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ChiliZ ICO Evaluation

Published 11 months ago by writer

ChiliZ aspires to create a crowd-control eSports ecosystem, where the fans have a tangible influence on their favorite team’s management. The ChiliZ ecosystem is comprised of four major components: the Voice mechanism (Voice Queue and Voice Marketplace), the main Ethereum blockchain, the permissioned sidechains, and the ChiliZ tokens. The Voice Trading Floor enables fans to auction off Voices under their control, and thus to leverage their position to exchange Voices for ChiliZ at ‘above prime’ rates.

For example, fans can offer for a minimum ‘buy-out’ 2 ChiliZ tokens for a given Voice and leave the rest to a public ‘highest bidder’ auction. However, the Voice Queue guarantees fans Voices at their ‘prime’ rate: 1 ChiliZ token = 1 Voice. The ChiliZ ecosystem will be powered by two types of token: To sum it all together, on a functional level the ChiliZ platform will serve as a bridge which enables the exchange of ChiliZ tokens and Voice tokens (and vice versa): Ecosystem’s Participants The ChiliZ platform will be powered by the following participants: The GPL is a native League, powered by the ChiliZ platform, where all teams are controlled directly by fans.

Every user in the GPL will have access to a personalized dashboard from which they can utilize every component of the platform – trading team Voices, entering leaderboard leagues and playing challenges. Though ChiliZ is well positioned to penetrate the huge E-Sports market through their established partnerships and their experienced team, the high hard cap will lead to less growth potential for the project once the token reaches the exchanges. The ChiliZ team also consists of esports celebrities with millions of followers and is backed by reputed shareholders. Coin spectator is an automated news aggregation service. All copyrights belong to their respective owners. Images and text owned by copyright holders are used in reference to and promotion of those respective parties. Read in Full

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