feeling: they be playing their game; growing steadily, nothing too special to notice
Chiliz is a currency option for blockchain-backed products & services geared towards mainstream consumers, elevating everyday experiences – fan engagement in entertainment, alternative payment solutions for conventional products, and more.
Two venture rounds, most recent led by Jump Capital, $66M total
Discord: total 3k, ~200 active
Chiliz provides sports & entertainment entities with blockchain-based tools to help them engage & monetize their audiences.
In one sentence, Chiliz is comprised of three pillars:
The token $CHZ
Chiliz Exchange, for trading tokens
Socios.com, a fan engagement platform based on the Chiliz blockchain and uses $CHZ as core currency
The CHZ token itself is the platform-native governance token, but corporate partners can also issue their own “Fan Token” via “Fan Token Offering”, and this token can be traded on the Chiliz Exchange against CHZ. Note, this fan token is equivalent to digital voting rights. Fan Token holders can vote on various proposals related to the team on a specialized app (socios.com), and these votes are binding:
For example, holders of Bar - Barcelona’s token - can vote to decide whether their next game should wear purple or white. They could also vote to place a drawing in their prep room
Sometimes these fan tokens also unlocks special perks. Since 2020, Chiliz has expanded token usage into gamification, social interaction, and leaderboard.
The app, socios.com, is the core playground for fans to interact with teams of their interest. Users download the app, signup, exchange for CHZ using fiat money, and engage in the in-app ecosystem using CHZ. All exchange for fan token, polls, special reward, and engagement with teams, happen directly on this app.
Chiliz - $CHZ
