Founded in Malta by Alexandre Dreyfus on January 1, 2012, Chiliz is a tokenized voice platform that empowers sports fans to become influencers in their favorite team.
Chiliz token (CHZ) is specifically the official cryptocurrency of Socios.com platform, a turnkey solution for sport and esport organization. Socio.com specializes in helping organizations monetize their fan base through a customized Fan Token Offering (FTO).
Chiliz’s ambition is to provide a coin with which sport and esports lovers can buy direct voting power in their favorite football clubs. In this way, fans can influence decisions in their favorite team and as well have a say in the league, because their status would be upgraded from being a mere spectator to active participants in their chosen or beloved team.
The project serving as a pioneer digital currency in the world of sport with a solid foundation of attracting huge adoption via sports and esports entertainment platforms. Chiliz however was not established to become an ‘insider’ asset in the blockchain industry but rather, it was created to serve casual ‘non-tech’ consumers across numerous organizations.
Introductory Guide to Chiliz Token (CHZ)?
CHZ is a ‘neutral’ cryptocurrency just like Bitcoin (BTC), Cardano (ADA), Ethereum (ETH), and others. It is the exclusive digital currency of the Socios.com app, and the only cryptocurrency that can be used for buying Fan Tokens.
This token gives users the ability to buy their preferred club merchandise and other products of the club, using their customized Fan Tokens. Chiliz Token (CHZ) was created to help bridge the gap between the cryptocurrency industry and the sports world, allowing users of cryptocurrency who are sport lovers make purchases directly without needing to use fiat currency.
What is Fan Token?
Fan Tokens is a fully fungible digital asset that comes with voting right and VIP club rewards. Fan token is team specific and limited in circulation. Fan token, due to its fungible nature could be traded either on socios.com market place or other platforms.
Where to Buy Chiliz Tokens ($CHZ)?
$CHZ can be bought from public crypto exchanges such as Binance.com, or directly via Socios.com. Chiliz (CHZ) can also be bought quickly and easily from Bitnovo with your debit or credit card. Also, you can buy Chiliz CHZ token with Bitnovo vouchers, it is redeemable in physical stores by Chiliz CHZ in Portugal, France, Spain, and Italy.
Where to Buy Fan Tokens?
Fan token can be bought using Chiliz (CHZ) on the socios.com app or other fan token exchange platforms that are in partnership with the Chiliz blockchain.
Where to Store Chiliz ($CHZ)
Chiliz (CHZ) can be transferred to Socios.com wallet after buying it from Bitnovo or other public Crypto exchanges. Chiliz and Bitnovo are new partners.
ChiliZ (CHZ) is compatible with any Ethereum wallet such as Metamask or MEW (MyEtherWallet). CHZ is traded on Binance, Bilaxy, BitMax, and KuCoin.
Key Features of ChiliZ Cryptocurrency
Few of the amazing features of ChiliZ enjoyed by its users include:
Superfast Transaction Processing
Chiliz process transactions faster when compared to some other cryptocurrencies because it utilizes a consensus mechanism named “proof of authority” which works based on a private network.
Less Technical Complexities
The project, as a fan-supported platform, was been designed to operate in such a way that it eradicates technical complexities experienced on other cryptocurrency platforms while trading. Thus, sport lovers can now enjoy the use of cryptocurrency easily.
ChiliZ Token issued by the ChiliZ blockchain is an ERC-20 token, it is based on Ethereum network. ChiliZ token is utility decentralized, which means it could be rebranded to suit the taste and the mark of the team which it’s related to.
The project however has plans to integrate ChiliZ.net with Socios.com, this will allow users to transfer their stored assets on Socios to Chiliz and vice versa. This makes the project the first crypto exchange that is not focused on traditional cryptocurrency product.
Benefit of Chiliz
As a sports lover and enthusiast, Chiliz accord you to have a say in the decision making of your favorite sporting team. With Chiliz, you cease being a mere spectator and become an active contributor.
Furthermore, the digital asset allows you to trade, hence, you can at the same time support your favorite team and make some cool profit as well.
It is also possible to earn tokens by participating in polls within the app and obtain prestige rising in the rankings of super fans.
Another major advantage of the platform is its financial transparency. Being under full regulatory supervision, the company works under the European Union banking system. What this means is that it has verified and publicly available accounts.
History of Chiliz
Things started taking a different look in the cryptocurrency world after the launch of Bitcoin in 2009. The hike in the price of Bitcoin draws massive investors to start considering crypto over fiat currencies, the invention of Ethereum on the 30th of July 2015 kick-started a huge revolution in the history of cryptocurrency.
A lot of other Altcoins were also created afterward. On the 1st of January 2012, a notable cryptocurrency was born. The Chiliz blockchain came to live this day as a tokenized blockchain platform whose aim is to empower sports enthusiasts in becoming decision influencers in their favorite teams.
Chiliz has over the years performed groundbreaking feats in the crypto world. The Chiliz blockchain, in May 2019, signed a strategic partnership with Binance Chain, after Chiliz platform had garnered billions of audiences across the globe.
These audiences were so large because the gaming and esports consumers are constituted by the digitally and tech-savvy who are young generation. The Binance partnership made way for more features and products on the ChiliZ platform which include instant payments and prepaid gift cards, and this has so far expanded the reach of the platform.
Today, Chiliz operates with over 50 team members across over 20 countries, with offices in France, Singapore, Lyon, etc. Aside from Socios.com the blockchain has been actively adding more football and esport organizations to its roster of the tokenized platform.
Chiliz Trading History and ICO
The company raised 66 million USD via private token sale reaching the specified hard cap. The shareholders include top venture capital firms, Financial Group, and well-known business leaders. The private placement was completed in June 2018.
Chiliz Token distribution: 15% strategic acquisition, 15% marketing operations, 20% user base reserve, 34.5% private placement of tokens, 7.5% to investors, 5% of the team, 3% of the advisory board.
On the 2nd of July 2019 ChiliiZ hit an all-time high of $0.017907 against the US Dollar. It currently holds a market cap of $55.91M. Chiliz has had 71% transparent volume and has been trading on 27 active markets with its highest volume trading pairs being BTC ($2.09M), USDT ($1.31M), and KRW ($315,324).
Chiliz has an estimated circulating supply of 4,782,431,150 $CHZ and it is estimated that $CHZ has a maximum supply of 8,888,888,888. Chiliz is currently traded on 16 exchanges, with the top exchanges being Binance ($2.86M), Bilaxy ($338,767), and Upbit ($314,196).
The Chiliz blockchain has set up numerous strategic alliances in different disciplines, which are actively working from various regions. The Maltese government has shown its support for the project. Playtech, the global largest iGaming provider has also agreed to support the $CHZ platform. In addition to the aforementioned partners, other partners that have accepted to support the promising digital asset include digital marketing institute, e-sports celebrities, and leading e-sports in Southeast Asia.
With such an outstanding partnership it will be far beyond doubt that the ChiliZ blockchain project has a relatively high potential of conquering the global esports market.
The Chiliz team encompasses people of great minds from various fields and backgrounds equipped with vast years of experience. They work together sharing the stream of experiences to make sure the ChiliZ blockchain delivers the best services. Here are the Team members:
- Alexander Dreyfus, Chief Executive Officer of the project who doubles as the co-founder of Winamax, the biggest French online poker room.
- Thibaut Pelletier, Chief Technical Officer
- Richard Sambron, Head of Studio
- Axel Anicette, Video Production Associate
- Beatrice Collet, Managing Director chiliZ Blockchain Campus
- Tom Pickering Esports, Content & Community Manager
- Daniela Medici, Office Manager
- Siana Jennings, PR & Events Executive
- Lars Langenstuck, Esports Partnership Manager
- Dorianne Spiteri, Legal & Compliance Manager Malcolm Pace UX/ UI Designer
- Joe Grech, Social Media, and Content Manager
- Jade Cruickshank, Chief People Officer
- Fiobian Manicolo, Chief Financial Officer
- Eric Castillo, PHP Developer
- Marius Mikusauskas, Head of Backend Development
- Waylon Johnston, Corporate Comms & Content Manager
- Karen Sciberras Paller, Product Owner
- Calvin Sammut, Digital Comms Manager
- Lara Xuereb, Front End Developer
- Max Rabinovitch, Chief Strategy Officer
- Emma Diskin, Chief Marketing & Communications Officer
- Magnus Linder, Head of Partnerships & Business Development
- Roberto Umana, Senior Editor, Digital Assets
- Max Orlovsky, Head of Gaming Development
- Carlos Muray, Senior Graphic Designer
- Sarah Scicluna, Senior Graphic Designer Team Amenities
- Christos Georgiou Senior Backend Developer
- Francesco Lucia, Talent Acquisition Specialist
- Lomi Park Korean, Comms & Content Executive
Chiliz ($CHZ) Future Roadmap
Chiliz ($CHZ) has an innovative roadmap. The $CHZ roadmap is one that shows vision coupled with a keen interest in user satisfaction.
ChiliZ aims at expanding to traditional sport during the last stage of 2020 Q3, this is in a bid to have its voice crowd management and trading system get utilized by conventional sports organizations. Also, immediately after this phase, the company intends to incorporate with organizations in Southeast Asia and to support the roll-out of Global player league (GPL) in China.
Q2 2020: First branded esport league outside the GPL ecosystem goes live in the ChiliZ environment.
Q3 2020: The first traditional sports team goes live with Socios via Chiliz implementation.