What is Chiliz (CHZ)?


Chiliz is a cryptocurrency that was released on February 14, 2018 and was created by Alexandre Dreyfus and his friends. It is a cryptocurrency with the abbreviation CHZ, which is used on many platforms, especially in the world of sports and e-sports. CHZ is the service token of the Socios.com platform.

Chiliz is an ERC-20 token created on the Ethereum network. This coin, which has blockchain-based tools, allows its users to interact between entertainment and sports organizations and their audiences and earn money from them. In this way, it is aimed that the fans have a say in the decisions taken in the team with the use of coins. CHZ is the currency that allows fans to buy branded NFT. Socios is the only currency accepted in the NFT market.

Fans can purchase sports club-specific cryptocurrencies called Fan Tokens with the platform’s digital asset, Chiliz (CHZ). Chiliz is a digital asset built as a smart contract on the Ethereum blockchain. With the CHZ they purchase, fans can purchase digital assets produced exclusively for sports clubs and sold on the Chiliz platform.

Chiliz (CHZ) is a digital asset generated on the Ethereum blockchain and can be stored in any wallet that supports ERC-20 based Ethereum assets. After purchasing your club’s fan token, you can use the mobile application of the Socios platform to participate in events.

It is not possible to mine with Chiliz coin. Chiliz (CHZ) cryptocurrencies are offered by the company. The total supply of CHZ will be 8,888,888,888 CHZ. The majority of this supply is currently traded on the market.

The benefits of Chiliz (CHZ) are as follows:

  • It allows the creation of Chiliz fan tokens, which can be used as a means of exchange between sports teams and related organizations and fans.
  • Chiliz (CHZ), especially the agreements it has made with big football clubs, has caused its name to be heard.
  • The agreements he initiated with important football clubs in Turkey also led investors to invest in Chiliz. Considering such developments, Chiliz (CHZ) coin is expected to gain more value in the coming years.

To buy CHZ, you can easily complete your transaction by registering with one of the reliable exchanges and loading the balance to your account on the cryptocurrency exchange.


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