Find out about Chiliz (CHZ), it’s easy!

Who's behind CHZ and how does it work? Track the trend and price of the utility token of Chiliz, the crypto platform dedicated to sports.

Chiliz (CHZ): Trend & Price

What is Chiliz? 

Chiliz is a crypto dedicated to the world of football and closely linked with the Socios.com platform. The ecosystem was developed on Ethereum and targets supporters of the many football clubs around the world. The Chiliz (CHZ) token allows users who own it to buy Fan Tokens and thus influence certain decisions regarding their beloved team, such as its formation in particular games or the colour of celebratory shirts. Owning these tokens also brings benefits, rewards, and a privileged position among the fan community. 

Why follow Chiliz? 

The popularity of Socios.com and its token attracted the world’s most prestigious clubs from day one. Its many partners include FC Barcelona, Juventus, Inter Milan, AC Milan, Paris Saint-Germain and Manchester City. The platform allows teams to create their own Fan Tokens and distribute them using the Fan Token Offering mechanism. CHZ is the ecosystem’s general utility token and is compatible with the ERC-20 and BEP-20 standards. What is CHZ used for? Users cannot purchase their team’s Fan Tokens directly; they can only do so by exchanging them for CHZ tokens within the Socios app.

How was it created?

The Socios project is led by Alexandre Dreyfus, a French entrepreneur who has been working in the web industry since the 1990s. The company behind Chiliz was founded many years ago (2012), but the platform only launched in December 2019. Today, Socios is a company with many partners (not just in the world of football) and offices around the world: from Europe (Malta, Spain, Switzerland) to Asia (Korea) and the United States. 

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