Chiliz
Crypto Overview
Overview
Chiliz is a fintech platform that provides blockchain-based tools for fan engagement and monetization in sports and entertainment. The CHZ token serves as the native cryptocurrency of the Socios.com platform, which allows sports fans to purchase Fan Tokens of their favorite teams and participate in various decision-making processes.
Intended Utility
The primary purpose of CHZ is to serve as the exclusive cryptocurrency for purchasing Fan Tokens on the Socios.com platform. These Fan Tokens give holders voting rights on certain club decisions, access to VIP rewards, exclusive promotions, and other fan engagement features. The business model focuses on creating legitimate value through real partnerships with major sports organizations.
Actual Utility Assessment
Chiliz has demonstrated significant real-world adoption through partnerships with major sports teams including FC Barcelona, Paris Saint-Germain, Manchester City, and UFC. The platform has over 1.5 million active users and has launched more than 100 Fan Tokens. Development activity remains strong with regular platform updates and expansion into new markets.
Founder Analysis
The token distribution shows a structured approach with clear vesting periods. The team maintains approximately 20% of the total supply, with tokens locked in a transparent vesting schedule. The project demonstrates a balanced approach between marketing and development, with significant resources allocated to building partnerships and improving the platform infrastructure.
Technology and Revenue Model
The platform operates on a straightforward exchange model where users purchase CHZ to acquire Fan Tokens. The revenue model is based on token sales and transaction fees, avoiding interest-based mechanisms. The technology focuses on fan engagement rather than speculation or gambling.
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.