Chiliz is a blockchain specifically designed for sports and entertainment. It powersSocios.com, the first and biggest platform for fan tokens of famous sports teams.
Chiliz was established in 2018 by Alexander Dreyfus. Its private fundraising of that same year attracted high-profile investors and got $66 million. Now, Chiliz partners with more than 120 world-class sports teams and clubs, ranging from football like Manchester City, Arsenal, Paris-Saint Germain, Atlético de Madrid, A.S. Roma, and FC Barcelona, to UFC, Formula One giants, NBA leading teams, eSports winners, etc.
Fans need to purchase CHZ, the native token of Chiliz, to trade for fan tokens of their favorite teams. These fan tokens allow exclusive perks, frequent interactions, and special votings that decide things like celebratory songs or merchandise designs of the teams.
While CHZ is available as ERC-20 and BEP-2 tokens, the fan tokens are issued on a side chain that uses Proof-of-Authority (PoA) consensus mechanism. In PoA, node validators are chosen based on their identity and reputation. While it is less decentralized than PoW, this type of consensus mechanism is much more scalable and fast, making it ideal for the massive growth of fan tokens.
CHZ has a total supply of 8,888,888,888.
6,000,000,000 CHZ is in circulation.
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