Chiliz Chain 2.0 Launches Scoville Testnet: A Spicy Transformation for Sports Fans

The Spicy New Layer-1: Chiliz Chain 2.0

In a fiery announcement that’s got sports fans buzzing, Chiliz launched its Scoville Testnet for the newly minted Chiliz Chain 2.0 (CC2). This Layer-1 blockchain is not just any run-of-the-mill tech—it’s poised to bring a whole new level of Web3 capabilities to the sporting world. Think NFTs, fan tokens, and more! Who wouldn’t want to own a digital piece of their favorite team’s history, right?

Chiliz: A Brief Overview

Founded in 2018 and based in the sunny, Mediterranean hotspot of Malta, Chiliz has become the go-to digital asset for engaging sports fans. Their native token, CHZ, is the life force of the Socios.com platform, where fans can buy, sell, and trade fan tokens like they’re trading cards.

Validator Approval: That’s Not Spicy, It’s Essential!

Chiliz’s CSO, Max Rabinovitch, spilled some beans on how validators will be approved on this spicy blockchain. The governance process is pretty straightforward, kind of like ordering a pizza: submit your validator, have it voted on by the current validators, and voila! Rabinovitch mentioned the plan to expand the number of validators over time as the ecosystem heats up.

• Validators vote to approve new validators.
• Voting power is based on the amount of $CHZ staked.
• More validators mean shared fees, which is a win-win!

The Phases of Spiciness

The testnet will follow six exciting phases, with names inspired by the Scoville heat scale—hot stuff indeed! The ultimate goal? Launch the mainnet, dubbed Habanero, between Q3 and Q4. You know what they say: good things come to those who wait (and who can handle the heat).

CHZ: A Token with More Utility Than Your Favorite Multi-Tool

With a current market ranking of a spicy 66th and priced around $0.284, CHZ has seen its fair share of ups and downs. Rabinovitch highlighted how the CC2 will expand the utility of the CHZ token. The movement towards a more inclusive ecosystem means fans can not only cheer but also engage and earn as active participants. Who doesn’t want a slice of that pie?

Networking and Star Power: Enter Lionel Messi!

In a quest to enhance fan engagement even further, Socios.com recently snagged football legend Lionel Messi as their global brand ambassador in a deal worth over $20 million. Yes, you read that right—a whopping sum that is bound to turn heads, and it extends for three years! Why? Because who better to promote fan participation than the GOAT himself?

“Today, roughly 90% of our Twitter using employees spent 5 minutes+ each trying to figure out a more clever way to signal that we signed Messi.” – Max Rabinovitch