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What is ChiliZ? ($CHZ)

Jaiya Gill
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What is ChiliZ? ($CHZ)

What is ChiliZ ($CHZ)?

ChiliZ is the currency for the ChiliZ and socios.com platforms. ChiliZ aims to create blockchain based products and experiences for sports fans, in the form of ‘fan tokens’. ChiliZ has partnered with majour sports leagues and clubs to launch fan tokens, offering membership rights and voting rights - in addition to exclusive experiences and benefits.

Chiliz has already partnered with 19 clubs and leagues to create fan tokens including FC Barcelona, Juventus, Paris Saint-Germain, Atlético de Madrid, AS Roma, Galatasaray, OG, Team Heretics, UFC and more.

How does ChiliZ work in a nutshell?

The ChiliZ token powers the Socios.com platform, which is used by clubs to generate and issue fan tokens for their supporters. Fan tokens are emitted on ChiliZ in-house proof-of-stake sidechain, where smart contracts administer governance processes such as voting.

ChiliZ represents an exciting new use case for blockchain technology, uniting fans with their clubs and allowing them to form tighter social links with the communities they are interested in - complimenting them with digital and real-world experiences.

Learn more about Chiliz

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