Chiliz (CHZ)

Dr. Doom 268

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Dr. Doom posted on February 09, 2019 08:01:10

Socios.com does have a partnership with Paris Saint Germain and Juventus already, so it seems! They claim not to be competing with the existing eco system, rather adding to the fan engagement. And sports fans are quite committed to their teams, so any club specific tokens that give rights in the decision making process of their team, I could totally see that be a huge thing. Same as crypto space, sports Click here to see more... is also a space fueled by tribalism, so they do fit well together. Good point that they didn't raise money from retail investors. Overall I can see this project become successful because it looks pretty clever. The CHZ coin is Proof of Authority so imo far removed from the purpose of cryptocurrency, not even sure if the CHZ token is even needed as functional component. Which leads to the next question, why is it not even on coinmarketcap? is it even listed on any exchange at all? Once again, looks like a cool, legit project, I do not believe it is a scam at all acually, but because I have some concern about the coin's validity as cryptocurrency and therefore its underlying value for an investor (if it even ever becomes available to trade), I would need more refined research tbh. That's why I also can't give it the highest score, although I was tempted in all honesty.

stellarowl12 221

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stellarowl12 posted on February 08, 2019 13:52:57

This is a very interesting project with a legit existing partnership - Socios.com. They are doing tokenized voting rights starting with football teams. Reason I'm putting slightly shady is two-fold: 1) It remains to be seen the extent of voting rights for major football clubs and whether more clubs will join this model and 2) they are using private blockchain Proof of Authority instead of public blockchain Click here to see more... on open Ethereum. (they have ERC20 token) Oh but I do like that they didn't need a public sale at all though. Only private sale and airdrops. Public sales = higher chances of hurting the public.