What is Chiliz (CHZ)?
Chiliz (CHZ) C
0,55 ₺ ▲%0,00
Name:
Chiliz
Symbol:
CHZ
Price:
0,55 (%0,00 )
Market Cap:
5,80 Billion ₺
Release Date:
01/10/2018
Circulating Supply:
10.559.985.172
Maximum Supply:
∞
CHZ ATH (TRY):
49,68997812 ₺
CHZ ATH (USD):
0,98944600$
Chiliz is the leading digital currency for sports and entertainment by the eponymous Malta-based FinTech provider. It operates the blockchain-based sports entertainment platform Socios, which enables users to participate in the governance of their favorite sports brands. Multiple fan tokens by Socios.com are an example of that.
What is Chiliz (CHZ)?
0,55 ₺ ▲%0,00
Chiliz (CHZ) is a cryptocurrency designed to power the sports and entertainment industry, bridging the gap between fans and their favorite teams. Initially launched as an ERC-20 token on Ethereum, CHZ later became the native asset of Chiliz Chain, the ecosystem’s own blockchain. Through the Socios.com app, fans can purchase Fan Tokens and participate in team decisions, earn rewards, and access exclusive content.
Chiliz enables direct engagement: fans can vote on kit designs, match day experiences, and other club matters. This turns passive support into active participation.
Chiliz (CHZ) Project
Chiliz is a blockchain platform aiming to redefine fan engagement in sports and entertainment. At its core is Socios.com, a mobile application where teams issue their own branded Fan Tokens. CHZ acts as the gateway: users convert CHZ into Fan Tokens, which then unlock voting rights and perks. The ecosystem is further extended by Chiliz Chain, an EVM-compatible blockchain that hosts sports-focused decentralized applications and NFT projects.
History and Founders
Founded in 2018 by Alexandre Dreyfus and his team, Chiliz is a Malta-based company. The project quickly secured partnerships with major football clubs, launching CHZ on Ethereum as an ERC-20 token. In 2023, the ecosystem migrated to Chiliz Chain 2.0 (also called Chiliz Chain), significantly improving speed and scalability. Today, over 70 officially licensed Fan Tokens are active on the network, covering football, e-sports, and more.
How Does It Work?
Chiliz Chain uses a Proof of Staked Authority (PoSA) consensus mechanism, which allows for fast and low-cost transactions. Fan Tokens are created as CAP-20 tokens, a standard that mirrors ERC-20 with 18 decimals, enabling fractional ownership. Users store CHZ in the Socios.com wallet or any Chiliz Chain-compatible wallet. CHZ can also be staked on Chiliz Chain to help secure the network and earn rewards. Developers can deploy Ethereum-compatible dApps on Chiliz Chain, leveraging its EVM support.
Tokenomics
The maximum supply of CHZ is 8,888,888,888 tokens. There is no mining; the entire supply was pre-mined and distributed according to the project’s tokenomics plan. A key feature is the buyback mechanism: 10% of all Fan Token revenue across the ecosystem is used to purchase and burn CHZ on the open market, reducing circulating supply over time. While CHZ is native to Chiliz Chain, it also exists on Ethereum and Solana for broader accessibility.
CHZ Use Cases
The primary use of CHZ is purchasing Fan Tokens on Socios.com. Once acquired, these tokens let fans vote on team decisions, access VIP experiences, and collect limited-edition digital items. CHZ is also used to pay for transaction fees on Chiliz Chain and can be staked to earn yield. With the growth of SportFi (sports DeFi), CHZ and Fan Tokens are increasingly integrated into prediction markets, lending protocols, and other decentralized applications.
Risks
Chiliz’s success is tied to the popularity and continued partnership of sports clubs. A loss of key deals could affect demand for CHZ. Although it operates its own chain, the ecosystem remains reliant on Socios.com and the Chiliz team, introducing centralization risk. The volatility of Fan Tokens and CHZ can be high, influenced by both crypto market conditions and sports events. Regulatory changes around fan tokens and digital assets in sports could also impact the project. As with any cryptocurrency, never invest more than you can afford to lose.
How to Buy Chiliz (CHZ)
You can buy CHZ on Bitlo by logging into your account. Choose the CHZ/TRY or CHZ/USDT pair and place your order. Once the purchase is complete, you can keep your CHZ in your Bitlo wallet or withdraw it to a Chiliz Chain-compatible wallet. For a step-by-step guide, visit our How to Buy Chiliz (CHZ) page. You can also check the current price before making a transaction.
Frequently Asked Questions (FAQ)
What is Chiliz (CHZ)?
Chiliz is a blockchain project that powers fan engagement in sports. CHZ is its native cryptocurrency, used to purchase Fan Tokens and interact with the ecosystem.
What is Chiliz Chain?
Chiliz Chain is a sports-focused blockchain compatible with Ethereum. It hosts Fan Tokens and supports SportFi dApps.
How do Fan Tokens work?
Fan Tokens are branded digital assets that give holders voting rights and access to club-related perks. They are bought with CHZ on Socios.com.
Can CHZ be staked?
Yes, CHZ can be staked on Chiliz Chain to help secure the network and earn staking rewards.
What is the maximum supply of CHZ?
The total supply is capped at 8,888,888,888 CHZ. No new tokens are created through mining.
On which networks is CHZ available?CHZ is native to Chiliz Chain and also available as a token on Ethereu and Solana.
