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Kick off: CHZ token down as World Cup continues and holders on FTX could receive compensation

By Darius McQuaid

Edited by Charlie Mellor


A fan poses in the Corniche area ahead of FIFA World Cup Qatar 2022 is an official sponsor of the FIFA World Cup Qatar 2022 – Photo: Getty Images

Chiliz, the global blockchain provider for the sports industry, has seen its native token CHZ fall in value as the FIFA World Cup Qatar 2022 continues.

At the time of writing, CHZ was down almost 10% in seven days, according to CoinMarketCap, and was trading at $0.1681 on the morning of 30 November.

On 22 November, Alexandre Dreyfus, CEO of Chiliz and the engagement and reward app, attended the match between Argentina and Saudi Arabia in Qatar. At the same time CHZ dropped by 3.80% compared to the previous day. 

In the run-up to the FIFA World Cup on 16 November 2022, CHZ saw an increase in the value as teams geared up for the tournament. CHZ saw a 12.22% increase over the previous seven days and a 4.59% increase from the previous day.   

The World Cup is running until 18 December.

Chiliz and have partnered with multiple football clubs, including Manchester City (CITY), Arsenal (AFC), Juventus FC (JUV), Atletico Madrid (ATM), AS Roma (ASR), Paris Saint-Germain (PSG) and AC Milan (ACM),to launch Fan Tokens.  

After the 22 November match, Dreyfus said on Twitter: “I’m exhausted.

“I watched my first ever live World Cup match and what a match. So intense. Don’t tell anyone, but I may start to like watching football.” 



3,092.01 Price
+0.740% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 21:00 (UTC)
Spread 6.00


0.16 Price
+5.050% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 21:00 (UTC)
Spread 0.0012872


63,436.15 Price
-0.730% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 21:00 (UTC)
Spread 106.00


486.35 Price
+0.220% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 21:00 (UTC)
Spread 2.50

FTX compensation scheme

On 13 November, two days after FTX, the cryptocurrency derivatives exchange filed for bankruptcy, Dreyfus announced that he was attempting to allocate 38 million CHZ to compensate up to $10,000 (£8,439) to FTX users who held CHZ.

Dreyfus said that Chiliz would be engaging “with the liquidator in order to facilitate this coverage over next weeks”.     

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World Cup has a crypto feel

In March 2022, announced it will be an official sponsor of the FIFA World Cup Qatar 2022.

The crypto platform will be the exclusive trading platform sponsor of Qatar 2022 and will “benefit from significant branding exposure both within and outside the tournament’s stadiums”.

At the time Kris Marszalek, co-founder and chief executive officer CEO of, said: “We could not be more excited to sponsor the FIFA World Cup, one of the most prestigious tournaments in the world, and to drive further awareness of globally.

“Through our partnership with FIFA, we continue to use our platform in innovative ways so that can power the future of world-class sports and fan experiences around the world.”

Markets in this article

Chiliz / USD
0.10383 USD
0.00093 +0.920%
AC Milan to USD
2.3494 USD
0.0894 +4.040%
Atletico Madrid to US Dollar
3.6367 USD
0.3484 +10.770%
Manchester City to US Dollar
3.6814 USD
0.1472 +4.250%
Juventus to US Dollar
2.9472 USD
0.3734 +14.830%

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The difference between trading assets and CFDs
The main difference between CFD trading and trading assets, such as commodities and stocks, is that you don’t own the underlying asset when you trade on a CFD.
You can still benefit if the market moves in your favour, or make a loss if it moves against you. However, with traditional trading you enter a contract to exchange the legal ownership of the individual shares or the commodities for money, and you own this until you sell it again.
CFDs are leveraged products, which means that you only need to deposit a percentage of the full value of the CFD trade in order to open a position. But with traditional trading, you buy the assets for the full amount. In the UK, there is no stamp duty on CFD trading, but there is when you buy stocks, for example.
CFDs attract overnight costs to hold the trades (unless you use 1-1 leverage), which makes them more suited to short-term trading opportunities. Stocks and commodities are more normally bought and held for longer. You might also pay a broker commission or fees when buying and selling assets direct and you’d need somewhere to store them safely.
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