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What is Chiliz?
Chiliz (CHZ) is the native digital currency of the Chiliz sports and entertainment ecosystem. It fuels the Socios.com platform, where fans can engage with their favorite sports teams and clubs through Fan Tokens.
Key Features of Chiliz
- Socios.com: CHZ serves as the primary currency on Socios.com, allowing fans to purchase and trade Fan Tokens representing ownership stakes in sports teams and clubs.
- Fan Engagement: Fan Tokens grant holders voting rights on polls and surveys, influencing club decisions and potentially gaining exclusive rewards.
- Chiliz Chain: CHZ powers the Chiliz Chain, a Proof-of-Authority (PoA) blockchain purpose-built for Fan Tokens and high-performance transactions.
Uses of CHZ Token
- Fan Token Acquisition: CHZ is required to purchase Fan Tokens for various sports teams and clubs on Socios.com.
- Platform Participation: CHZ facilitates user interaction and participation within the Socios.com ecosystem.
- Staking (Potential Future): Staking CHZ for potential rewards is a possibility mentioned in some sources, but not yet confirmed by CoinMarketCap