Chiliz (CHZ)

Fan Engagement

Chiliz lets sports fans buy fan tokens to vote on team decisions like jersey designs, matchday activities, or player interactions. This makes fans active participants in their favorite teams.

Rewards and Exclusive Content

Fans holding Chiliz tokens can access special rewards, unique experiences, and exclusive merchandise offered by sports clubs and celebrities.

Platform Currency

Chiliz tokens are used as the main currency on the Socios.com platform and Chiliz Exchange, enabling transactions and participation in fan-related activities.

Blockchain Infrastructure

Chiliz powers a dedicated blockchain designed to support sports and entertainment use cases, ensuring fast, reliable, and scalable interactions for fans and teams.

Pros

• Chiliz is the first tokenized cryptocurrency exchange focused on sports and entertainment, allowing fans to engage with their favorite teams through fan tokens.
• It partners with major sports clubs like AC Milan, FC Barcelona, and Paris Saint-Germain, giving it strong brand recognition.
• The supply of Chiliz tokens (CHZ) is limited, which can help maintain value.
• It offers a unique way for fans to influence team decisions and access exclusive rewards.
• Supported by popular exchanges like Binance and KuCoin, making it easy to buy and trade.
• The platform has a growing global sports community, expanding blockchain adoption in entertainment.

Cons

• Chiliz tokens cannot be mined; all tokens are pre-created, so new supply is limited to what is already issued.
• It requires some setup for wallets and exchanges, which might be confusing for beginners.
• The value of CHZ can be volatile, influenced by market demand and sports partnerships.
• It is a niche crypto focused on sports, so its appeal may be limited compared to broader cryptocurrencies like Bitcoin.
• Some users find the ecosystem complex due to multiple platforms and token types (fan tokens vs. CHZ).

Summary

Chiliz offers a unique blend of sports fandom and blockchain technology, creating new ways for fans to interact with teams. It has strong partnerships and a limited token supply but is more specialized and may require some learning to use effectively.

Founders

Chiliz was founded by Alexandre Dreyfus. He is also the CEO of Chiliz and Socios.com. Dreyfus has a background in creating web-based companies and started Chiliz in 2018 to connect sports fans with their favorite teams through blockchain technology.

Institutional Investors

Chiliz has 6 to 8 institutional investors, including well-known names like Jump Trading, Binance, Black Edge Capital, Jets Capital, and Bee Blockchain Venture Capital Fund.

Private and Corporate Investors

In 2018, Chiliz raised $65 million through a private token sale with investors such as Binance, OK Blockchain Capital, and FBG Capital.

Strategic and Trading Firms

Jump Trading, a Chicago-based trading firm, has made equity investments in Chiliz, supporting its growth and expansion.

Ownership

Chiliz is owned by the Malta-based Mediarex Group, a global sports and entertainment company founded in 2000.

Halal Status of Chiliz

Yes, Chiliz is considered halal. It is viewed as a halal digital asset because it is used to buy fan tokens on platforms like Socios.com, which are focused on sports and entertainment engagement. The token operates ethically and transparently without involvement in gambling, making it permissible according to Islamic scholars and Shariah compliance screenings.