Chiliz (CHZ)
Chiliz is a blockchain-based platform designed to enhance engagement and monetization for sports and esports organizations through its native cryptocurrency, CHZ. This token is an ERC-20 and BEP-2 utility token that enables sports fans to purchase Fan Tokens and powers the Socios.com ecosystem.
Overview of Chiliz
Chiliz is recognized as the world's pioneering tokenized sports exchange and a leading blockchain FinTech provider for sports and entertainment. Its platform is driven by the CHZ token. Socios.com, Chiliz's consumer-facing product, serves as a hub for fans to acquire tokenized voting rights for their favorite teams. Notable partners include FC Barcelona, Juventus F.C., Paris Saint-Germain F.C., Atlético Madrid, A.S. Roma, Galatasaray S.K., and OG. Through Socios.com, sports teams can issue digital assets, known as Fan Tokens, on the Chiliz blockchain. Each team operates its own semi-autonomous organization, allowing Fan Token holders to participate in team-related decisions.
| Ticker | CHZ |
| Category | Smart Contract Platform |
| Website | https://www.chiliz.com/ |
| @chiliz | |
| Telegram | chiliz_io |
| Contract Addresses | |
|---|---|
| ethereum | 0x35...af Copied! |
In December 2020, Chiliz partnered with Binance, enabling users to acquire new token rewards through Binance Launchpool by staking different tokens. Paris Saint-Germain F.C. (PSG) and Juventus F.C. (JUV) were the first partners to benefit from this initiative. Chiliz and Socios.com also conducted several Fan Token Offerings, further expanding their reach. By January 18, 2021, Chiliz had partnered with A.C. Milan, marking 20 sporting organizations on the Chiliz blockchain.
As of 2023, Chiliz supports over 170 major sporting organizations through the Socios.com fan engagement app. The launch of Chiliz Chain in 2023 aims to broaden the adoption of blockchain technology in sports and entertainment.
Features of Chiliz
Voting
Voting is a core feature on the Socios.com platform. Fans can acquire voting rights by trading Chiliz tokens for Fan Tokens, which grant them decision-making power for their chosen teams. Voting results are stored on Socios.com's side blockchain for transparency.
Fan Token Offerings
Fan Token Offerings allow fans to purchase Fan Tokens from new organizations on Socios.com. These tokens are available on a first-come, first-served basis at a fixed price. Each organization determines an initial Chiliz-pegged value for its Fan Tokens.
Trading Fan Tokens
Owners of Fan Tokens on Socios.com can access the marketplace to auction their tokens. This system allows for dynamic exchange rates, enabling users to trade Fan Tokens for CHZ.
Tokenomics
CHZ Token
The CHZ token is used to acquire branded Fan Tokens on the Socios.com platform, granting voting rights to fans. It operates as an ERC-20 utility token on the Ethereum blockchain and a BEP-2 token on Binance Smart Chain. CHZ is listed on over 43 crypto exchanges, including Binance, KuCoin, and Bitfinex.
Token Distribution
Chiliz (CHZ) tokens are allocated as follows:
- Private Pre-sale & Private Placement: 34.5%
- Issued to Team & Seed Investors: 7.5%
- Userbase Reserve: 20%
- Marketing Operations: 15%
- Strategic Acquisitions: 15%
- Issued to Team: 5%
- Issued to Advisory Board: 3%
Fan Token
Fan Tokens grant users voting rights in club decisions on Socios.com. Chiliz partners with sports and esports teams like Paris Saint-Germain F.C., Juventus F.C., and A.S. Roma to launch these tokens through Fan Token Offerings.
Chiliz Exchange
Chiliz Exchange is a component of the Chiliz ecosystem, facilitating cryptocurrency trading with a focus on Fan Tokens and other cryptocurrencies like Bitcoin and Ethereum. The platform supports multiple languages and offers tools for technical market analysis.
Chiliz technology
Consensus mechanism
Chiliz employs a Proof-of-Authority (PoA) mechanism on the Ethereum blockchain, which relies on authorized nodes to create and secure new blocks.
Permissioned sidechain
Chiliz uses a permissioned sidechain to store voting and trading data on Socios.com in a transparent and auditable manner. This approach ensures efficient transaction processing and maintains voting integrity.
Ethereum blockchain
The Chiliz ecosystem leverages the Ethereum blockchain to secure and store ERC-20 transactions, facilitating the conversion of CHZ tokens into Fan Tokens.
Partnerships
Chiliz has partnered with prestigious organizations such as Paris Saint-Germain F.C., Juventus F.C., FC Barcelona, and A.C. Milan.
UEFA
In February 2022, UEFA signed a Global Licensing and Regional Sponsorship agreement with Socios.com, making it the Official Fan Token Partner for UEFA competitions.
Ballon d'Or
In November 2021, Socios.com partnered with the Ballon d'Or awards ceremony, renewing the partnership in 2022.
Security audits
Chiliz's ecosystem has been certified by CertiK for authenticity. As of March 2023, Chiliz completed a smart contract security audit for Chiliz Bridge.
Founders and team
Founders
Alexandre Dreyfus is the founder and CEO of Chiliz and Socios.com. Emma Diskin serves as the Chief Operating Officer, and Max Rabinovitch is the Chief Strategy Officer.
Team
The Chiliz core team consists of nine members, including Alexandre Dreyfus, Emma Diskin, and Max Rabinovitch. The team is supported by over 350 cross-industry professionals from 27 different nationalities, with operations in various countries.
Fundraising
In 2018, Chiliz raised $66 million through a private placement to develop the Socios.com fan engagement and rewards app.