Chiliz

Chilliz's blockchain and digital network allow hundreds of millions of sports fans to vote directly for their favorite team's specific issues, such as being satisfied with the logo redesign, changing players' uniforms or the location of the next matches, and so on to communicate with their favorite clubs. This company has been able to enter into contracts and cooperate with 12 big teams. The collaboration with football stars led to the rapid growth of the platform, as well as to attract other teams.

While Chilliz started with football as its first direct sport, it plans to add other sports such as baseball and basketball. From May 20, the platform will include NASCAR and Formula 1 racing, as it has added several racing teams. Formula One team Aston Martin Cognizant and Alfa Romeo Racing ORLEN are the first Formula 1 team in the world to launch Fan Tokens.

Socios platform

The Socios platform was designed to provide votes for Fan Tokens owners. Socios focuses on sports club management tokens because the development team believes that using blockchain technology can solve problems with fan-based decision-making and transparent voting. The fan tokens were developed to provide voting power and work on the Proof-of-Authority authorized blockchain.

How does the Socios platform work?

The first teams to use the Socios platform were Paris Saint-Germain and Juventus, who both created Fan Tokens to create a voting economy in the system.

Each of them has created several predefined signs to get a certain amount of votes for their fans.

Each team that joins the operating system must decide how much influence it will have on fans when creating a Fan Token base.

Fans will then use the operating system to purchase Fan Tokens using native CHZ tokens.

Each Fan Token gives fans a certain amount of votes to direct to interact with the polls and decisions submitted by the main team.

Historical backgrounds

Above are some examples of sports voting rights that use the Socios method. For example, FC Barcelona, Real Madrid, FC Porto, and SL Benfica are all partly run by fan/owner groups that actively participate in the management of teams by voting and electing board members and team leaders. This is a kind of indirect management of teams that influences some decisions.

As more and more sports teams join the Socios operating system, it adds to the success of the ecosystem and allows it to grow rapidly.

The team offers a range of exciting technology, career development, market potential, and team experience that are very useful for creating new partnerships and enthusiasm from fans participating in the operating system.

Given the recent rise in the price of the chilliz (CHZ) as well as the fact that it remains in a downtrend, investors may want to lag.

With the current volatility in the digital currency markets, you may need to wait for things to calm down to prevent your assets from collapsing.

While the manufacturing team continues to add new partners to the operating system, they are also creating new values that undermine the long-term success of Socio and Chilliz.