Chiliz CHZ Price

Chiliz History

• In 2018, Chiliz was created by entrepreneur and crypto-enthusiast Alexander Dreyfus as a subsidiary of Mediarex Group.
• In 2018, Chiliz raised $66 million through closed-end investment rounds. The key investors were Binance Labs, CeYuan Ventures, Jump Capital and Kosmos Capital.
• In the fall of 2018, the CHZ native token was released on the Ethereum network and comes with an ERC-20 standard.
• At the end of December 2019, the Chiliz development team launched Socios.com, a platform for sports fans constructed using Chiliz Chain's own blockchain.
• In early 2020, the centralized cryptocurrency exchange Chiliz.net, which is marketed as the world's first exchange for sports and entertainment, was launched.
• In August 2022, blockchain company Chiliz invested $100 million in the digital world of FC Barcelona through the purchase of a 24.5% stake in Barça Studios, which develops digital content.
• In May 2022, the famous soccer player Lionel Messi signed a three-year contract with Socios.com worth $20 million and became an ambassador of the brand, engaging in advertising campaigns and promotions.
• On February 8, 2023, the Socios fan blockchain platform network, Chiliz Chain, launched a first-tier blockchain. It is compatible with the Ethereum virtual machine and focuses on NFT, blockchain gaming, and ticket sales for live matches. The launch was timed to celebrate Chiliz's five-year anniversary.
• Later the project will announce up to ten startups that will work in the Chiliz network, in different areas: NFT ticket sales, tokens for sports fans, and Web 3.0 infrastructure development in the areas of sports and entertainment.

Today, Chiliz (CHZ) can be bought on many cryptocurrency exchanges. Once purchased, the cryptocurrency can be held in any ERC 20 / BEP-20 based cryptocurrency vault. The maximum amount of CHZ supply is 8.88 billion tokens, with more than six billion of them in circulation at the beginning of 2023.

The part of CHZ received from the sale of fan-tokens, NFT and collected trading commissions on the crypto-exchange Chiliz.net will be burned. In total, more than 65 million tokens have already been burned in this way.

Additionally, users can have an influence on teams or even leagues.

Moreover, fan tokens can also be used to get special merchandise and participate in meet-and-greets. Token holders will receive exclusive offers and rewards from their favorite team.

Socios.com

Socios.com is a platform powered by the Chiliz token, and it is a management system that allows fans actively participate in the management of various events. You can do this by purchasing fan tokens, and it is implemented by deploying tokenized voting rights. This is implemented by using smart contracts on the Socios.com platform.

Socios.com became the first blockchain project that began producing digital assets specifically for sports fans. The so-called Fan Tokens are exchangeable assets of the ERC-20 standard and are generated in the Chiliz Chain network.

Before a new team can join Socios.com, it must provide a certain number of fan tokens that fans can buy at a fixed price using CHZ tokens as payment. Once the fan tokens have been purchased by users, they can be used on Socios.com or be placed on the public market. An initial fixed price is needed to ensure that all starting users are on equal terms.

Summary

The opportunity to monetize the fan community has been in great demand among sports teams and people who have organizing functions in the world of sports.

The introduction of Chiliz Coins (CHZ) is beneficial for everyone involved: athletes and organizers get additional funds, while fans get the opportunity to participate in the sports life of their favorite players. In addition, token holders are able to earn money by selling them at a higher price in the future.