In the first week of May, CHZ coin has performed well in the bear market and its price has rallied by 25%. It’s believed that this positive performance is due to its announcement that it will be listed on the biggest cryptocurrency exchange in terms of trading volume – Binance. Being listed on Binance means that many investors around the world can buy CHZ directly with their money and start staking CHZ to earn passive income.
What is Chiliz Chain.
Chiliz Chain is an investment-based cryptocurrency that offers 100% liquidity and in-app utility.
The company includes a trading platform where investors can trade various currencies, including Chiliz Coin.
Chiliz Coin holders will be able to use their coins to purchase in-app items on the Chiliz Trading Platform, which is scheduled to launch soon.
To date, CHZ has raised $4 million USD from institutional investors and strategic partners.
With CHZ’s blockchain launching in Q1 2019, it seems there are many reasons for investors to stay optimistic about this cryptocurrency.
CHZ coin Staking and Governance
The Chiliz team is excited to announce that we are moving forward with our governance and staking system.
We have been looking for an appropriate way to reward investors for their contributions to the ecosystem and to be able to offer them greater control over their investment.
With this new system, investors will be able to stake their tokens in order to vote on certain issues like implementing a new feature or electing people as validators.
They will also be able to vote on specific proposals like which projects they want funding from the next round of investments, and how much they want invested in each project.
Our ultimate goal is for Chiliz Chain’s stakeholders (investors) to have direct control over all decisions made by the token holders that govern our ecosystem.
While these decisions may seem small at first, every one of them has the potential to shape the future of CHZ and its long-term value for both consumers and merchants around the world.
By voting on these proposals you’ll be giving yourself more power to grow your investment at a faster rate.
In addition to offering incentives for voters, this proposal will allow us to award voters with increased voting weight based on how many tokens they stake in support of it.
You can expect us to do everything possible so that our governance model is stable and healthy going into future rounds of voting! It is vital that our ecosystem remains fair and transparent while we work towards building a sustainable environment.
In just five days after the announcement, there was already 14% interest in participation from investors.
At some point there were 2,000 votes cast per minute.
We’re glad to see enthusiasm for the idea because those who invest early will have a higher say in important development milestones than later participants who decide to join later.
Investing early not only gives you a larger voice when making important decisions but also leaves room for higher returns when investing during bull markets!
The Price of CHZ
CHZ is an Ethereum-based gaming company that uses blockchain technology to provide transparency and efficiency to gamers.
The company had its token sale in December 2017, which was one of the most successful of all time.
Chiliz Chain is an ERC-20 token that will be used for staking and governance on Scoville, the first game from Chiliz.
The price of CHZ has rallied by 25% in the last week as investors anticipate release of their game Scoville and introduction of staking and governance features on April 23rd.
At present, traders are anticipating huge amounts of initial demand for these new features.
Furthermore, developers have found a way to address scalability issues within smart contracts using virtual machine extensions like ETH VM extensions – eWASM or WebAssembly (coming later this year).
These advances will also help drive demand for the Chiliz Chain and incentivize more holders onto its network.
In addition, updates to the SDK may introduce additional ways of earning through Chiliz Chain use on top of staking; and games built on both desktop and mobile platforms could lead to strong user adoption.
Investors can enjoy their current position while they wait out some rough patches in the broader cryptocurrency market because CHZ remains well positioned for growth in 2019.
For example, there are ongoing discussions between Coinbase and Fidelity Investments about launching a crypto trading platform.
There’s also been talk among social media giants Facebook and Google about entering the space as well.
That would create major disruptions not only in retail markets but also among institutional investors who could see access to higher levels of liquidity than ever before.
More liquidity means more buy pressure which would push prices higher. Furthermore, in order to maintain compliance with regulators, it’s likely we’ll see limitations placed on how many coins can be traded per day.
As people start spending up to $1 million per coin, that limit could keep people off exchanges during peak hours and put pressure on other coins.
Chiliz Chain is primed for bullish activity when volume starts decreasing across the board due to limits being placed on trades at peak hours.
The Future of CHZ
The Chiliz Chain will solve many of these pain points for both users and developers.
The Chiliz Chain will be scalable, enabling DApps to reach an audience of billions on-chain, while maintaining high throughput.
It will also have built-in sharding and staking capabilities, enabling transactions to happen instantly and without fees in all circumstances.
To top it off, the Chiliz Chain will have multiple consensus mechanisms available to choose from, depending on your requirements.
Whether you need fast but not private transactions, or you need to make sure that your data is confidential and immutable, the Chiliz Chain will have options for you.
Developers can also tailor their apps’ features by choosing from a range of programming languages, including Solidity (Ethereum), Rust (Bitshares), Python (Bitcoin) and more.
All this functionality means that dApp development should be more accessible to everyone; allowing anyone who has ideas or business plans to quickly build an app with no fuss!
With built-in micropayments, social media bots and marketing tools, the Scoville platform could become a marketplace where businesses would transact easily through crypto rather than fiat currencies.
Additionally, the Chiliz Chain would provide enterprise level scalability for corporations such as Microsoft Azure.
With everything under one roof – from creation to deployment – Scoville could become the premiere platform for decentralized application building.
Considering the scarcity of blockchain talent in today’s climate, this could be invaluable for organizations looking to get ahead of the curve. Furthermore, the Chiliz Chain provides numerous opportunities for content creators, video producers, advertisers and even end consumers alike.
For example, content creators may find it easier to monetize their work because of user base size and cross-border payments that are enabled by CHZ.
Advertisers will enjoy being able to advertise to those same large audiences while keeping track of user data using smart contracts.
Lastly, end consumers will benefit from having access to premium content on the new web without paying subscription fees thanks to digital tokens and peer-to-peer streaming technology.