Chiliz is a blockchain initiative focused on sports and entertainment. It was established in 2018 to strengthen fan participation, giving teams a fresh way to earn from their communities and giving supporters a means to demonstrate loyalty. Chiliz offers a collection of products and services, including the Socios.com fan engagement and rewards app, along with Fan Token digital assets. The team also launched the Chiliz.net exchange, built specifically for sports.

CHZ is Chiliz’s native cryptocurrency. It functions as an ERC20 and BEP20 token. CHZ is used throughout the ecosystem, with a total supply of 8,888,888,888 CHZ.

What are Chiliz’s key features and how does it work?

Chiliz has developed multiple products for the sports and entertainment industry, especially the Socios.com site, the Socios app, and the Chiliz.net cryptocurrency exchange.

Socios serves as a fan influence and rewards platform. It’s accessible on both mobile and desktop, enabling fans to connect with their preferred teams or sporting organizations through Fan Tokens. 

Fan Tokens are digital assets issued on the Chiliz Blockchain. Each Fan Token comes with a limited supply, and any sports team or sporting organization can create a token tailored to its fan base. For instance, the first Fan Token was released for the Italian football side Juventus (JUV). Since then, Paris-Saint Germain, FC Barcelona, and other football clubs have created tokens for their supporters. 

Fan Tokens are introduced through Fan Token Offering (FTO) events. This structure lets fans purchase tokens at a set price before they trade publicly. To acquire Fan Tokens, users need the CHZ token, which can be obtained through the Socios app or on supported markets.

Fan Tokens help supporters take part with their teams in a closer, interactive way. Use cases include voting in polls, receiving VIP rewards and promotions, joining chat communities, playing games, and joining global competitions. For example, token holders could vote on poll questions such as merchandise artwork, celebration songs, or other team-related choices.

Chiliz.net is an exchange devoted to giving fans the ability to buy, sell, and trade Fan Tokens. Trades that involve the CHZ token have a fee of 0% for buyers and 0.6% for sellers, while all other trading pairs charge 0.2% for both sides.

What can CHZ be used for?

The CHZ token can be used for the following:

Where can you buy CHZ?

CHZ can be traded on the CEXs and DEXs listed here. The most widely used venues with the highest liquidity include Binance, OKX, Gate.io, Huobi Global, and KuCoin. CHZ pricing changes based on the selected exchange and prevailing market conditions. For current and historical CHZ market information, please check the price charts on this page.