What is Chiliz (CHZ)?
Chiliz is a fintech company that applies blockchain technology to revolutionize the world of sports and entertainment. Its native token, CHZ, powers the Socios.com platform, a consumer interface that allows users to buy tokens, support their favorite teams and stars, and claim exclusive rewards. Altogether, Chiliz project and Socios.com platform are touted as creators of a new category of tokens, the fan tokens.
What makes it unique?
Chiliz brings the concept of governance from DAOs to the sports and entertainment industries. People who hodls CHZ can trade them for tokens exclusive to their teams, and these allow them to vote on decisions just like into community-governed projects;
Powered by the blockchain technology, the CHZ token offers to sport clubs and entertainment companies a safe and sound way to interact with their fans. Ways that can't be done with simple fidelity programs;
Sport clubs and brands can mint their own fan tokens. Socios.com offers a marketplace for these tokens to be sold and traded;
Fans can use the CHZ tokens to buy exclusive items and redeem exclusive rewards offered by the sports club or brand.
It is about time until blockchain technology revolutionizes all industries on the planet. Chiliz is the one bringing such revolution to the sports and entertainment industry. What the project and its token do is, but, to breed two markets that already existed: the fan bases from sport clubs and brands willing to pay support, and crypto enthusiasts willing to buy and trade tokens. CHZ is a way to use the blockchain to support, interact with, and profit from your beloved team, athlete, or brand that uses the Socios.com platform.