Chiliz (CHZ) is a project you might not know. It is the native token (now with its own network) of the Socios.com app, a platform that allows you interact with your favourite sports team with polls, prizes and so on.
The platform is quite interesting. It basically allows you to do two things. One, you can buy your team token in the same way you’d buy your favourite company’s stock, and two, it allows you to spend those tokens to get signed merch, influence your team’s decisions when it comes to certain things and win prizes.
Yesterday, CHZ surpassed 10 million on-chain transactions and claimed a 7-month high because the CEO of the crypto project said a potential merger with Klaytn, a high-speed, low-fee network, is on the horizon.
I hold some Klaytn (KLAY) simply because it is one of the coins available at the only faucet I still use daily.
The merger, should it go ahead, would give CHZ and Klaytn access to 250 million users and 420 dApps.
At the time of writing, CHZ trades at around $0.10. It’s still down from its ATH of $0.878 but let’s face it, these ATH were reached during the 2021 bull run and they’re quite frankly unrealistic, at least in the foreseeable future.
Do you hold any CHZ or KLAY?
bitcoinea 
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