Chiliz is a currency option for blockchain-backed products & services geared towards mainstream consumers. We want to elevate everyday experiences – fan engagement in entertainment, alternative payment solutions for conventional products, and more.
Chiliz provides sports & entertainment entities with blockchain-based tools to help them engage & monetize their audiences. Chiliz is the official, exclusive cryptocurrency that fuels the Socios.com fan voting platform. Socios.com allows sports and esports fans to crowd-manage their favourite teams, games, leagues and events. A universal sports and esports ‘crowd-control’ engine capable of giving fans voting rights to guide some of their favorite teams’ management and strategy decisions.
Any league, any team and any game, realized with blockchain technology. With Chiliz powering the Socios.com platform, fans can become influencers of any competitive entity. In turn, teams, leagues & events, from any corner of the sports & esports world can then monetize the fan demand for these voting rights. The core team of Chiliz has excellent experience in related fields, strong partnerships, and financial support. Also given the rich application scenarios and token ecosystem, the project's potential in the fan economy market of football and e-sports is optimistic.
Founded in 2018 by Alexandre Dreyfus, Chiliz is a digital currency for sports and entertainment. Chiliz believes that the fans have no influence over their favourite teams or players in the current sports and esports environment. However, the appetite to ‘activate’ fans as influencers exist. Chiliz aims to build a platform where fans get a direct vote in their favourite sports organizations, connect, and help fund new sports and esports entities.
In the 2nd quarter of 2018, Chiliz raised $66 million through Private Placement. After distribution to early contributors, CHZ was publicly listed on major cryptocurrency exchanges including Binance, BitMax & KuCoin.
The largest portion of the fund is being used to build a fan engagement & rewards app, Socios.com, which was launched at the end of December 2019. As the exclusive on-platform currency, fans can use CHZ to purchase these branded Fan Tokens, which give users influential decision-making power by allowing them to vote on polls Chiliz’s partners publish within the Socios app. Ownership also gives fans access to exclusive rewards, engagement, as well as gamification, social interaction, and leader board features etc.
Football clubs including Juventus and Paris Saint-Germain are the first teams to join the platform to produce their Fan Tokens. Socios.com plans to onboard 50+ teams from football and other sporting verticals including esports and other conventional games such as cricket and the like.
At present, Chiliz has onboarded 19 Official Partners to Socios.com, held Fan Token Offerings for 11 of those partners.