CHILIZ and HOLO – cryptocurrencies with environmental and social focus

In the world of cryptocurrencies, more and more attention is being paid to projects that go beyond the traditional financial sphere and emphasize environmental and social aspects. In today’s Strifor review, let’s take a look at Chiliz (CHZ) and Holo (HOT) – prime examples of such projects, which show that cryptocurrencies can be not only an investment tool, but also an important part of society and ecosystem transformation.

Chiliz (CHZ): connecting with fans and decentralizing sports

Chiliz is a cryptocurrency created for interaction between sports teams and their fans. The project offers a new perspective on how fans can influence events in the sports industry.

Chiliz uses blockchain technology to create the Socios.com platform, where fans can buy tokens of their favorite teams and vote on various issues concerning the club. This could be the choice of uniform design, team anthem or other significant aspects.

Social effect

Strengthening the connection between fans and teams:

Chiliz helps reduce the distance between fans and sports organizations, creating a sense of engagement.

 Decentralization of governance:

A token voting system allows fans to participate in decision-making, democratizing the sports industry.

Supporting localized clubs:

The project enables less popular teams to raise funding through the issuance of their tokens.

Examples of success

• Partnerships with top soccer clubs such as FC Barcelona, Paris Saint-Germain and Manchester City.
• CHZ tokens are used by millions of fans around the world.

Holo (HOT): green blockchain and decentralization of the internet

Holo is a platform based on the unique Holochain technology that offers a more sustainable and environmentally friendly alternative to traditional blockchains.

Holochain is not a blockchain in the usual sense. It provides users with tools to create decentralized applications (dApps) that do not rely on mining and therefore require significantly less energy.

Ecological focusing

Minimal energy consumption:

Unlike blockchains such as Bitcoin or Ethereum, Holochain does not use a Proof of Work mechanism, which significantly reduces its carbon footprint.

Local data processing:

Data is stored on users’ devices, reducing the need for large server farms.

Social relevance

Decentralization of the Internet:

The project helps build applications that give users full control over their data.

Small Business Support:

Holochain offers tools to create applications that can be used for local communities and small businesses.

Usage Examples

• Applications for decentralized social networks, service exchange platforms, and local payment systems.
• Support for user data protection and privacy initiatives.

Issues and challenges

1. Low awareness: these projects often remain in the shadow of more popular cryptocurrencies
2. Regulatory risks: regulatory issues surrounding cryptocurrencies can make these innovations more difficult to implement.
3. Competition: new projects have to compete with more traditional financial and technological solutions.

To summarize

Cryptocurrencies with an environmental and social focus, such as Chiliz and Holo, are unique examples of how blockchain can be integrated into different areas of life. On the one hand, Chiliz connects fans around the world, allowing them to become active participants in the sports industry. On the other hand, Holo offers eco-friendly solutions for creating decentralized applications, preserving the planet’s resources. Some experts believe that such projects will become more and more in demand as society seeks a balance between innovation and responsible resource consumption. 

Strifor broker provides a platform for trading CFDs on 75+ cryptocurrencies, offering both traditional Bitcoin and Ethereum, and more exotic Chiliz and Holo, as well as many other coins. Analyze, assess risks and choose the best assets for your trading strategy🤝

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