Last Updated 18/07/2021
After three years in design, Chiliz (CHZ) was launched in 2018 as an ERC-20 token hosted on the Ethereum network. The Malta based Chiliz (CHZ) is a cryptocurrency utility token for blockchain-backed products and services geared towards the competitive online space for sporting and e-sporting user fanbases.
The protocol enables the minting of tokens for a respective Sporting or E-Sport association, which are then valued on their native Chiliz Exchange. The marketplace will then facilitate the trade of the Fan tokens for Chiliz which will hold a respective dollar value. The valuation of the tokens will fluctuate on multiple factors, including the organisations perceived success, interest, demand and the price of Chiliz (CHZ).
Chiliz (CHZ) has attracted institutional attention in the form of high-profile partnerships with the biggest brands in the sporting world namely but not limited to European football. The first adoptee was Italian giants Juventus which has soon been followed by other heavyweight clubs such as AC Milan, FC Barcelona, Manchester City, Paris Saint Germain and a catalogue of regional champions across Europe and beyond. Chiliz (CHZ) has also attained partnerships within the flourishing E-Sports sphere as well as box office sensation the UFC.
These huge partnerships have provided Chiliz (CHZ) with wide-scale appeal by tapping into the relationship between fans, clubs and thier sporting champions. In return Chiliz (CHZ) provides its partners with a whole new platform to engage and monetise its fanbase via blockchain-based interactions.
Socios is the associated platform that enables fans to exchange their Chiliz (CHZ) for fan tokens, which can then be exchanged for unique privileges. These benefits include tokenised voting rights to enable fans to have an influence on minor and major decisions within their organisations, the tokens also behave similarly to a membership card and provides access to rewards, merchandise and experiences. Fan Tokens are emitted on Socios.com’s own Proof of Authority side chain. All fan influence polls are executed as smart contracts on the Proof of authority side chain.
The Chiliz team has plans to appeal to more organisations even after capturing industry leaders in European football, there are plenty more partnerships to be formed in the sporting and e-sporting world that will only widen Chiliz (CHZ) appeal and popularity.
"In this way, Chiliz hopes to increase daily participation from the current 15,000 users to around 50,000 users."
A significant and one of the most important areas in the roadmap for Chiliz are Non-fungible tokens (NFT's). With their mission to satisfy and fulfil fan's motivations and instinct to collect sporting memorabilia, the platform are planning to implement such products and services to benefit their holders.
H1 - 2021
Chiliz has implemented a Predictor feature, a tried and tested model popular amongst stakers and gamers. The activity involves players predicting the score of various sporting matches amongst the entire community, to in turn draw traffic and interest to the platform. Participants that predict correctly are eligible for rewards ranging from XP, which can be used in-house for other benefits as well as generous $CHZ prizes.
Chiliz has branched into another bustling ecosystem by introducing its services to the Indian Premier League, which is often regarded as the apex of cricket leagues. The Chiliz team has already begun working with three of the cricketing franchisees; the Royal Challengers Bangalore, Kolkata Knight Riders and Punjab Kings. Teams within this prestigious league have extensive fanbases worldwide, and also have deep regional connections, with high-profile games exceeding a viewership of 150 million. This migration speaks volumes for the adaptability of Chiliz appeal as it can capitalise on various fanbases without facing resistance from geographic boundaries and proves its desire to surmount new markets.
H2 - 2021
Expansion into the world of international football has already gone underway, with Argentina becoming the first national team to collaborate with Chiliz, recently hosting a Fan Token Offering (FTO) for $ARG at $2 capturing a team featuring Lionel Messi who is the 2nd highest-paid athlete of 2021.
In a similar timed fashion, Portugal is also due to commence a Fan Token Offering, with Cristiano Ronaldo on their roster who has the largest digital fanbase with 200m Instagram followers. With Portugal and Argentina set to become the first tokenised nations, it appears to be set up to incite both the Ronaldo and Messi fanbases who are considered amongst some of the most popular footballers of all time.
Alexandre Dreyfus is the founder and CEO of Chiliz (CHZ) and partner website Socios.com. Alexandre’s array of experience orbits the leisure and gaming industry, founding both a successful city tour platform scaling around Europe and facilitating the creation of Winamax, the first French online poker establishment.
Emma Diskin is currently the Chief Operating Officer for Chiliz (CHZ) and partner website socios.com and has occupied positions in the public relations and social media for both organisations previously. Emma has also worked for Lottery organisation Camelot and ITV in similar capacities.
Max Rabinovitch is Chiliz’s (CHZ) chief Strategy officer and author of the projects white paper. Max has had an extensive career as a freelance creative strategist and has collaborated with conglomerates Nestle, MacDonalds, and Sony.
Trust Wallet is a mobile-app wallet only, supports Chiliz (CHZ) and is recommended for use on their platform. This option is available on both Android and iOS and requires users to create and securely store their own recovery phrase.
In addition, as CHZ tokens are built on the Ethereum network, they can be stored in any wallet compatible with Ethereum-based (ERC20) transactions. Alternative options to keep your CHZ secure can therefore include the leading hardware wallet provide Ledger, as well as My EtherWallet.
You can Buy & Sell Chiliz (CHZ) by heading over to the Buy Coins page of our website. Chiliz (CHZ) is available on BC Bitcoin trading against major fiat currencies: GBP and EUR. Buying Chiliz (CHZ) has never been easier, simply place your order and provide your wallet address. Once your payment arrives Chiliz (CHZ) will be sent directly to your wallet. If you choose to Sell Chiliz (CHZ) you can send us the coins and receive a payment to your bank account. Details and valuation can be found on the Sell Coins page.
Block Explorer: https://explorer.chiliz.com/
Chiliz (CHZ) Blockchain Campus: https://www.chiliz.com/blockchaincampus/
Disclaimer: The information provided in this article is intended for informational purposes only. It is the readers responsibility to complete their own research and due diligence.
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