The current price of Chiliz is $0.036710. Since 00:00 UTC, Chiliz has increased by +3.79%. It currently has a circulating supply of 9,537,947,119 CHZ and a maximum supply of 9,538,036,119 CHZ, giving it a fully diluted market cap of $349.95M. At present, the Chiliz coin holds the 91 position in market cap rankings. The Chiliz/USD price is updated in real-time.
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Over time, loyal supporters have found various ways to express their unwavering support for their favorite teams. In the past, sports fans primarily showed their dedication through merchandise purchases and game attendance. However, the emergence of fan tokens has introduced a new avenue for fans to engage with their teams.
Chiliz (CHZ) has revolutionized the experience for entertainment and sports enthusiasts by offering branded fan tokens. With these tokens, fans can not only buy and trade but also actively participate in voting, surveys, and polls, further involving themselves in the decision-making processes of their beloved teams.
What is Chiliz?
Chiliz is a fintech platform that leverages blockchain technology to provide services to the entertainment and sports industries. Its native token, CHZ, is built on the Ethereum blockchain. With CHZ, fans can purchase fan tokens and become active sports community members.
By owning these tokens, fans can engage more deeply with their favorite sports teams, participating in governance and decision-making processes. This fosters a sense of belonging and community among fans without the need for significant financial investment. Notably, prominent football clubs like FC Barcelona, Paris Saint-Germain, and Juventus have issued their own fan tokens on the Chiliz platform.
The Chiliz team
Chiliz, founded in 2018, is led by its CEO, Alexandre Dreyfus, an experienced entrepreneur in the entertainment and travel industry. The team is comprised of several key members, including Emma Diskin, Thibaut Pelletier, Mark Verdegaal, Gilbert Camilleri, James Newman, Daniel Maglietta, Max Rabinovitch, Fiobian Manicolo, Dorianne Spiteri, Karim Virani, and Julian La Picque.
Dreyfus's expertise and industry connections have facilitated partnerships with notable individuals in the sports and entertainment world. One such collaboration is with Nicolas Maurer, the CEO, and co-founder of Team Vitality, a prominent esports organization. Additionally, the team has worked alongside Sam Li, the former Vice President of the NBA, further strengthening Chiliz's network and industry relationships.
How does Chiliz work?
Chiliz is designed to cater to the specific needs of the sports and entertainment industries, particularly intellectual property (IP) rights holders who are interested in exploring blockchain technology. The platform allows fans to actively engage and participate in the governance of their favorite brands.
By purchasing fan tokens, fans can have a say in various aspects of the brand, such as determining the team's starting lineup, jersey design, or color. This unique feature incentivizes fans to acquire more fan tokens and actively contribute to the decision-making process, enhancing their sense of involvement and ownership in the brand.
CHZ ledger
Previously, CHZ operated on the Ethereum blockchain to securely record and store transaction information. However, Chiliz has now developed its own independent layer-one blockchain, which powers the Socios.com app. This independent blockchain ensures that fan tokens and CHZ tokens within the Chiliz ecosystem are securely stored, easily traced, and confirmed.
CHZ Proof of Stake Authority
CHZ utilizes the Proof of Stake Authority (PoSA) consensus protocol, which enhances efficiency, and scalability and ensures a highly responsive network. This algorithm facilitates generating and authenticating fan tokens within the CHZ ecosystem.
CHZ use cases
CHZ has diverse use cases within the Chiliz ecosystem. It serves as the exclusive currency for purchasing fan tokens, which provide sports fans with voting rights and access to exclusive services, rewards, and facilities offered by their favorite brands.
CHZ enables fans to purchase tokens associated with their supported organizations and access various content, fostering a transparent relationship between fans and their favorite teams. Additionally, CHZ can be staked on multiple platforms, such as OKX Earn, offering additional opportunities for earning rewards.
CHZ tokenomics
The CHZ token has a total supply of 8,888,888,888 tokens. This unique number was intentionally chosen, and once the maximum supply is reached, no additional CHZ tokens will be issued.
Distribution of CHZ
CHZ distribution is structured as follows:
34.5 percent was allotted to token sales and pre-sales.
20 percent is reserved for userbase reserves.
15 percent is allocated to marketing operations.
Another 15 percent is channeled for strategic acquisitions.
3 percent is set aside for Chiliz advisors.
5 percent is dedicated to the Chiliz team.
7.5 percent of tokens are designated for seed investors.
What does the future hold for Chiliz
Despite the volatility of the crypto market, Chiliz remains successful in attracting numerous popular sports brands to its platform and offering exclusive benefits to fans who engage with the app. More sports organizations will likely choose to partner with Chiliz to create their own unique fan tokens. This ongoing trend suggests a promising future for Chiliz and its expansion in the sports industry.
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Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 564 new posts about Chiliz, driven by 294 contributors, and total online engagement reached 53K social interactions. The sentiment score for Chiliz currently stands at 76%. Compared to all cryptocurrencies, post volume for Chiliz currently ranks at 3931. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Chiliz.
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Posts
564
Contributors
294
Interactions
52,775
Sentiment
76%
Volume rank
#3931
X
Posts
414
Interactions
51,813
Sentiment
77%
Chiliz FAQ
What is CHZ token used for?
The primary use case of the CHZ token is to enable entertainment and sports fans to acquire fan tokens and actively engage with their favorite stars or brands.
What are the utility and benefits of holding CHZ?
Holding CHZ offers utility and benefits, including using one team-branded NFT as a voting token in community polls. Additionally, CHZ holders can enjoy rewards such as access to the leaderboard, VIP seats at brand events, and exclusive branded merchandise provided by entertainers or brands.
Where can I buy CHZ?
Easily buy CHZ tokens on the OKX cryptocurrency platform. Available trading pairs in the OKX spot trading terminal include CHZ/USDT, CHZ/USDC, and CHZ/BTC.
To view the estimated real-time conversion prices between fiat currencies, such as the USD, EUR, GBP, and others, into CHZ, visit the OKX Crypto Converter Calculator. OKX's high-liquidity crypto exchange ensures the best prices for your crypto purchases.
How much is 1 Chiliz worth today?
Currently, one Chiliz is worth $0.036710. For answers and insight into Chiliz's price action, you're in the right place. Explore the latest Chiliz charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as Chiliz, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Chiliz have been created as well.
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