SIGN UPloading spinner

Chiliz

Last Updated: January 23, 2024

Chiliz (CHZ) is a digital currency for sports and entertainment and is adaptable across other industries. It powers the world’s first blockchain-based fan engagement & rewards platform Socios.com.

Fans can purchase & trade branded Fan Tokens as well as participate, influence, and vote in club-focused surveys & polls.

Background

Founded in 2018 by Alexandre Dreyfus with the purpose of connecting sports fans with their favorite teams, Chiliz aims to build a platform where fans get a direct vote in their favorite sports organizations, connect, and help fund new sports and esports entities.

Launch

In Q2 2018, after distribution to early contributors, CHZ was publicly listed on major cryptocurrency exchanges. Chiliz’ token generation was executed via private placement only and completed in 2018 with its hard cap reached. 2019, Socios launched its platform with a major partnership with Italian soccer team Juventus, letting fans buy JUV tokens in exchange for CHZ.

How does it work?

Chiliz hosts every team, league, game title or other organization who connects with the platform, together with each organization’s crowd voting mechanisms run as a semi-autonomous organization on this blockchain. When fans enter the Socios.com platform, acquire Chiliz tokens and then use them to exercise their voting rights, they become part of the crowd-managed decision engine for whichever organization they’ve chosen to support. The in-app experience also allows for organizations to activate their offline fanbases with merchandise, giveaways, and exclusive experiences within the Chiliz ecosystem.

Information on this page includes third party content. Such content has not been verified or endorsed by Bullish. Bullish does not warrant that such content is complete, accurate, up-to-date or appropriate for your intended use and Bullish is not liable for any errors or delays in updating such content or ensuring its availability. Any reliance on or interaction with such content is solely at your own risk. Material provided on this page is for informational purposes only and does not constitute investment advice. This information is not and should not be interpreted as a recommendation to buy, sell, or hold a digital or fiat currency or to use a particular investment strategy. You should conduct due diligence before deciding whether to transact in any digital asset or fiat currency. Any prices displayed are for illustrative purposes only. Please see the Risk Warnings for important additional information.

The Bullish Group and related parties engage in a range of businesses that may involve: trading their own assets on the Bullish exchange or elsewhere; holding or owning digital currencies or fiat currencies or derivatives contracts traded on or off of the Bullish exchange; participating in or performing other services and transactions on the Bullish exchange or that relate to activity on the Bullish exchange; and/or receiving benefits for assets of the Bullish Group or others held on the Bullish exchange. The Bullish Group and related parties may also make investments in issuers of digital currencies that trade on the Bullish Exchange; companies that develop the protocols or technologies on which digital currencies traded on the Bullish exchange may rely; or companies that are active in ecosystems that may benefit from the trading of particular digital currencies on the Bullish exchange. The Bullish exchange has policies in place to manage conflicts of interest.

 

Trade crypto’s biggest assets on Bullish.

Other digital assets