Overview of Chiliz (CHZ)
Chiliz ($CHZ) is the native cryptocurrency of the Chiliz blockchain, primarily used to power fan engagement platforms like Socios.com. It enables sports and entertainment organizations to create branded fan tokens, offering fans voting rights and exclusive perks.
Key Features of Chiliz (CHZ):
- Fan Token Ecosystem: Partners with major football clubs (e.g., FC Barcelona, Paris Saint-Germain) to issue branded tokens.
- Utility: Used for in-platform transactions, voting, and rewards.
- Blockchain: Built on Ethereum (ERC-20) with plans for Chiliz Chain 2.0 upgrades.
Token Distribution
| Allocation | Percentage | Details |
|--------------------|------------|------------------------------------------|
| Private Sale | 33% | Sold to institutional investors (2018). |
| Public Sale | 6% | IDO/ICO rounds (2018–2019). |
| Ecosystem Fund | 20% | Reserved for partnerships and development.|
| Team & Advisors| 15% | Locked for 2 years. |
| Liquidity | 26% | Exchange listings and staking rewards. |
ICO/IDO Information
Private Sale (June 2018)
- Price: $0.01 per CHZ.
- Participants: Institutional investors.
- Raised: Undisclosed (closed early due to high demand).
Public Sale (2019)
- Platform: Socios.com and partner exchanges.
- Price: $0.02–$0.04 per CHZ.
- Total Supply: 8.8 billion CHZ.
Market Performance (2024)
- Current Price: $0.0356.
- 24-Hour Range: $0.0355–$0.0371.
- Circulating Supply: 9.7 billion CHZ (103.58% of max supply due to burns).
👉 Track CHZ live price updates
FAQ
1. What is Chiliz (CHZ) used for?
CHZ fuels fan engagement on Socios.com, allowing users to buy club-branded tokens and participate in polls.
2. How can I buy CHZ?
Purchase CHZ on major exchanges like 👉 OKX, Binance, or KuCoin.
3. Is Chiliz a good investment?
Potential depends on sports partnerships and adoption of fan tokens. Research market trends before investing.
4. What’s the max supply of CHZ?
Initially 8.8 billion, but burning mechanisms adjust circulation dynamically.
Future Prospects
Chiliz plans to expand into NFTs and metaverse integrations, aiming to dominate the sports-tech sector.
👉 Explore Chiliz staking options
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