What is CHZ?
Chiliz is the world’s most popular sports and entertainment token. Chiliz is the blockchain that powers the Socios fan engagement platform, the Chiliz Exchange and the CHZ token.
CHZ is the native token of the Chiliz platform, allowing fans to purchase NFTs and gain voting rights for their favorite sports teams. Each team that works with Chiliz can decide the initial sale price of their unique fan tokens, as well as which token holders can vote for the team.
Founding Team
Chiliz crypto was founded by CEO Alexandre Dreyfus, a French entrepreneur with a long history in the gambling industry.
Financing
Chiliz is a blockchain-based fintech solutions provider for the sports and entertainment sectors. It was fully funded through a 2018 round, raising over $66 million through pre-project funding.
Its sports fan engagement platform, Socios.com, connects fans with their favorite teams and is built on the Chiliz blockchain infrastructure and uses $CHZ as the platform currency.
Use cases for CHZ
Trade Fan Tokens: CHZ is used to purchase Fan Tokens on the Socios Marketplace, connecting fans to their favorite teams through NFTs and voting rights.
Unit of Account: The CHZ token powers the Chiliz token economy and platform.
Chiliz Campus Currency: Chiliz has its own physical location in Malta, and members use CHZ tokens to pay for various services.
Why is CHZ gaining attention?
Interaction: The Chiliz platform allows fans to interact and engage with their favorite sports (and esports) teams in new ways, creating a fan-to-team economy.
Stability: Not surprisingly, sports fans love their teams even in a bear market. This means that CHZ has been fairly stable even during the recent drop.
Fan Tokens: Each Chiliz Fan Token is unique to a specific team and provides access to memorabilia such as limited edition jerseys, or meet and greet experiences with the team.
Fan tokens for teams/stars
Secondly, there are fan tokens issued by various teams/clubs based on blockchains such as Chiliz. Holders usually receive exclusive rights, including voting privileges and exclusive rewards from the club.
The more well-known ones include:
AC Milan Fan Token (ACM)
Tottenham Hotspur FC Fan Token (SPURS)
Paris Saint-Germain Fan Token (PSG)
Juventus Fan Token (JUV)
FC Barcelona Fan Token (BAR)
Portugal National Team Fan Token (POR)
Atletico de Madrid Fan Token (ATM)
Inter Milan Fan Token (INTER)
Mexican Football Club (SAN)
