CHILI

Purpose and Utility

Chiliz (CHZ) is the native cryptocurrency of the Socios.com platform, a blockchain-based sports and entertainment platform that enables fans to participate in the governance of their favorite sports brands through Fan Tokens. The platform allows sports teams and organizations to create their own tokens, which fans can purchase using CHZ.

Business Model Analysis

The business model centers around providing sports fans with influence and engagement opportunities with their favorite teams through tokenization. Teams can create Fan Tokens, which holders can use to participate in polls, access VIP rewards, and exclusive promotions. The model involves real asset exchange and creates tangible utility for both sports organizations and fans.

Real-World Adoption

Chiliz has established partnerships with major sports organizations including FC Barcelona, Paris Saint-Germain, Manchester City, and UFC. The Socios.com platform has over 1.5 million users and has launched more than 100 Fan Tokens with various sports organizations.

Development Activity

The project maintains active development with regular updates to the Socios.com platform and its underlying infrastructure. The team continues to expand partnerships and improve platform functionality.

Token Distribution

The total supply of CHZ is 8.8 billion tokens. While detailed information about current token distribution is not publicly available, the project maintains transparency about token utility and platform operations.