Chiliz

About Chiliz (CHZ)

What Is Chiliz (CHZ)?

Chiliz is the native token of Chiliz Chain, an EVM compatible layer 1 blockchain built for sports and entertainment. The chain settles Fan Tokens, licensed assets issued with clubs and leagues that supporters use on Socios.com to vote in polls and earn rewards. CHZ pays gas, secures the network through staking and delegation, and carries onchain governance weight.

Official resources:

• Website: https://www.chiliz.com/
• Developer docs: https://docs.chiliz.com/
• Fan platform: https://www.socios.com/
• White paper: https://www.chiliz.com/CHZ_whitepaper_v1.1.pdf
• Governance: https://governance.chilizchain.com/governance
• Explorer: https://scan.chiliz.com/

Who Founded Chiliz? (History)

Chiliz was founded by Alexandre Dreyfus, who previously built Mediarex Sports and Entertainment. The Chiliz Group Limited in Malta is named as issuer of CHZ. There was no public sale: the 2018 token generation event ran through private placements, raising roughly 65 million dollars at 0.032 dollars per CHZ in a round closed on 8 June 2018. Fan Tokens followed in 2019. CHZ was minted on Ethereum and migrated when Chiliz Chain launched in May 2023, retiring the original permissioned Legacy Chain.

How Chiliz Works

Chiliz Chain is a fork of BNB Smart Chain, so it is EVM compatible and works with standard Ethereum tooling on chain ID 88888. Consensus is Proof of Staked Authority, a hybrid of proof of authority and proof of stake: blocks come from a limited validator set that takes turns, with membership decided by staking governance. The chain runs 11 active validators with a three second block time and epochs of 28,800 blocks.

Tokenomics were reset by governance after the migration: the Dragon 8 upgrade, approved with 85.13 percent of votes in favor and implemented on 6 May 2024, set inflation at 8.80 percent in year one, declining to a 1.88 percent floor after 14 years, paired with fee burning modeled on EIP-1559.

Key Ecosystem Components

• Chiliz Chain, where CHZ is the native CAP-20 asset
• Fan Tokens, licensed club assets, with more than 70 official tokens issued
• Socios.com, the non custodial app for club polls and reward points
• The onchain governance portal for validators and delegators
• Bridges connecting CHZ to Ethereum, Base and Solana

CHZ Token Utility

The white paper lists four utilities and no others: paying gas, staking to run a validator node with a minimum of 10,000,000 CHZ, delegating to a validator with a minimum of 0.01 CHZ, and voting on governance proposals, with rewards drawn from transaction tips and per block inflation. CHZ and Fan Tokens are separate assets: a Fan Token is issued for one club and grants poll voting and reward access inside Socios.com, which states plainly that Fan Tokens are not securities or regulated products.

What Makes Chiliz Unique?

Chiliz is one of very few blockchains with a defined vertical and a real commercial partner base. Its published validator list includes recognizable institutional and sports names, unusual where validators are usually anonymous.

How Chiliz Differs from Similar Projects

Against general purpose chains, Chiliz optimizes for a narrow set of consumer applications and accepts a smaller validator set as the price. Against metaverse tokens such as Decentraland or The Sandbox, which monetize virtual land and items, it monetizes offline fandom and club licensing deals.

Use Cases of Chiliz

Documented uses include paying gas, staking or delegating for rewards and governance weight, acquiring Fan Tokens for club polls, and building EVM applications, which the docs frame as Fan Token gating, sports NFTs and prediction markets.

How Chiliz Is Secured

Validators are elected and removed through staking governance, and voting power scales with the CHZ a validator holds plus delegated stake. Validators that go offline or misbehave are penalized and replaced. Because the active set is 11, security relies on a small group of identified operators, trading decentralization for throughput and low fees.

Risks and Considerations

The validator set is small and includes commercially affiliated parties, so governance can concentrate. Two large supply changing proposals passed with almost no opposing votes, and CHZ stays inflationary for years under Dragon 8, offset only partly by fee burning. The business depends on renewing club licensing deals, and Fan Token demand has tracked sporting cycles rather than steady usage. CHZ was among the tokens the SEC named as alleged securities in its 2023 Binance action; that case was dismissed with prejudice in 2025, with no court ruling on the classification.

Why Chiliz Matters

Chiliz is the clearest test of whether a blockchain can be built around a single consumer vertical with real institutional partners. It has an operating chain, a live app, tokenomics disclosed under European rules, and a governance record verifiable onchain.

Where Can You Buy Chiliz (CHZ)?

The white paper states CHZ is listed on exchanges including Binance, Bybit, Coinbase, OKX and Kraken, and that the issuer is pursuing admission on MiCA compliant platforms in the EU. It also trades on decentralized exchanges on Chiliz Chain.

Storage Options After Purchase

Native CHZ can be held in any EVM wallet configured for Chiliz Chain, including MetaMask and hardware wallets used through it. Socios.com provides a non custodial wallet for Fan Token holders. Because CHZ also exists in bridged form elsewhere, check the network before sending.

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