The blockchain-based fan engagement platform Socios.com acquired an enormous increase after its native asset Chiliz (CHZ) was listed on OKEx – a number one world crypto trade and derivatives buying and selling platform. The favored digital foreign money for the sporting and leisure industries, CHZ turned accessible for spot buying and selling in opposition to USDT and BTC at 10 AM UTC on March 3, 2021.
The CHZ blockchain’s Socios.com permits sporting groups and golf equipment to create Fan Tokens to attach and interact with their followers. These Fan Tokens will act as membership playing cards, offering its holders with the privilege to take part in varied decision-making processes of their favourite groups. As well as, fan token holders may even be eligible for unique entry to crew occasions, merchandise and different rewards. Socios.com has already partnered with a few of the greatest sporting groups and golf equipment together with the likes of AC Milan, FC Barcelona, Juventus, UFC and extra.
In keeping with Chiliz, their Fan Token mannequin has additionally helped sporting organizations unlock new income streams, enabling them to beat losses within the type of poor ticket gross sales, misplaced sponsorship offers and so forth., in the course of the pandemic.
Acknowledging the function of Chiliz in selling blockchain know-how, CEO of OKEx Jay Hao mentioned, “Chiliz has uncovered one other key use case for blockchain know-how exhibiting how the sports activities and leisure industries can adapt to an more and more digital world and create new income streams past conventional sources. As increasingly more followers start to have interaction with golf equipment and groups via fan tokens, the usage of cryptocurrencies turns into constantly extra mainstream. OKEx couldn’t be happier to assist this essential initiative.”
Celebrating the brand new itemizing, OKEx is distributing $150,000 price of Fan Tokens to the CHZ neighborhood members via fortunate draw. Customers depositing or buying and selling CHZ on OKEx till March 10, 2021, shall be eligible for the giveaway program. As much as $10,000 price of Fan Tokens is earmarked for referral rewards.
OKEx shall be activating CHZ withdrawals on the platform beginning 10 AM UTC on March 4, 2021.