Chiliz Live Price

What is Chiliz?

Chiliz (CHZ) is a blockchain-based token created particularly for sports and entertainment fields. The currency is mainly used on the Socios.com platform which includes sports tokens from famous sports teams such as Juventus, AS Roma, Atlético de Madrid, FC Barcelona, Galatasaray, and Paris Saint-Germain. CHZ allows sports fans to support their teams by purchasing their digital collectibles.

History of CHZ coin

CHZ was created in 2012 by Mediarex Group which is a global sports organization located in Malta. They created the Socios.com platform in 2019 and Juventus was the first sports team to introduce tokens on this platform.

How does CHZ work?

CHZ works on the Ethereum blockchain as a fungible utility token. Its use is only to purchase fan tokens and other digital collectibles as sports NFTs (non-fungible tokens).

Tokens on Socios are named Fan Tokens as fans of these sports teams trade in them. Worth mentioning that these tokens are fungible and their value changes upon the current market status. These fan tokens are minted on the CHZ blockchain which uses smart contracts where users of the platform are allowed to vote on the tokens. Also, traders can receive promotions and rewards in some cases when buying and selling tokens using CHZ coins.

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How much is Chiliz worth?

Chiliz (CHZ) is worth 0.19 USD as of March 15, 2022, 2:17 am UTC time. View the interactive graph to see how much Chiliz has changed in the last hour or historically. Chiliz (CHZ) is an Ethereum token that powers Socios.com, a platform that lets users trade tokens to show their support for professional sports teams. The tokens on Socios.com — called Fan Tokens — make users eligible for rewards and promotions and can also be used to influence team decisions by popular voting on the Chiliz blockchain.