I used Xunfeiji to look through the AMA of Chiliz CEO on December 5th.
Let's briefly extract the key points 👇
1. The content of the test network has been completed. The main network genesis block has been opened, and the team and the audit company are currently completing the final security testing of the main network. It is expected that the Chiliz 2.0 main network will be launched in the next few weeks.
2. The US version of socios.com will probably be launched only after the US mid-term elections.
3. Chiliz announced in January 2020 that it would burn a portion of CHZ every quarter, including 10% of FTO and NFT sales revenue and 20% of transaction fees earned on the Chiliz exchange. A total of 7 quarters were destroyed, with the last one in November 2021. In 2022, the team canceled the quarterly destruction plan.
4. JUMP is the main market maker for Chiliz fan tokens on third-party exchanges. Some of the tokens transferred from wallets to exchanges are lent to market makers to provide liquidity. At the same time, it was clarified that the team did not sell the two national team tokens ARG and POR during the World Cup.
5. A $50 million public chain developer incentive fund will be invested in an orderly manner in the next four years to incubate the CC2 ecosystem. The fund comes from $CHZ, the treasury and third-party investors.
6. The Chiliz team has made several external investments this year, not just the $100 million 24.5% stake in Barcelona Digital Club. Other investments will be disclosed later. This indirectly confirms my view on the financing of the Chiliz project. It should have completed a large amount of financing, otherwise it would be difficult to support the operation of a 300-person team and external investment.
