Chillz - Blockchain for Sports Industry

Chiliz ($CHZ) is a blockchain platform that powers Socios.com through which fans can interact with their favorite teams in unique ways. A universal sports and esports 'crowd-control' engine capable of giving fans voting rights to guide some of their favorite teams' management and strategy decisions.

Chillz Chain- It was built to connect like-minded stakeholders across sports and entertainment on the same protocol. Chillz chain operates on a Proof-of-Staked Authority (PoSA).

It is a consensus mechanism that combines PoS and PoA. Validators can vote on proposed changes to the network (called "proposals").In the Chiliz Chain, there can be a maximum of 11 block-creating validators. validators stake tokens and are selected based on reputation and stake.

Penalties on Chillz Chain

Missed Blocks - If the validator misses 14400 blocks per epoch, they will lose Epoch rewards.

Extended Downtime- If a validator misses 21,600 blocks per epoch, they are "jailed" for 7 epochs.

Staking Reward-

Staking rewards refer to the rewards received by wallets that are locking or staking their CHZ in the staking pool contract. Staking rewards come from the CHZ used in gas fees paid for each transaction on the chain.

A platform where fans get a direct Vote in their favorite sports organizations, connect, and help fund new sports and esports entities. Fan tokens are digital assets built on the Chillz chain. It is helpful for unique rewards and voting to select your favorite players predict results and play exclusive games.

CHZUSD  gained more than 45% in this month. The pair holds well above the short-term (21 and 55 EMA) and long-term moving average. It hit a high of $0.1029 and is currently trading around $0.1011.

The bullish invalidation can happen if the pair closes below $0.070. On the lower side, the near-term support is $0.080. Any break below targets $0.07. Significant downtrend if it breaks $0.050.

The immediate resistance stands at around $0.10. Any close above confirms a minor pullback. A jump to $0.150/$0.180  is possible. A surge past $0.20 will take it to $.30.

It is good to buy on dips around $0.090 with SL around $0.070 for TP of $0.1480.