The beauty of the concept of blockchain is its use cases in our everyday world. So, it is no wonder that someone would come up with the idea of combining cryptocurrency and sports. Chiliz took up the mantle to become the digital currency for sports entertainment platforms.
Since its inception, Chiliz has been driving up sports tokenization by being a platform for sports and esports fans to crowd-manage their favorite teams, games, leagues, and events. It thus allows the ultimate fan engagement. Fans can thus buy branded Fan Tokens (fully fungible digital assets) and vote in club-focused surveys & polls. Moreover, it also has the world’s first cryptocurrency exchange for sports, Chiliz.net. This is the platform for crypto-enthusiasts and traders to speculate and trade Fan Tokens.
The token ticker for the Chiliz digital currency is $CHZ which can be used to buy Fan Tokens. Point to note, both $CHZ and Fan Tokens utilize the ERC 20 token standard. The finite total supply of $CHZ token is 8,888,888,888 (8.8 billion).
Besides, Chiliz serves as the exclusive currency of the Socios.com platform, the shared, internal marketplace where football clubs can run Fan Token Offerings.
In this section, we bring you the stories of the latest offerings from Chiliz and its ever-increasing partnerships with sports entities bringing fans to the crypto space.