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Wednesday, 17 Nov 2021
Crypto Notes
Crypto Notes ₿ by Rohas Nagpal
By Rohas Nagpal
Good morning!

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All about Chiliz (CHZ)

Over the last few weeks, we discussed Dogecoin (DOGE), Cardano (ADA), Binance Coin (BNB), Solana (SOL), Bitcoin (BTC), Ether (ETH), Filecoin (FIL), Polkadot (DOT), Polygon (MATIC), Chainlink (LINK), Theta, the top Metaverse cryptos, and the top DeFi protocols.

     

Let's start with some interesting crypto news.

The most important news in the crypto world is Bitcoin's Taproot upgrade. This tech upgrade will improve the efficiency and privacy of bitcoin transactions.

In India, a Parliamentary Standing Committee on Finance, held a discussion with industry organizations and cryptocurrency specialists to discuss crypto regulation.

1. What is Chiliz (CHZ)?

Name: Chiliz

Symbol: CHZ

Overview:

Socios is a "sports fan engagement platform" that enables sports & esports fans to "crowd-manage" their favorite teams. Chiliz (CHZ) is the cryptocurrency that powers the Socios platform.

Sports fans can buy "fan tokens" from teams like FC Barcelona, Juventus, Paris Saint-Germain, AS Roma, Galatasaray, Atlético de Madrid, OG, CAI & UFC. Fan tokens are minted on the Socios sidechain which uses a proof-of-authority consensus mechanism.

CHZ is available on Ethereum, Binance Smart Chain, and Tron.

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2. Metrics

As of 16 November, its core metrics are:

Price metrics

Current Price $ 0.50
All-time high (Mar 13, 2021) $0.8915
All-time low (Sep 27, 2019) $0.004

Supply metrics:

Circulating supply 5.9 billion CHZ
Total supply 8.89 billion CHZ
Maximum supply 8.89 billion CHZ

Note:

Circulating Supply is the number of coins / tokens in public hands.

Total Supply is the number of coins / tokens created minus the number burned.

Maximum Supply is the maximum amount of this crypto that can ever exist

Figures have been rounded off for convenience

Marketcap & Volume metrics:

Market Cap: $ 2.99 billion
Fully Diluted Market Cap: $ 4.48 billion
Volume (24h): $ 937 million
Volume / market cap ratio: 0.3128

Note:

Market cap = Current Price x Circulating Supply

Fully Diluted Market Cap is the market cap if the maximum supply was in circulation

Volume (24h) is the fiat value of this crypto traded over the last 24 hours

Volume / market cap ratio = 24h Volume / Marketcap

Figures have been rounded off for convenience

3. Wallets

The officially recommended wallets are ZenGo and Trust Wallet.

Note: The data/graphs are from CoinMarketCap, Messari, and Future Money Wallet.

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The author is an amateur boxer, a blockchain architect, a Tintinologist and a retired hacker.

     

Written by Rohas Nagpal. Edited by Saikat Chatterjee. Produced by Nirmalya Dutta. Send in your feedback to newsletters@livemint.com.

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