What does it do?
According to their website
“Chiliz is a currency option for blockchain-backed products & services geared towards mainstream consumers. We want to elevate everyday experiences – fan engagement in entertainment, alternative payment solutions for conventional products, and more. Chiliz provides sports & entertainment entities with blockchain-based tools to help them engage & monetize their audiences.”
The Chiliz team has built the Socios.com website and app that gives fans a voice, Socios allows users to influence their teams via popular vote and become eligible for engagement-based team rewards and recognition.
Where does CHZ come into it?
“The Socios.com fan engagement platform is built from the ground up on the Chiliz blockchain infrastructure & uses CHZ as it’s exclusive on-platform currency. Socios.com allows fans to purchase branded Fan Tokens”.
Essentially CHZ works an a trading pair for fan tokens. It is the exclusive pairing if you want to purchase a token for your favourite sports team, and therefore has to be purchased in order to purchase a fan token. The fan tokens are then used by fans in voting and engagement rewards.
CHZ has an abundance of partners within sport, particularly with world renowned football (soccer) teams, notable partnerships include:
- FC Barcelona
- Juventus F.C.
- Club Atlético de Madrid, S.A.D.
- Paris Saint-Germain F.C.
- Team Heretics (esports)
- OG (esports)
At the time of writing CHZ is ranked 140th by market cap with a market cap of $53m.
Where can I buy it?
The highest volume exchanges are:
Other exchanges include:
- Huobi Global
Where can I learn more or join the CHZ community?