Why buy Chiliz
If you love cryptocurrency and are passionate about sports, consider buying Chiliz (CHZ). Chiliz is the cryptocurrency ecosystem that powers the Socios.com platform. It has gained popularity through fan tokens — cryptocurrencies that give holders access to various benefits and experiences related to the sports teams that issue them. Notable partners include esteemed football clubs such as FC Barcelona, Juventus, Inter Milan, AC Milan, Paris Saint-Germain, and Manchester City.
The platform enables teams to create their fan tokens and distribute them through a Fan Token Offering (FTO) mechanism. CHZ is the primary utility token within the ecosystem and is compatible with ERC-20 and BEP-20 standards. If you are considering purchasing Chiliz, it’s important to note that Socios users cannot buy team fan tokens directly; instead, they can exchange them for CHZ cryptocurrency within the app.
One compelling reason to invest in Chiliz is the team’s ongoing efforts to update and improve their blockchain technology. In May 2024, they proposed a revision to Chiliz’s tokenomics called ‘Dragon 8 (Tokenomics 2.0).’ This plan introduces a decreasing annual inflation rate for the CHZ token, starting at 8.80% and stabilising at 1.88% after 14 years. Additionally, it’s worth noting that the Chiliz project is very active in Italy. In March 2025, Socios.com launched an innovative campaign in the Milan metro, engaging fans of both Inter and Milan.
What is Chiliz (CHZ), and how did it come into being
Chiliz is a cryptocurrency focused on football and has close ties with the Socios.com platform. Initially developed on Ethereum, the ecosystem migrated to its native network, the Chiliz Chain 2.0. It targets fans of various football clubs around the globe. The Chiliz token (CHZ) allows users who hold it to purchase fan tokens, which enable them to influence specific decisions regarding their favorite team, such as match formations or the color of celebratory jerseys. Holding these tokens also provides advantages, rewards, and a privileged position within the fan community.
The creator of the Socios project, Alexandre Dreyfus, is a French entrepreneur who has been active in the tech sector since the early 1990s. The company behind Chiliz was established in 2012, but the platform was launched in December 2019. Today, Socios is a global company with numerous partners, not just in football but various sectors. It has offices worldwide, including in Europe (Malta, Spain, Switzerland), Asia (Korea), and the United States.
In short, you should buy Chiliz (CHZ) because it invented social tokens and is a new way to cheer for your team through an ecosystem that combines sports and cryptocurrencies.
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