Chiliz

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.

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.

Every sporting organization using the Chiliz technology has a limited supply of Fan Tokens that are offered at an initial FTO (Fan Token Offering). 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.

At launch in October 2018, the total supply of CHZ was fixed at 8.8 billion tokens, distributed across early contributors, strategic partners, and exchange sales. Initially, CHZ was issued as an ERC-20 token on Ethereum, with additional compatibility as BEP-2 on Binance Chain and TRC-20 on Tron.

Following the migration to the Chiliz Chain, this fixed-supply model was replaced by a dynamic tokenomics framework designed to ensure the long-term sustainability, security, and growth of the ecosystem. These changes were implemented on May 6th, 2024, via the “Dragon 8” upgrade, after approval through on-chain governance (85.13% of votes in favor, 0% against).

The Chiliz Chain is a dedicated Layer-1 blockchain built for the sports and entertainment industries. It is a fork of BNB Smart Chain (BSC), which itself derives from go-Ethereum (geth). This makes the network Ethereum Virtual Machine (EVM) compatible, allowing it to interact with and execute Ethereum-based smart contracts seamlessly.

Security and consensus on the Chiliz Chain are maintained through a Proof-of-Staked-Authority (PoSA) mechanism — a hybrid model that combines Proof-of-Authority (PoA) and Proof-of-Stake (PoS). Under PoSA, a limited set of validators take turns producing blocks in a PoA fashion, while their ability to serve as validators depends on the amount of CHZ staked in support of them.

Validators are the backbone of the network, responsible for validating transactions, producing blocks, and safeguarding the chain’s integrity. Two types of validators exist:

Beyond securing the network, validators also play a crucial role in on-chain governance. Their voting power is proportional to the amount of CHZ staked, giving them influence over proposals that shape the evolution of the chain.

Community members can contribute to network security as delegators, by staking their CHZ with validators. Delegators indirectly participate in governance while helping to secure the chain. In return, they receive a share of the rewards earned by validators — sourced from transaction tips and CHZ block rewards.

This staking-driven model ensures that the Chiliz Chain remains secure, efficient, and community-governed, while supporting the creation and management of digital assets tailored to sports and entertainment.

Chiliz launched in October 2018 on the Ethereum mainnet.

CHZ is available on Binance , OKX , Upbit , Bybit , Huobi , Coinbase and many other exchanges.

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