated and trusted exchanges in the world, we have a comprehensive framework in place to continuously evaluate the services we support, taking into account the evolving regulatory environment in all jurisdictions in which we operate.”
Further stating:
“Considering current regulatory dynamics in the US, we’ve made the decision to discontinue staking for customers residing in the United States.”
Staking Controversy Continues
Staking services in the US have been a topic of considerable controversy recently. The US Securities and Exchange (SEC) came down on Kraken in February when it alleged the exchange failed to register its staking service as an unregistered offering. The SEC argued Kraken’s staking program was an unlawful offer and sale of securities. In a settlement, Kraken agreed to shutter its staking program.
The securities agency famously sued Coinbase in June, alleging it offered and sold unregistered securities through its staking service.
Under intensified pressure from the SEC, Bitstamp recently announced that it would suspend trading for several cryptocurrencies that the SEC identified as securities in its lawsuit against Coinbase and Binance. Bitstamp said:
“Update for our US users Starting August 29: AXS, CHZ, MANA, MATIC, NEAR, SAND, and SOL trading will be halted after evaluating recent market developments. Execute any open trades. Holding and withdrawing tokens afterwards will be unaffected.”
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
253 days ago • cryptodaily
Bitstamp To Suspend Tokens Identified As Securities By SEC
In a major decision taken on the 8th of August, Bitstamp has announced that it would suspend trading for several cryptocurrencies identified as securities by the SEC in cases against Binance and Coinbase.
The impacted tokens will no longer be available to trade by the end of August.
Bitstamp Moves To Suspend Tokens
According to the announcement, several prominent cryptocurrencies will soon be blocked, rendering US-based users unable to trade them. These include Axie Infinity (AXS), Decentraland (MANA), Chiliz (CHZ), Near Protocol (NEAR), Polygon (MATIC), The Sandbox (SAND), and Solana (SOL). As per the company’s announcement, after delisting the above-mentioned cryptocurrencies, the platform will offer only 30 listed cryptocurrencies. The cryptocurrency exchange urged users to execute all trades involving these tokens by the 29th of August, following which they will become unavailable.
“Update for our US users Starting the 29th of August: AXS, CHZ, MANA, MATIC, NEAR, SAND, and SOL trading will be halted after evaluating recent market developments. Execute any open trades. Holding and withdrawing tokens afterwards will be unaffected.”
According to the exchange, US trading of the tokens will be permanently disabled after the 29th of August. However, customers can still withdraw and hold the tokens after the date.
“We kindly request our users to promptly execute any desired buy or sell orders involving the affected assets before the 29th of August, 2023. After this deadline, trading activities related to AXS, CHZ, MANA, MATIC, NEAR, SAND, and SOL will be permanently disabled on the Bitstamp platform.”
“Recent Developments” Led To Decision
The announcement pointed at recent market developments as the reason behind the suspension of trading of the cryptocurrencies mentioned. While the firm did not provide a concrete reason, all of the tokens mentioned in the announcement have been alleged to be unregistered securities by the United States Securities and Exchange Commission (SEC). The Securities and Exchange Commission identified the cryptocurrencies in question as unregistered securities in separate complaints against Binance and Coinbase.
However, Bitstamp has not delisted other assets mentioned in the cases against Binance and Coinbase. These assets include Nexo (NEXO), Algorand (ALGO), and Cardano (ADA).
Other Platforms Have Also Delisted Assets
The allegations against the tokens made by the Securities and Exchange Commission have yet to be proven in a court of law. However, other platforms have voluntarily delisted specific assets mentioned by the SEC in the cases. In recent months, several platforms, including Bakkt, Robinhood, and Revolut, have delisted Polygon (MATIC), Cardano (ADA), and Solana (SOL).
The platforms seem to have delisted these three cryptocurrencies because they are among the largest assets which the SEC targets. Following the developments, projects such as The Sandbox have also started mandating Know Your Customer (KYC) verification for SAND staking. According to the SEC, a total of 68 cryptocurrencies are unregistered securities.
Crypto Projects Reject Claims
However, cryptocurrency projects have repeatedly rejected the claims made by the Securities and Exchange Commission, either directly or indirectly. The Solana Foundation, in a statement, has said that it categorically disagrees with the SEC’s observations. Cardano’s parent company IOHK has also denied ADA’s security status. Meanwhile, Polygon Labs has said its operations were focused outside the US, beyond the reach and jurisdiction of the SEC. From the looks of things, it appears that actions taken around the assets in question are precautionary, and it remains to be seen if the SEC will take any action against the tokens or platforms in the future.
SEC Action Against BinanceAnd Coinbase
The Securities and Exchange Commission’s suits against Coinbase and Binance have led to an uncertain future for major listed tokens. The regulatory body’s two lawsuits against the crypto exchanges in question have cast a long shadow on the 19 tokens mentioned in both filings. The SEC has accused Binance and Coinbase of offering unregistered securities to the public through their respective platforms. The suit once again brings into focus lingering questions about whether cryptos are a security, commodity, or otherwise.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
253 days ago • cryptodaily
Bitstamp To Suspend Tokens Identified As Securities By SEC
In a major decision taken on the 8th of August, Bitstamp has announced that it would suspend trading for several cryptocurrencies identified as securities by the SEC in cases against Binance and Coinbase.
The impacted tokens will no longer be available to trade by the end of August.
Bitstamp Moves To Suspend Tokens
According to the announcement, several prominent cryptocurrencies will soon be blocked, rendering US-based users unable to trade them. These include Axie Infinity (AXS), Decentraland (MANA), Chiliz (CHZ), Near Protocol (NEAR), Polygon (MATIC), The Sandbox (SAND), and Solana (SOL). As per the company’s announcement, after delisting the above-mentioned cryptocurrencies, the platform will offer only 30 listed cryptocurrencies. The cryptocurrency exchange urged users to execute all trades involving these tokens by the 29th of August, following which they will become unavailable.
“Update for our US users Starting the 29th of August: AXS, CHZ, MANA, MATIC, NEAR, SAND, and SOL trading will be halted after evaluating recent market developments. Execute any open trades. Holding and withdrawing tokens afterwards will be unaffected.”
According to the exchange, US trading of the tokens will be permanently disabled after the 29th of August. However, customers can still withdraw and hold the tokens after the date.
“We kindly request our users to promptly execute any desired buy or sell orders involving the affected assets before the 29th of August, 2023. After this deadline, trading activities related to AXS, CHZ, MANA, MATIC, NEAR, SAND, and SOL will be permanently disabled on the Bitstamp platform.”
“Recent Developments” Led To Decision
The announcement pointed at recent market developments as the reason behind the suspension of trading of the cryptocurrencies mentioned. While the firm did not provide a concrete reason, all of the tokens mentioned in the announcement have been alleged to be unregistered securities by the United States Securities and Exchange Commission (SEC). The Securities and Exchange Commission identified the cryptocurrencies in question as unregistered securities in separate complaints against Binance and Coinbase.
However, Bitstamp has not delisted other assets mentioned in the cases against Binance and Coinbase. These assets include Nexo (NEXO), Algorand (ALGO), and Cardano (ADA).
Other Platforms Have Also Delisted Assets
The allegations against the tokens made by the Securities and Exchange Commission have yet to be proven in a court of law. However, other platforms have voluntarily delisted specific assets mentioned by the SEC in the cases. In recent months, several platforms, including Bakkt, Robinhood, and Revolut, have delisted Polygon (MATIC), Cardano (ADA), and Solana (SOL).
The platforms seem to have delisted these three cryptocurrencies because they are among the largest assets which the SEC targets. Following the developments, projects such as The Sandbox have also started mandating Know Your Customer (KYC) verification for SAND staking. According to the SEC, a total of 68 cryptocurrencies are unregistered securities.
Crypto Projects Reject Claims
However, cryptocurrency projects have repeatedly rejected the claims made by the Securities and Exchange Commission, either directly or indirectly. The Solana Foundation, in a statement, has said that it categorically disagrees with the SEC’s observations. Cardano’s parent company IOHK has also denied ADA’s security status. Meanwhile, Polygon Labs has said its operations were focused outside the US, beyond the reach and jurisdiction of the SEC. From the looks of things, it appears that actions taken around the assets in question are precautionary, and it remains to be seen if the SEC will take any action against the tokens or platforms in the future.
SEC Action Against BinanceAnd Coinbase
The Securities and Exchange Commission’s suits against Coinbase and Binance have led to an uncertain future for major listed tokens. The regulatory body’s two lawsuits against the crypto exchanges in question have cast a long shadow on the 19 tokens mentioned in both filings. The SEC has accused Binance and Coinbase of offering unregistered securities to the public through their respective platforms. The suit once again brings into focus lingering questions about whether cryptos are a security, commodity, or otherwise.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
263 days ago • cryptodaily
LeetSwap And $BALD Rug Plague Coinbase Ecosystem
Decentralized exchange LeetSwap, built on Coinbase’s Layer 2 blockchain Base, recently suspended trading due to fears of a potential exploit. Furthermore, Coinbase and Base are also dealing with the aftermath of the SEC’s lawsuit.
LeetSwap Halts Trading Amid Security Concerns
Trouble is brewing in the Coinbase ecosystem as multiple challenges loom ahead. On the one hand, is the BALD coin crash, which has prompted leading DEX on the Base blockchain, LeetSwap, to halt trading. The DEX tweeted that they detected a security vulnerability in their factory, leading them to suspect compromised pool liquidity. As a result, trading was temporarily stopped for further investigation.
PeckShield, a crypto-security firm, reported that approximately 340 ETH (equivalent to $630,000) had been exploited from liquidity pairs on Base, highlighting the severity of the situation.
Bald Memecoin's Crash
Shortly before the trading pause, Bald, a popular memecoin, experienced a significant crash in value. The token's developer withdrew a substantial sum of 6,800 ETH ($12.5 million) from the liquidity pool on LeetSwap. This sudden move raised eyebrows and further added to the challenges faced by Base's leading DEX.
Base and Coinbase's Regulatory Woes
Base, as an Ethereum Layer 2 (L2) chain, empowers developers to build decentralized apps using Coinbase's products, users, and tools. However, Coinbase has been dealing with its own regulatory challenges after falling in the crosshairs of the U.S. Securities and Exchange Commission (SEC). The latter has demanded Coinbase suspend all cryptocurrency trading except for Bitcoin, and upon questioning the decision, the regulatory body filed a lawsuit against the exchange.
SEC’s Lawsuit Against Coinbase
According to the lawsuit filed by the SEC, the regulatory body deemed 13 assets on Coinbase, including Solana (SOL), Polygon (MATIC), Cardano (ADA), FIL, SAND, AXS, ICP, NEAR, CHZ, DASH, VGX, and NEXO, as securities. The SEC also accused Coinbase of failing to register as a broker, clearing agency, or national securities exchange, indicating that the exchange was not adhering to the established disclosure regime for the U.S. securities markets.
Coinbase CEO Brian Armstrong stated that the exchange had limited choices in dealing with the SEC's demands. Following the regulator's instructions would have set a dangerous precedent and conveyed the wrong message. Therefore, it found itself caught between compliance and potential harm to the cryptocurrency industry's principles.
Issues Pile Up For Coinbase
LeetSwap's trading halt and the exploits on Base's liquidity pairs have raised serious concerns about security vulnerabilities on the Coinbase-backed blockchain. Additionally, Bald's dramatic crash and Coinbase's ongoing legal battle with the SEC have further complicated matters for the platform. The situation highlights the challenges and uncertainties surrounding the crypto industry's regulatory landscape and emphasizes the need for continued vigilance and security measures to protect investors and users alike.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
264 days ago • cryptodaily
SEC Asked Coinbase To Trade Only In Bitcoin Before Suing Exchange
Coinbase CEO Brian Armstrong has revealed that the United States Securities and Exchange Commission (SEC) had asked Coinbase to halt all cryptocurrency trading, except that of Bitcoin.
According to Armstrong, the SEC had requested this prior to suing the exchange for failing to register as a broker.
Delist Every Asset Apart From Bitcoin
The Coinbase CEO made the revelation in a detailed interview, stating that the Securities and Exchange Commission had made the request before suing the exchange. Armstrong added that the regulator approached the exchange, stating that they viewed every other asset apart from Bitcoin as a security and asking Coinbase to delist assets it viewed as securities. When Coinbase asked how the SEC came to that conclusion, the regulator declined to explain its interpretation of the law. Armstrong stated,
“They came back to us, and they said… we believe every asset other than Bitcoin is a security. And, we said, well, how are you coming to that conclusion, because that’s not our interpretation of the law. And they said, we’re not going to explain it to you; you need to delist every asset other than Bitcoin.”
According to the lawsuit filed by the Securities and Exchange Commission against Coinbase, it viewed 13 assets as securities. The assets in question are Solana (SOL), Polygon (MATIC), Cardano (ADA), FIL, SAND, AXS, ICP, NEAR, CHZ, DASH, VGX, and NEXO. The agency also accused Coinbase of failing to register with it as a broker, clearing agency, or national securities exchange. This, according to the SEC, meant that Coinbase was dodging the disclosure regime established by the United States Congress for the US securities markets.
Not Much Choice At That Point
Armstrong added that the exchange did not have much choice at the time. He added that if Coinbase had followed the Securities and Exchange Commission’s instructions, it would set a wrong precedent and send out the wrong message. Coinbase accepting the SEC’s instructions would have meant that most businesses and entities in the crypto space would have been deemed to be operating outside the law unless they had registered with the Securities and Exchange Commission. Armstrong added that delisting every asset apart from Bitcoin would have effectively ended the crypto industry in the United States.
“We really didn’t [did not] have a choice at that point; delisting every asset other than Bitcoin, which by the way, is not what the law says, would have essentially meant the end of the crypto industry in the US. It kind of made it an easy choice… let’s [let us] go to court and find out what the court says.”
Ripple-SEC Case Provides Some Regulatory Clarity
The crypto industry in the United States has been asking the Securities and Exchange Commission for better regulatory clarity. While the SEC has not been forthcoming, the recent SEC-Ripple case ruling brought some much-needed clarity on the subject of security and non-security. In the Ripple-SEC case, the judge ruled that XRP is not a security. The asset’s sale on exchanges, distribution to developers, sales by employees, and distribution to charities were all off the radar.
However, the judge ruled that institutional sales of the XRP token were in violation of federal securities laws. After Ripple’s partial victory, many experts and industry watchers believe the ruling would benefit the Coinbase lawsuit.
SEC And Coinbase: The Case So Far
The Securities and Exchange Commission had sued Coinbase in June, alleging that the exchange allowed investors and traders to purchase, sell, and trade crypto asset securities. The filing stated that Coinbase merged three functions typically separated in traditional markets: clearing agencies, brokers, and exchanges.
“Coinbase has never registered with the SEC as a broker, national securities exchange, or clearing agency, thus evading the disclosure regime that Congress has established for our securities markets.”
The Securities and Exchange Commission filed its lawsuit against Coinbase in the US District Court for the Southern District of New York. The lawsuit alleged that the exchange violated several registration provisions of the Securities Exchange Act of 1934 and the securities offering registration provisions included in the Securities Act of 1933. At the time, Gurbir S. Grewal, the director of the SEC’s enforcement division, had stated,
“You simply can’t ignore the rules because you don’t like them or because you’d prefer different ones: the consequences for the investing public are far too great.”
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
279 days ago • nulltx
Searching Cryptocurrencies For Investment? Analyze The Growth Prospects Of Helium (HNT), Chiliz (CHZ), and Tradecurve
The crypto world is well-known for its volatility. Therefore, it becomes the responsibility of investors to analyze market trends before making an investment in any project. As the overall market is bearish, most cryptocurrencies are in the red. However, three cryptocurrencies – Helium (HNT), Chiliz (CHZ), and Tradecurve (TCRV) – have grown despite unfavorable market […]
293 days ago • cryptodaily
Chiliz 2024 Price Prediction: Uwerx Sees Over A 100% Surge
With thousands of cryptos in the dip, finding tokens that will deliver gains in the short and long term has become a hassle. However, recent analyses have pointed to Uwerx, a new crypto that has defied market odds with its presale and bullish token surpassing expectations.
The WERX token has witnessed over a 100% surge due to its utility, with analysts predicting that WERX, which started at $0.005, could reach $1 by Q1 of 2024.
This article will give deeper insights into what makes Uwerx unique, its presale, and the 2024 price predictions for Chiliz (CHZ).
>>BUY WERX TOKENS NOW>BUY WERX TOKENS NOW<<
Uwerx’s (WERX) Presale Exceeds Initial Forecasts
The speed at which Uwerx’s presale progressed is still shocking, as it started just a few months back and is now in its final round, stage 5. The increased demand for WERX has led to increasing the presale WERX quantity to 427.5 million. 72.5 million WERX is available in stage 5, and WERX total supply is 750 million.
The WERX price has tremendously increased, as it is now at $0.047725, a huge surge from the starting price of $0.005. The same goes for its launch price, as WERX is set to launch at $0.095 - $0.115. There is an ongoing 15% purchase bonus to further benefit users at the current presale stage.
Uwerx (WERX) Has Competitive Advantage Over Centralized Freelancing Platforms
A recent report shows that 71% of companies hire freelancers to increase business agility, especially during economic uncertainty. These companies will usually go to freelancing platforms that provide better working conditions and services at a subsidized rate, which is why Uwerx will gain massive adoption.
Uwerx will be the first decentralized freelancing platform as it integrates blockchain technology. It will charge only a 1% service fee against the 10 or 20% charged by centralized platforms. Another innovative feature of this project is the Uwerx Vault, which is similar to the concept of staking. The Vault acts as a storage for users to store their tokens while simultaneously providing rewards.
Uwerx’s Alpha version has been launched and now has features such as Freelancer Profile Creation, Hiring Dashboard Page, Forgot Password, Sign-Up and Logging Pages, Initial Step of Job Creation, Freelancer or Client Initiation, Job Creation Process Page, My Activity Page, Settings, Initial Step of Finding Talent, Milestone, and Application Boosting using the WERX token.
The Job Creation Page was revamped to the Post Job and Apply Page to make it easier for freelancers to apply for jobs. Features like Freelancer and Client Dashboards and Tools will soon be released.
The platform has gained over 1,825 Telegram members, 1,652 Twitter followers, and 6,953 sign-ups. SolidProof and InterFi Network have conducted audits on Uwerx and approved its security.
Uwerx will soon be transitioning to its Beta version, which is now in the works. This will allow users to test the platform. Many developments have been made, and users will be updated soon.
The project’s success also follows the agile methodology the developers use to release the project in bits while making improvements following users’ feedback. The team is user-based, welcoming users’ feedback and putting them into action. This feedback can be sent to their email, [email protected].
Following a modification of the WERX allocations, the team re-assigned only 7% of the total WERX allocation to themselves (previously 8%) and locked their token share, which will last for nine months. This action was hastened by the 82.8% of the community who voted for them to start before the presale ended, and it began on June 7. The presale ends on July 31.
The team will give up the ownership of the smart contract immediately after Uwerx launches on centralized exchanges. Also, a Test Airdrop will be conducted to validate receiving wallet addresses for users after 98.2% of the token holders voted for this.
Uwerx has all it takes to become a dominating force in the freelancing industry with its fundamental advantages over traditional freelancing platforms. Indeed, it is poised for massive adoption.
Its presale is the best opportunity to enter this blue-chip future at an extremely good price. Solook no further! Purchase the WERX token now for a 15% purchase bonus.
To join the presale, follow the links below:
Website: https://www.uwerx.network
Presale: http://invest.uwerx.network
Telegram: https://t.me/uwerx_network
Twitter: https://twitter.com/uwerx_network
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
296 days ago • nulltx
Top Only Fans Model Buys $10,000 worth of Alex The Doge (ALEX) and Chiliz (CHZ) Tokens, Analyst Explains why
In a surprising crossover between digital entertainment and cryptocurrencies, a top Only Fans model has reportedly invested $10,000 in Alex The Doge (ALEX) and Chiliz (CHZ) tokens. This unexpected news not only demonstrates the broadening appeal of cryptocurrencies but also signals some potential avenues for growth. This article delves into the reasons behind this investment […]
317 days ago • nulltx
BitDAO (BIT) And Chiliz (CHZ) Loses as Investors Troop to the Ongoing Sparklo (SPRK) Presale to Make Profits
Holders of BitDAO (BIT) and Chiliz (CHZ) are crossing over to the latest jewel in the crypto market which is Sparklo after unconvincing price performances of both coins. Sparklo has emerged as the best alternative for many investors who are dissatisfied with the performance of their portfolio and the token has been living up to […]
About Chiliz?
The live price of Chiliz (CHZ) today is 0.113358 USD, and with the current circulating supply of Chiliz at 8,888,289,967.12 CHZ, its market capitalization stands at 1,007,558,308 USD. In the last 24 hours CHZ price has moved 0.000604 USD or 0.01% while 50,522,976 USD worth of CHZ has been traded on various exchanges. The current valuation of CHZ puts it at #85 in cryptocurrency rankings based on market capitalization.
Learn more about the Chiliz blockchain network and how it works or follow the price of its native cryptocurrency CHZ and the broader market with our unique COIN360 cryptocurrency heatmap.
Chiliz is a leading digital currency for sports and entertainment which runs on the Ethereum blockchain and Binance Smart Chain (BSC). Founded by current CEO, Alexandre Dreyfus in 2018, the company is part of the Malta-based Mediarex Group which was established back in 2012. The platform has partnered with some of the biggest sports and e-sports teams, such as AC Milan, Manchester City, NAVI, PSG, and many more. Chiliz has also brought on board some well-known personalities in the sports and gaming industry such as Sam Li, former Vice President (VP) of the NBA, Nicolas Maurer, CEO of e-sports team Vitality, and Dr. DisRespect to help promote the platform's native CHZ cryptocurrency while lending expertise in their respective fields.
Leveraging blockchain technology, Chiliz provides a platform where fans can engage directly with their favorite sports teams. Fans can purchase fan tokens for their favorite team through Socios.com using their CHZ tokens. Fan tokens give their respective holders the ability to vote on decisions presented by the club, such as starting lineups, new kit designs, stadium names, and much more.
Fan tokens give sports enthusiasts the chance to have more influence and presence over the operations and decisions of their favorite teams. They also give sports franchises who partner with Chiliz the opportunity to customize the real-world experiences their fan tokens provide while allowing them to monetize their audiences in new and more creative ways.
In 2018 Chiliz hosted a private token sale, raising just above $66 million with Binance, OK Blockchain Capital, and FBG Capital being the top participants.
CHZ price
According to our CHZ/USD live price chart, the token started trading in 2020 with a high of $0.007 on January 1, and went up to $0.02 by February 13. However, the Coronavirus pandemic throttled the global economy and crypto markets in mid-February with BTC dropping as low as $3,700 and CHZ price falling to $0.003.
But as the stock market started to show signs of recovery in April, the crypto market followed its lead with the price of CHZ going from $0.006 in March 2020 to around $0.022 in August 2020 — registering a gain of 269%. Nonetheless, the token witnessed another drop in Q3 of 2020, before setting in motion a new rally when it went from $0.01 on Nov. 6, 2020 to $0.03 on Dec. 29, 2020 — marking a gain of 210% and finally breaking the $0.02 resistance mark.
CHZ price saw significant gains in Q1 of 2021 when it went from $0.02 on Jan. 16 to $0.9 on March. 12, registering a whopping 4900%+ gain in just 55 days. This was an all-time high for CHZ putting the token's fully diluted valuation at $7.9 billion. However, this rally came to an end as the crypto market was hit by a severe crash in May 2021, shifting the market sentiment in favor of bears. The token saw significant losses as it dipped down to around $0.16.
Chiliz cryptocurrency continued this turbulent ride through the rest of the year, recording two noteworthy spikes in Autumn, $0.4 on Sept. 6, 2021, and $0.6 on Oct. 30, 2021, before the crypto market crashed again and continued to plummet as it entered 2022.
The token continues to hold a decent spot in the cryptocurrency market, ranking in the top 100 while trading just above the $0.1 mark.
How CHZ works
The CHZ token is unique in the sense that it operates both as an ERC-20 token on the Ethereum blockchain and as a BEP-2 token on the Binance Smart Chain (BSC). CHZ powers Socios.com where users can buy fan tokens of their favorite teams by spending their Chiliz tokens. However, these fan tokens are first verified and minted on the Socios sidechain which uses the proof-of-authority (PoA) consensus protocol.
Proof-of-authority is a reputation-based consensus protocol that focuses on providing a practical and efficient solution for blockchain networks. Unlike proof-of-work (PoW) and proof-of-stake (PoS) where users stake tokens to become validators, PoA leverages the reputation of validators. This means each node/validator undergoes a complete identity disclosure and is selected as a trustworthy entity randomly. The algorithm relies on a small number of block validators who have proven their authority to verify transactions on the blockchain, making the system highly efficient, scalable, and robust with very little fault tolerance.
While this allows for faster transaction processing, PoA has been adopted by very few blockchains like VeChain (VET) and Energy Web Token (EWT), due to the lack of decentralization it offers.
Multiple sports and entertainment organizations around the world have held Fan Token Offerings (FTOs) for their loyal fans, like FC Barcelona, Golden State Warriors, and many more. Each organization has the ability to customize its fan tokens' price, supply, rewards, and the options the fan token offers. These tokens can be used for meet and greet, voting on the future of the team, or as a collectible.
CHZ news, updates, and highlights
On Feb. 13, 2020, FC Barcelona — one of the biggest football clubs — announced that it would be diving into crypto, partnering with Chiliz blockchain to create its own Ethereum-based Barca fan token (BAR). The Spanish powerhouse said that Barca fan tokens would be available worldwide through a Fan Token Offering (FTO). The announcement was made at Barcelona's home stadium, Camp Nou, and was attended by Josep Pont, Board of Directors member and head of the Commercial Area of FC Barcelona, and Alexandre Dreyfus, CEO of Chiliz.
UFC announced through its website on May 6, 2020, that it would be partnering with leading FinTech blockchain company Chiliz to launch its official Mixed Martial Arts (MMA) fan token. Minted on the Chiliz blockchain the token would have a maximum supply of 20 million, enabling fans the opportunity to access exclusive content, VIP rewards, fan voting, and more. Alexandre Dreyfus said, “...This exciting partnership is the first major example of how we can use blockchain technology to create incredible engagement opportunities not only for our Fan Token partners but for other leading enterprises, too.”
On July 22, 2021, Inter Milan, one of the top Italian clubs in the Seria A league, confirmed that they would be partnering with Chiliz for their 2021/2022 season. Through this partnership, the Italian club will promote its INTER fan token, which is limited to 1 million tokens and is expected to launch soon. The INTER fan token will allow Inter Milan’s supporters to interact with the club on a more personal level and become part of the club's vibrant community on Socios.com.
Frequently asked questions about CHZ
Can you mine or stake CHZ?
You cannot mine or stake CHZ since it uses the proof-of-authority consensus mechanism. However, there are various platforms where you can stake your CHZ tokens to earn passive income.
What are some of the best CHZ wallets?
According to the Chiliz website, the company recommends ZenGo or TrustWallet if you are looking for a software wallet that you can also use on your phone. If you are more interested in cold wallets then Ledger Nano S and Trezor One are excellent options.
What can you do with CHZ?
You can use your CHZ tokens to buy fan tokens for your favorite team or organization from the Socios.com platform. You can also trade them against other cryptocurrencies like BTC, ETH, and USDT on various custodial exchanges.
How to buy CHZ?
You can buy CHZ against CHZ/BTC, CHZ/ETH, and CHZ/USDT trading pairs on exchanges like Binance, HitBTC, and MEXC, or by using fiat currency with on-ramp services.
| Chiliz Price | 0.113358 USD |
| Market Rank | #85 |
| Market Cap | 1,007,558,308 USD |
| 24h Volume | 37,473,651 USD |
| Circulating Supply | 8,888,289,967.12 CHZ |
| Max Supply | 8,888,888,888 CHZ |
| Yesterday's Market Cap | 967,988,608 USD |
| Yesterday's Open / Close | 0.108302 USD / 0.108906 USD |
| Yesterday's High / Low | 0.11079 USD / 0.10006 USD |
| Yesterday's Change | 0.01% ( 0.000604 USD ) |
| Yesterday's Volume | 50,522,976 USD |
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