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Chiliz, a sports digital currency platform, posted a strong performance in the last 24 hours, winning 14.8% to lead the top 100 tokens.
CHZ’s hourly chart analysis showed that this was mainly due to the 16% upside of the candle at 14:00 (UTC) on October 30th. The uptrend he gave up most of the day’s gains after peaking at $0.2426 in the early hours of October 31st.
Since Oct 22, CHZ has been on an upward trend after hitting a local bottom of $0.1624. FIFA World Cup.
The tournament begins on November 20th, with 32 national football teams competing for the crown of world champions.
Chiliz is primarily known for Club Fan Tokens, Argentina and Portugal I have signed up.
Additionally, the project recently announced the following testnets: Chiliz Chain 2.0called Scoville, is designed to open up the CHZ blockchain beyond the current guise of in-app currency.
Not only did the upcoming World Cup benefit, but so did Chiliz tokens. Scoville Testnet Phase 4 (Cayenne) will be released on October 24th.
The testnet is Chiliz Chain 2.0It replaces the existing blockchain and future-proofs the network for Web3 development.
“Chiliz Chain 2.0’s goal is to become the leading blockchain for enterprise-level sports and entertainment brands that want to create a Web3 ecosystem where stakeholders can build Web3 experiences within a secure, network effect-driven community.“
The upgrade will open up a previously closed system, allowing developers to build dApps and products dedicated to over 150 Fan Tokens.
this is Proof of Stake (PoSA)) consensus mechanism introduces a network of 11 validators. A native CHZ token that works for gas payments and staking.
A final deployment date has not yet been given.
The XXII FIFA World Cup will be held in Qatar, making it the first World Cup to be hosted by an Arab country.
As far back as 2010, Qatar’s bid to host the games washigh operational risk by the Governing Body.But despite concerns, Qatar still won the majority of votes in each voting round, beating the US 14-8 in the fourth and final ballot.
As a result, accusations of bribery and corruption were made.However, inside FIFA research Cleared the fraud bidding process.
Still, the allegations of wrongdoing didn’t stop.of U.S. Department of Justice Participated in prosecution proceedings against FIFA officials and corporate executives for “blackmail, wire fraud and money laundering conspiracy, among other crimes”.
Despite being marred by controversy, the World Cup remains an important global event that provides a much-needed overall boost following the challenges of recent times.
and medium post Starting in 2018, football critic Sam Iyer Sequeira noted the World Cup’s impact on bringing people together regardless of socioeconomic background, religious beliefs, race or gender. This is what the world needs more than ever.
The bottom line is that in many countries, football has had a tremendous impact on bringing people together and escaping real problems.
