Chiliz is a blockchain provider for the sports and entertainment sector. The Chiliz blockchain supports Socios.com, a fan engagement platform that allows entities like sports franchises to engage with and monetize their fanbases.
How CHZ Works
CHZ is an ERC-20 governance token compatible with the Ethereum blockchain network. The CHZ token is used as the exclusive on-platform currency of Socios.com, which is powered by the Chiliz blockchain.
After purchasing CHZ tokens, users can buy branded fan tokens from sports teams and franchises including FC Barcelona, Paris Saint-Germain, the Golden State Warriors, Galatasaray, and the UFC. Fan token holders are eligible to participate in votes and can earn various forms of team rewards and recognition.
CHZ can be purchased from numerous leading cryptocurrency exchanges.