Chiliz
Crypto Overview
Purpose and Utility
Chiliz (CHZ) is the native cryptocurrency of the Socios.com platform, which focuses on fan engagement in sports. The token powers a blockchain-based platform that allows sports teams and organizations to create Fan Tokens, enabling fans to participate in various decision-making processes and access exclusive rewards.
Business Model
The business model revolves around creating a bridge between sports organizations and their fans through blockchain technology. Teams can launch their own Fan Tokens through the Chiliz platform, which fans can purchase using CHZ tokens. These Fan Tokens grant voting rights on certain club decisions, access to VIP rewards, and exclusive promotions.
Real-World Adoption
Chiliz has established partnerships with major sports organizations including FC Barcelona, Paris Saint-Germain, Manchester City, UFC, and numerous other prominent sports brands. The platform has shown significant adoption with millions of users on Socios.com and continues to expand its partnerships.
Platform Development
The project maintains active development with regular updates to both the Socios.com platform and the Chiliz Chain 2.0, their own blockchain infrastructure. The team consistently releases new features and integrations, demonstrating ongoing technological advancement.
Token Distribution
The token distribution includes allocations for team development, marketing, and strategic partnerships. While early investors and team members hold significant portions, there are established vesting schedules to prevent large-scale dumping.
Crypto Impact
To assign a comfort level investing in Chiliz from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Chiliz.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.