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What is CHZ?

Chiliz is the utility token for a blockchain-based sports and entertainment platform called Socios. Founded by Alexandre Dreyfus, its CEO, Socios.com aims to revolutionize sports with technology by enabling users to form a deeper relationship with brands they love.


Chiliz enables this by helping sports franchises issue fan tokens that will enable participants to influence the choices of their favorite brands. These fan tokens are minted on the Chiliz network, an Ethereum sidechain, and can be purchased with the Chiliz token, CHZ. Fan tokens grant holders privileges such as voting rights on club-related matters and exclusive rewards.

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