چیلیز CHZ / Chiliz

What Is Chiliz (CHZ)?

Chiliz is the native token of Chiliz Chain, the Layer-1 blockchain for Sports and Entertainment. It also powers the Socios.com Wallet, the leading fan engagement platform where fans can engage with their favorite sports and entertainment brands through Fan Tokens.

Within the Socios.com Wallet, fans can use their Fan Tokens to vote on governance polls, redeem rewards such as signed merchandise and (VIP) match tickets, and get access to unique physical and digital experiences. For sports clubs and associations, Fan Tokens offer a way of connecting with their fans and unlocking new revenue streams.

Chiliz has partnered with some of the world’s most iconic sports brands — including FC Barcelona, Manchester City, Juventus, and Paris Saint-Germain — and continues to expand into esports, gaming, and broader entertainment verticals.

Who Is the Founder of Chiliz (CHZ)?

Chiliz was founded by Alexandre Dreyfus, its current CEO. Dreyfus has over 20 years of experience founding and growing web-based companies. For instance, he developed Webcity, an interactive travel guide, and Winamax and Chilipoker, both online poker projects, before founding Chiliz in 2017. His explicit goal with the company is to “work harder than ever on our mission to fully establish Fan Tokens as the ultimate fan engagement tool and as a powerful new revenue generator for the sports industry.” This has been highlighted in the aggressive expansion of Fan Tokens that have seen numerous European football powerhouses, but also smaller clubs sign on.

What Makes Chiliz (CHZ) Unique?

Every sporting organization using the Chiliz technology has a limited supply of Fan Tokens that are offered at an initial FTO (Fan Token Offering). These tokens are offered on a first-come-first-serve basis, with the opening price and fully diluted market cap disclosed by Chiliz beforehand. The native CHZ token is used to purchase Fan Tokens and acts as the platform’s internal currency. Fans can then vote on the Socios platform with their Fan Tokens, a process made possible using smart contracts. Clubs determine the amount of influence fans have. Decisions can range from new jersey designs to deciding team matchups in exhibition games.

Related Pages:

Check out Paris Saint-German Fan Token (PSG).

Check out Manchester City Fan Token (CITY)

Learn more about sports NFT platforms in our Ultimate Guide for Top NFT Sports Platforms.

What are fan tokens? Learn more with CMC Alexandria.