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About Chiliz (CHZ)
Chiliz provides blockchain-based tools to help sports and entertainment entities engage and monetize their audiences. The Chiliz token (CHZ) is also the exclusive currency for Socios.com, a fan engagement platform built on the Chiliz blockchain. By using Chiliz tokens as payment, fans can then purchase tokens specific to sports teams on Socios.com and use them to vote on various fan-led decisions and to earn rewards.
CHZ is an ERC-20 governance token compliant with the Ethereum network. CHZ tokens are used to participate in the Chiliz and Socios ecosystems. CHZ is used to purchase “fan tokens” on Socios.com, which correspond to a professional sports team. CHZ can be staked on Socios when voting to onboard a new team.
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