Have you ever wanted to interact with your favorite sports team, by helping choose their uniform design or decide what music they play before a game? What if there was a platform where you could influence team decisions, unlock exclusive rewards and join a community of like-minded fans, all supported by blockchain? This is what Chiliz, powered by CHZ token, offers. Let’s learn more about what CHZ is and what it does on the Chiliz Ecosystem.
Main Information About Chiliz Blockchain
| Ticker | CHZ |
| Category | Utility |
| Founders | Alexandre Dreyfus |
| Blockchain | Chiliz Chain |
| Maximum Blockchain TPS | ~400 |
| Consensus Mechanism | Proof of Authority (PoA) |
| ICO Date | October, 2018 |
| Maximum Supply | Not available |
| Chain Explorer | https://scan.chiliz.com/ |
What is Chiliz?
Chiliz is the creator of Fan Tokens and the developer of the Chiliz Chain, the first and leading blockchain ecosystem for the global sports industry. Already serving over two million global users through its flagship fan engagement platform, Socios.com, the Chiliz Chain supports more than 70 Fan Tokens from some of the world’s largest sports brands, including FC Barcelona, Paris Saint-Germain and Manchester City.
The Chiliz Chain, the Layer-1 blockchain, has been specifically designed for the sports and entertainment industry. Through developer and community involvement, the Chiliz ecosystem supports any sporting organization looking to unlock blockchain innovation.
On the Chiliz Exchange, fans can purchase CHZ, the native token of the Chiliz blockchain and trade it for fan tokens. These fan tokens grant holders access to exclusive benefits, including voting rights in team polls. The more fan tokens a user owns, the greater the experiences and privileges they can access.
The purpose of Chiliz isn’t just about helping fans connect with their teams, it’s also an important part of blockchain gaming. As more companies use decentralized systems and digital tokens, Chiliz has become more popular, showing it can change how fans interact and how the gaming world works.
Who is Behind Chiliz?
Chiliz was founded by Alexandre Dreyfus, a pioneer in sports and blockchain with nearly 30 years of entrepreneurial experience. Starting at 16, he founded Mediartis, later sold to Publicis Group. He also co-founded Winamax, France’s first online poker site, and launched Chiligaming, which was later acquired by Bally Technologies. In 2018, Dreyfus created Chiliz, securing $66 million to innovate fan engagement using blockchain technology. Under his leadership, Chiliz launched Fan Tokens via the Socios.com app in 2019, enabling fans to influence team decisions and earn rewards. By 2023, the Chiliz Chain became the first blockchain designed specifically for the sports industry, partnering with over 100 global sports organizations.
Why was Chiliz created?
Chiliz was created to connect sports teams with their fans using blockchain technology. It gives fans a way to be more involved by letting them vote on team decisions and access special content. Through platforms like Socios.com, fans can use the Chiliz token (CHZ) to buy Fan Tokens, which give them a voice in their favorite teams. This helps fans feel closer to the teams they love and gives teams new ways to earn money and engage with their supporters.
How Chiliz Works Within the Gaming Ecosystem
Chiliz processes transactions and manages its blockchain using a proof-of-stake mechanism called Proof of Authority (POA). So, instead of using cryptocurrency as a stake, validator nodes use their identity.
Chiliz plays a key role in blockchain gaming, providing its token (CHZ) to simplify in-game transactions, unlock exclusive gaming content and power decentralized gaming ecosystems. Through fan tokens powered by Chiliz, supporters gain exciting opportunities to engage and actively influence team decisions, such as vote on jersey designs, matchday music or team charity projects. Also, by using CHZ in gaming platforms, developers can create fun and rewarding experiences for players.
Chiliz fan tokens also give access to special experiences, like meeting players, behind-the-scenes events, and exclusive merchandise. These features turn fans from spectators into active participants, building a stronger bond between teams and their supporters.
Chiliz and Partnerships Sports Clubs
Chiliz has partnered with some of the world’s most iconic sports organizations, including FC Barcelona, Juventus, Paris Saint-Germain and the UFC. These partnerships enable teams to issue their own branded fan tokens, which fans can buy and use to engage more actively. For example, FC Barcelona fan token holders have been involved in choosing artwork for the team’s locker room and voting on other key initiatives. These collaborations illustrate how Chiliz is reshaping the relationship between teams and their global fanbases.
Chiliz use cases
The use cases focus on enabling fan engagement through tokenized voting, rewards and exclusive content, such as:
- Fan Token Voting: Fans can use digital tokens to vote on team decisions, such as jersey designs, matchday activities, or player interactions, making them active participants in team operations.
- Exclusive Rewards: Fans holding Chiliz tokens can access unique experiences, such as VIP matchday tickets, meet-and-greet events, or signed merchandise.
- Content and Interaction: Chiliz allows fans to connect more closely with their favorite teams through digital platforms offering personalized content, updates and interactive activities.
- Sports Monetization: Teams and organizations can generate additional revenue by issuing fan tokens, creating a sustainable economic model that complements traditional income streams.
- Esports and Gaming: Beyond traditional sports, Chiliz extends to esports and gaming organizations, allowing players and fans to engage with teams in a similar manner.
- Integration with Socios.com: Chiliz powers the Socios.com platform, which serves as a marketplace for fan tokens and a hub for voting, rewards, and other interactive features.
Key features of Chiliz
Chiliz offers a range of interactive tools and activities that make fan engagement more exciting and rewarding, such as:
- Badges: Users can earn experience points and level up their profiles by unlocking achievements.
- Token Hunt: This interactive reality game allows users to explore their neighborhood to find fan tokens for their favorite teams.
- Predictor: Holders can bet on the results of games and matches.
- Locker Room: Fans can lock up CHZ for 120 days to receive a bonus and first access to a team’s fan tokens if they decide to partner with Socios.
Tokenomics of Chiliz
Chiliz aims to bridge the gap between active and passive sports fans by providing a blockchain-based platform for fan engagement through tokenized influence. It uses its token (CHZ) to empower fans to participate, influence and vote on club-related decisions via Socios.com.
1. Overview
- Token Symbol: CHZ
- Blockchain: Chiliz is available on Ethereum, Binance Smart Chain and Tron blockchains.
- Utility: CHZ tokens are used to purchase fan tokens, participate in fan token offerings (FTOs), and vote on club decisions on the Socios platform.
2. Allocation and Supply
- Total Supply: At the launch of the project, Chiliz set a total supply of 8.88 billion CHZ tokens. Currently, the circulating supply of CHZ is approximately 9.35 billion tokens, without a maximum supply established.
- Circulating Supply: Approximately 9.35 billion CHZ
- Supply Allocation:
- 15% Strategic Acquisitions
- 5% Team
- 7% Seed Investors
- 3% Advisory Board
- 15% Marketing
- 20% Userbase Reserve
- 34.5% Token Sale
3. Utility and Rewards
- In-Blockchain Use: CHZ tokens are used within the Socios.com platform for buying fan tokens and voting in polls.
- Staking: CHZ tokens can be staked in various blockchain platforms.
- Governance: Token holders can participate in governance decisions through voting on the Socios.com platform.
4. Economic Model
- Deflationary Mechanisms: Chiliz has implemented burning mechanisms for CHZ, especially through fan token activities and certain initiatives on Socios.com.
- Reward Distribution: Rewards are distributed to fans in the form of exclusive experiences and the ability to influence club decisions.
5. Market Performance
- Current Price: Around $0.07655 USD
- Market Cap: Approximately $716.16 million USD
- All-Time High: $0.8915 (March 13, 2021)
- All-Time Low: $0.004001 (September 27, 2019)
- 24h Volume: Approximately $95.05 million USD
How to take self custody of Chiliz using Klever Wallet
Klever Wallet is a trusted and user-friendly platform for managing and buying Chiliz (CHZ) tokens. Known for its low fees and robust security, the Wallet provides an efficient way to buy, store and swap CHZ while ensuring full control of your assets.
Joining the Klever community offers a secure way to manage digital assets, with a multi-chain wallet available for mobile and desktop, that supports CHZ tokens and many other cryptocurrencies, providing various payment options and tools to enhance your crypto and fan experiences.
Download Klever Wallet today and explore Chiliz today!
