The blockchain-based fan engagement platform Socios.com obtained 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 obtainable for spot buying and selling towards 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 have interaction 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 workforce 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 response to 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 many others., throughout the pandemic.
Acknowledging the function of Chiliz in selling blockchain expertise, CEO of OKEx Jay Hao stated, “Chiliz has uncovered one other key use case for blockchain expertise 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 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 help 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, might be eligible for the giveaway program. As much as $10,000 price of Fan Tokens is earmarked for referral rewards.
OKEx might be activating CHZ withdrawals on the platform beginning 10 AM UTC on March 4, 2021.