Chiliz (CHZ) Crypto Exchange
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What is Chiliz (CHZ)
Chiliz is a cryptocurrency that enables sports teams and associations to engage with their fans and monetize their audiences. The company’s blockchain-based Socios platform also allows fans to take part in the governance of sports brands. The project was founded by its current CEO Alexandre Dreyfus in 2018. The idea to connect sports companies with their fans worldwide has been developed and successfully implemented since then.
Chiliz tokens are issued on both the Ethereum blockchain and on the BNB Smart Chain. Customers can use CHZ tokens to purchase Fan Tokens of their favorite team from Socios.com. These tokens have a limited supply, are offered at an initial FTO (fan token offering), and are customized by the sports organizations managing them. The consensus algorithm used to create and verify Fan Tokens on Socios is Proof of Authority.
The Chiliz platform already has numerous partners from all over the world and offices in France, Spain, Malta, Brazil, Turkey, and South Korea. The Chiliz team is planning to work on further cooperation with other sports organizations and open more offices in the UK and North America.
