Chiliz

Chiliz is a blockchain ecosystem aimed at helping sports clubs and entertainment brands engage with their fans through digital assets. CHZ was originally issued as a token on Ethereum; today it functions as the native coin of the EVM-compatible Chiliz Chain, while its Ethereum version also remains in existence. A known application in the ecosystem is Socios.com, where fan tokens belonging to clubs are bought and sold.

Fan tokens give holders rights such as voting in some polls organized by the club and access to exclusive content and rewards; these tokens are issued on Chiliz Chain. CHZ is used to pay transaction fees on the chain and to access fan tokens. Chiliz Chain runs on a consensus model called proof of staked authority (PoSA), in which validators and those who delegate to them stake CHZ to take part in block production and governance.

Factors that can affect the CHZ price include the vitality of partnerships with sports clubs, interest in fan tokens, periodic events such as big tournaments and regulations on crypto assets in sports sponsorships. The Chiliz chart on Lzzo.com shows the series formed by converting the CHZ/USDT price on Binance into dollars at the Coinbase Exchange USDT/USD rate.