What Is Chiliz (CHZ)?
Chiliz bridges the gap between top-tier sports, esports clubs, and their global fans by transforming passive relationships into active engagement. A subsidiary of the Malta-based Mediarex Group (founded in 2006), Chiliz operates under the vision of integrating blockchain technology into everyday life. Since 2016, the team has focused on creating innovative solutions, culminating in the 2020 launch of 8.8 billion Chiliz tokens ($CHZ), the platform’s native currency.
Key Features:
- Fan Token Ecosystem: $CHZ powers Socios.com, a fan engagement platform where users exchange tokens for voting rights in club decisions.
- Leadership: CEO Alexandre Dreyfus, a serial entrepreneur, leads a team of 80+ professionals across 27 countries.
- Partnerships: Collaborations with major football clubs like FC Barcelona, Juventus, and Manchester City.
How Does Chiliz (CHZ) Work?
Chiliz operates through:
- Socios.com: A mobile app where fans trade $CHZ for team-specific fan tokens.
- Blockchain Infrastructure: Supports secure transactions and voting mechanisms.
Tokenomics:
- Total supply: 8.8 billion $CHZ.
- Allocation: 34.5% for sales/presales, 20% reserved for platform development.
Fan Token Mechanics:
- Limited-edition tokens grant voting power in club polls (e.g., jersey designs, match locations).
- Tokens fluctuate in value and can be traded, creating a dynamic marketplace.
The Chilizen Projects
Chiliz supports four sub-projects enhancing transparency and engagement:
| Project | Purpose |
|-----------------------|------------------------------------------|
| FanTokenRank.com | Tracks fan token prices, charts, and stats. |
| FanTokenStats.com | Provides real-time market data and trends. |
| Socios Magazine | Covers partnerships, developments, and news. |
| FanMarketCap.com | Displays live fan club market performance. |
Chiliz’s Market Impact
- Valuation: Over $3 billion ecosystem, with $50M daily fan token trades.
Funding: Raised $60M from Binance in 2018; allocations include:
- 20% for user acquisition.
- 10% for legal/security compliance.
- 7% for blockchain R&D.
How to Buy Chiliz (CHZ)
Recommended Exchanges:
- Coinbase – Available in 100+ countries (excluding Hawaii).
- Kraken – Serves Australia, Canada, Europe, and most U.S. states.
- KuCoin – Offers 300+ cryptocurrencies (location restrictions apply).
FAQs
1. What is the purpose of Chiliz fan tokens?
Fan tokens let holders vote on club decisions and earn rewards, fostering deeper fan engagement.
2. How many Chiliz tokens are in circulation?
The max supply is 8.8 billion $CHZ, with 34.5% allocated for sales/presales.
3. Which sports teams partner with Chiliz?
FC Barcelona, Juventus, and Manchester City are among 19+ partners.
4. Is Chiliz expanding beyond football?
Yes, recent additions include UFC and PFL (Professional Fighters League).
5. Where can I securely trade $CHZ?
Coinbase, Kraken, and KuCoin are top-rated options.
Conclusion
Chiliz is revolutionizing sports monetization by merging blockchain with fan empowerment. With strategic partnerships, a robust token economy, and plans to diversify into esports and other leagues, Chiliz is poised for long-term growth.
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