{"id":271443,"date":"2022-10-31T13:00:37","date_gmt":"2022-10-31T13:00:37","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=271443"},"modified":"2022-10-31T13:06:01","modified_gmt":"2022-10-31T13:06:01","slug":"world-cup-build-up-testnet-launch-catapult-chiliz-15-higher-to-lead-top-100","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/world-cup-build-up-testnet-launch-catapult-chiliz-15-higher-to-lead-top-100\/","title":{"rendered":"World Cup build up, testnet launch catapult Chiliz 15% higher to lead top 100"},"content":{"rendered":"

Sports digital currency platform Chiliz posted a strong performance over the last 24 hours, gaining 14.8%<\/a> to lead the top 100 tokens.<\/p>\n

The CHZ hourly chart analysis showed this was mainly due to a 16% upside swing on the Oct. 30, 14:00 (UTC) candle. The uptrend peaked at $0.2426 in the early hours of Oct. 31 before giving up most of the day's gains.<\/p>\n

\"Chiliz
Source: CHZUSDT on TradingView.com<\/figcaption><\/figure>\n

Since Oct. 22, having hit a local bottom of $0.1624, CHZ has been trending upwards as football fever builds in anticipation of the FIFA World Cup<\/a>.<\/p>\n

The tournament will start on Nov. 20 and will see 32 national football teams compete to be crowned world champions.<\/p>\n

Although Chiliz is primarily known for club fan tokens, the national football teams of Argentina and Portugal<\/a> have signed up.<\/p>\n

In addition, the project recently announced a testnet of Chiliz Chain 2.0<\/a>, dubbed “Scoville,” which is designed to open up the CHZ blockchain beyond its current in-app currency guise.<\/p>\n

Chiliz Chain 2.0<\/h2>\n

As well as the coming World Cup, the Chiliz token also benefited from the Scoville Testnet Phase 4<\/a> (Cayenne) going live on Oct. 24.<\/p>\n

The testnet is the forerunner to the Chiliz Chain 2.0<\/a>, which will replace the existing blockchain and future-proof the network in preparation for Web3 development.<\/p>\n

“The goal of Chiliz Chain 2.0 is to be 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 secured network-effect-driven community.<\/span>“<\/p><\/blockquote>\n

The upgrade will open up the previously closed system, enabling developers to build dApps and products specifically for the 150+ fan tokens.<\/p>\n

Its Proof of Staked Authority (PoSA<\/span>) consensus mechanism will introduce a network of 11 validators, with the native CHZ token operating for gas payments and staking.<\/span><\/p>\n

A final rollout date has yet to be given.<\/p>\n

World Cup remains a substantial global event despite scandal<\/h2>\n

The 22nd FIFA World Cup is scheduled to occur in Qatar, marking the first World Cup hosted by an Arab nation.<\/p>\n

As far back as 2010, Qatar's bid to host the games was labeled “high operational risk<\/a>” by the governing body. But despite the concerns, Qatar still received the majority votes at each round of voting, beating the U.S. 14-8<\/a> in the fourth and final voting round.<\/p>\n

The result drew accusations of bribery and corruption. However, internal FIFA investigations<\/a> cleared the bidding process of any wrongdoing.<\/p>\n

That did not stop allegations of foul play. The U.S. Department of Justice<\/a> weighed in on proceedings with indictments against FIFA officials and corporate executives for “racketeering, wire fraud and money laundering conspiracies, among other offenses.”<\/p>\n

Despite being marred by controversies, the World Cup remains a significant global event that will provide a much-needed collective boost following the challenges of recent times.<\/p>\n

In a Medium post<\/a> from 2018, football pundit Sam Iyer Sequeira referenced the World Cup's impact in uniting people regardless of their socioeconomic background, religious beliefs, race, and gender – something the world needs now more than ever.<\/p>\n

“All in all, what can be concluded is that football has such a huge impact in so many countries of uniting people together and helping escape from the issues of reality.”<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"

Sports digital currency platform Chiliz posted a strong performance over the last 24 hours, gaining 14.8% to lead the top 100 tokens. The CHZ hourly chart analysis showed this was mainly due to a 16% upside swing on the Oct. 30, 14:00 (UTC) candle. The uptrend peaked at $0.2426 in the early hours of Oct. […]<\/p>\n","protected":false},"author":460,"featured_media":271573,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[107,77489,37],"tags":[],"post_folder":[],"acf":[],"yoast_head":"\nWorld Cup build up, testnet launch catapult Chiliz 15% higher to lead top 100<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/world-cup-build-up-testnet-launch-catapult-chiliz-15-higher-to-lead-top-100\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"World Cup build up, testnet launch catapult Chiliz 15% higher to lead top 100\" \/>\n<meta property=\"og:description\" content=\"Sports digital currency platform Chiliz posted a strong performance over the last 24 hours, gaining 14.8% to lead the top 100 tokens. 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