Chiliz —— A Currency to Power Sport And Entertainment
- Chiliz (CHZ) is a digital currency for sports, e-sports, entertainment platforms, and adoptable across a wide range of industries. It aims to foster a blockchain ecosystem built for sports and entertainment.
- Chiliz enables sport teams and other organizations to create their fan token that can be used as mediums of exchange within the community.
- Notable partners include large football clubs like FC Barcelona, Paris Saint Germain, and Juventus F.C., which all have issued their fan tokens. These tokens are tradable on the Chiliz Exchange and Socios.com an application dedicated to sports fans.
- The in-app experience also allows for organizations to activate their offline fanbases with merchandise, giveaways, and exclusive experiences within the Chiliz ecosystem.
Chiliz ($CHZ) is a leading digital currency for sports tokenization, powering the world’s first scalable fan engagement & rewards app where fans can buy & trade branded Fan Tokens as well as vote in club-focused surveys & polls. Chiliz.net is the world’s first cryptocurrency exchange for sports, allowing crypto-enthusiasts and traders to speculate and trade Fan Tokens.
Chiliz, through its underlying blockchain platform, launched Socios.com, an application dedicated to sports fans, and a native token CHZ, which provides fans with a platform to link directly with the club. On the Chiliz platform, fans can purchase the platform’s native token CHZ, and then use it to purchase fan tokens for a club they like, vote on club affairs, and even directly participate in management or communicate with players.
Fan tokens on the Chiliz platform belong to equity tokens, and all fan tokens are minted through the Chiliz blockchain. At present, the platform has issued fan tokens for many luxury clubs including Barcelona, Paris Saint-Germain, Atletico Madrid, Juventus, Roma Football Club, etc.
Alexandre Dreyfus is the founder and CEO of both Chiliz and Socios.com. His professional portfolio includes numerous CEO positions. Dreyfus has also founded Webcity, a city tour-guide platform used across Europe. He has played a founding role in the creation of Winamax, the first-ever French online poker platform. Alexandre Dreyfus graduated from Lycee Jean Perrin in 1995.
Emma Diskin is the chief operating officer at Chiliz. She has been with the company since 2018 and has moved up the ranks, starting with a communications director position. Her professional career began as an account manager for Freud Communications in 1999. Since then, she has been an employee for brands like the Daily Mail and ITV, before joining Chiliz and Socios.com.
Max Rabinovitch is the chief strategy officer for Chilliz and Socios.com. He graduated in fine arts and psychology from the University of Colorado Boulder in 2008. Rabinovitch’s professional experience began as a head copywriter for Intersog in 2010. A year later, he became the creative director for ComboApp Inc. Since 2014, Rabinovitch has been an integral part of the Chiliz team.
Fan token issuance mechanism
Chiliz will set up an initial issuance stage for the sale of fan tokens, during which the price of the tokens will be anchored to the legal currency. After the end of this period, all tokens will be launched on the secondary market, and the price at this time will float freely with the supply and demand of the market.
Fan tokens will be issued simultaneously on the Socios.com and Chiliz.net platforms. The difference is that the quotas provided by the two platforms will be slightly different. During the initial issuance, each user will also have a maximum purchase limit- This will prevent predators from monopolizing the market and allow more true fans to have equal and fair participation opportunities.
In addition, since fan tokens are issued based on clubs, the internal factors that drive the price of tokens are different from those of general encrypted tokens: the price of fan tokens is mainly affected by the performance of the issuing club, player transfers, fan size, etc.
Chiliz, as the only token used by Socios.com, allows fans in the field of sports and e-sports to obtain "joint control" rights in the form of voting, and then participate in team management and strategic decision-making. Any league, team, and event can implement this model through the application of blockchain. Fans can become opinion leaders in any competition project by using Socios.com, a platform paid by Chiliz. Conversely, various projects in the field of sports and e-sports, such as teams and leagues, can also realize fan economics by giving fans certain decision-making power.