Buy Chiliz (chz)

Chiliz (CHZ): overview

Key facts about Chiliz (CHZ):

• Layer-1 blockchain specifically designed for sports & entertainment. Supports 70+ fan tokens from varied sports brands.
• Native token of the Chiliz Chain. Used for gas fees, cross-chain operations, staking, and powering the ecosystem.
• Connecting Web2 and Web3 for sports brands, with the aim of unlocking decentralised opportunities.
• Launched Chiliz whitepaper (2018), partnered with PSG (2018), launched Socios.com app (2019).
• Launched Chiliz Chain (2023), established Chiliz Labs incubator program (2023), PSG joined as validator node (2024).

About Chiliz

The Chiliz Group is the creator of fan tokens and the Chiliz Chain, the first permissionless blockchain provider for the global sports industry. Already serving over two million global users through its fan engagement platform, Socios.com, the chain supports more than 70 fan tokens, including FC Barcelona, Paris Saint-Germain and Manchester City. The Chiliz Chain, the Layer-1 blockchain, has been designed for the sports and entertainment industry. Through developer and community involvement, the Chiliz ecosystem supports any sporting organisation looking to explore blockchain innovation.

About Chiliz Token (CHZ)

CHZ is the native token of the Chiliz Chain. CHZ is used to:

• Pay gas to deploy or invoke smart contracts
• Perform cross-chain operations, such as transfer token assets between Chiliz Chain and other chains
• Secure the network by staking or delegating it
• Power the Chiliz ecosystem including Fan Tokens and Socios.com app

What are the main features of Chiliz?

Chiliz describes itself as the home of SportFi - global leaders in sports & entertainment bringing together Web2 and Web3 and opening up decentralised opportunities for sports brands:

• Creators of fan tokens - Digital assets for fan engagement across the global sports industry by enabling fans and brands to connect.
• Founders of Socios.com - The home of fan token utility and the first fan engagement and rewards app; a gamified ecosystem built for and by fans.
• Curators of the Chiliz Chain - The first protocol for sports and entertainment, where the startups and developers are building the products and solutions that will potentially shape the future of the industry. 

Roadmap: a short overview of the project's upcoming roadmap and major milestones.

Major milestones:

• February 2018 - Launch of the Chiliz whitepaper outlining the governing framework for fan tokens
• September 2018 - PSG becomes Socios.com’s first sports franchise partner 
• November 2019 - Launch of the Socios.com app and the first fan token: Juventus FC Fan Token 
• October 2021 - Socios.com reaches 1 million users
• November 2021 - Chiliz opens up offices across the world with 200+ employees
• February 2023 - Launch of the Chiliz Chain, the first EVM-compatible Layer-1 blockchain for sports
• March 2023 - Launch of Chiliz Labs, their $50M incubator programme 
• September 2023 - Socios.com hits the 2M user mark
• February 2024 - PSG joins as node validator for the Chiliz Chain
• June 2024 - Launch of “Dragon8” hard fork with new tokenomics and improved staking functionality. 

Roadmap

• Potential expansion of active validator nodes
• Exploring joint ventures and partnerships in key markets like Saudi Arabia, Japan, South Korea, and Brazil
• Continuing expanding the Chiliz ecosystem by partnering with and integrating more third-party providers.  

Partnerships - Does the project have any notable partnerships?

Chiliz has established countless partnerships with major sports organisations, including top-tier football clubs like FC Barcelona, Paris Saint-Germain, and Manchester City, and entities across various sports such as gaming and MMA. These partnerships are central to the adoption of fan tokens and the Socios.com platform. Node validators include leading industry players such as Animoca Brands, Ankr, K-League, OKX and PSG.

Price history of Chiliz (CHZ)

The Chiliz token was released in October 2018. Since its debut, the price of Chiliz (CHZ) has varied. It reached its all-time high in March 2021 at approximately 0.88 USD. In September 2019, the CHZ price fell to about 0.004 USD.

Major price milestones include:

• 2018: Release
• September 2019: 0.00410887 USD/CHZ (all-time low)
• March 2021: 0.878633 USD/CHZ (all-time high)
• October 2024: 0.08291 USD/CHZ

CHZ price: Reduced volatility through sports fans and investors

Chiliz (CHZ) is one of the leading digital currencies in the sports and entertainment sector. It powers the world's first fan engagement and rewards platform on a blockchain basis called Socios.com. The platform focuses on attracting investors and mitigating the fluctuations in the general crypto market. The Chiliz token is backed by a company that uses cryptocurrency as an essential technology to achieve business goals unrelated to crypto.

CHZ is the sole internal currency used on the platform, allowing fans to purchase brand and fan tokens. These tokens give users significant decision-making power, enabling them to participate in opinion polls via the Socios app. Fans gain access to exclusive rewards by owning Chiliz tokens.

These factors all influence the CHZ price and can lead to crashes and surges. The producers aim to increase the popularity of Chiliz (CHZ) through exclusive promotions, continually boosting brand awareness and reducing price volatility.

What is the future of Chiliz?

As of 2024, the Chiliz platform continues to expand its global presence by securing partnerships with sports teams and leagues, including FC Barcelona, AC Milan, Paris Saint-Germain, and the UFC. These collaborations have increased the visibility and demand for Chiliz and other fan tokens. Looking ahead, the company remains focused on building the recognition of Chiliz (CHZ) and sustaining or increasing its value in the growing fan engagement and crypto markets.