Chiliz (CHZ) is a digital currency developed by a Malta-based FinTech provider for use in sports and entertainment. It powers the Socios platform, a blockchain-based sports entertainment platform that enables users to participate in the governance of their favorite sports brands. By acquiring CHZ, fans can access various fan tokens, which allows them to participate in their club's decision-making process. This approach aims to bridge the gap between active and passive fandom. Chiliz has formed partnerships with globally recognized sporting institutions, including FC Barcelona, Manchester City, Juventus Turin, and Paris Saint-Germain, as well as the UFC and gaming organizations.

Chiliz operates through a unique system where each sporting organization using its technology has a limited supply of fan tokens offered at an initial Fan Token Offering (FTO). These tokens are available on a first-come-first-serve basis, with the opening price and fully diluted market cap disclosed by Chiliz beforehand. The native CHZ token is used to acquire fan tokens and serves as the platform’s internal currency. Fans can then vote on the Socios platform with their fan tokens, a process facilitated using smart contracts. The level of influence fans have is determined by the clubs, with decisions ranging from new jersey designs to deciding team matchups in exhibition games.

Chiliz aims to change fan engagement in sports and entertainment. It enables fans to participate and influence club-related decisions through surveys and polls, thereby enhancing their connection with their favorite sports brands. This could include decisions on messages the captain should wear on his armband or even team matchups in exhibition games. Additionally, Chiliz aims to unlock potential new revenue streams for sports clubs and associations through the sale of fan tokens. The company is also focused on promoting blockchain technology adoption across Asia and Europe through the Chiliz Blockchain Campus, a privately-owned crypto incubator.

Chiliz was founded in 2017 by Alexandre Dreyfus, who has over 20 years of experience in founding and growing web-based companies. His explicit goal with the company is to establish Fan Tokens as a fan engagement tool and a potential new revenue generator for the sports industry. This vision is reflected in the expansion of fan tokens, which has attracted numerous European football clubs, as well as smaller clubs. The total supply of CHZ is 8.8 billion, minted at its launch in October 2018 and distributed to early contributors with no public sales beyond the initial distribution. Initially, CHZ launched as an ERC-20 token, but it was later also designed to be BEP-2 compatible.

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The current market cap of Chiliz is $500.847M. A high market cap implies that the asset is highly valued by the market.

The all-time high of Chiliz is $0.89. This all-time high is highest price paid for Chiliz since it was launched.

Over the last 24 hours, the trading volume of Chiliz is $128.695M.

Assets that have a similar market cap to Chiliz include Artificial Superintelligence Alliance, TrueUSD, Virtuals Protocol, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of Chiliz is 10 billion.

Chiliz ranks 57 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

Currently, 97% of Coinbase users are buying Chiliz. In other words, 97% of Coinbase customers have increased their net position in Chiliz over the past 24 hours through trading.