What is Chiliz?

Chiliz (CHZ) is a blockchain-based platform for sports and entertainment that enables fan engagement through tokenized voting and rewards. Launched in 2018, Chiliz powers Socios.com, a platform where sports fans can purchase fan tokens to interact with their favorite teams.

These fan tokens give users voting rights in team decisions, exclusive content, and rewards. Chiliz's native token, CHZ, is used for purchasing fan tokens, governance participation, and transaction fees on the Chiliz network.

How is Chiliz useful?

Chiliz enhances fan engagement in sports and entertainment, allowing supporters to own a stake in their favorite teams' decisions through blockchain-powered fan tokens. Teams and organizations benefit from new revenue streams and deeper audience interactions.

Fans can use CHZ to buy tokens, vote on club-related polls, access exclusive content, and earn VIP rewards. Chiliz is widely adopted by football clubs, esports teams, and other global sports organizations, making it a leading platform for tokenized fan experiences.

How does Chiliz work?

Chiliz operates on a proof-of-authority (PoA) blockchain, ensuring fast, low-cost transactions for fan token purchases and interactions. Users can buy CHZ from crypto exchanges or the Socios.com platform and exchange them for team-specific fan tokens.

These tokens grant voting rights on team-related polls, gamified experiences, and VIP events. Chiliz is expanding its blockchain ecosystem with Chiliz Chain 2.0, enabling developers to build sports-focused decentralized applications (DApps) and NFT projects.

Chiliz milestones

• Launch of Socios.com: Introduced blockchain-powered fan engagement through fan tokens.

• Global Sports Partnerships: Partnered with major football clubs, F1 teams, and esports organizations.

• Expansion to Chiliz Chain 2.0: Enabled sports and entertainment-focused blockchain development.

• NFT and Metaverse Initiatives: Integrated collectibles and digital experiences for sports fans.

• Multi-Chain Integration: Expanded support for cross-chain compatibility and scalability.

Chiliz continues to redefine fan engagement, offering a decentralized, rewarding, and immersive experience for sports and entertainment enthusiasts worldwide.

Buy Chiliz (CHZ) on BITmarkets.