Chiliz Price Stats
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Market Cap: $541,667,678
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Circulating Supply: 5,344,064,580
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Supply Cap: 8,888,888,888
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All-Time High: $0.878633 March 13, 2021.
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All-Time Low: $0.004108874547 September 28, 2019.
A Brief History of Chiliz
Chiliz is a sports fintech platform that allows global fans to connect with their favorite sports teams and clubs. It runs the blockchain-based sports entertainment platform Socios, which allows users to influence the governance of their favorite sports brands. Socios.com’s multiple fan tokens are an example of this. Fan tokens provide a way for sports clubs and associations to connect with their fans while also unlocking new revenue streams. Chiliz has formed alliances with some of the world’s most prestigious sporting organizations, including FC Barcelona, Manchester City, Juventus Turin, and Paris Saint-Germain. It also has affiliations with the UFC and gaming organizations. Fans who purchase CHZ gain access to various fan tokens and own a stake in their club. Chiliz was founded in 2012 as part of the Mediarex Group, a sports and entertainment organization based in Malta. In 2018, active development on the blockchain-based Socios platform began. Chiliz introduced the CHZ token in October 2018. The token was quickly listed on cryptocurrency exchanges worldwide. The first Chiliz partner was the Juventus soccer club in Turin, Italy. In November 2019, the team held its Fan Token Offering, selling 1.3 million tokens out of a total supply of 20 million by the end of the month. Chiliz launched the Socios app and website in late December 2019. Private Placement invested $66 million in the development. The Socios app is now available on the internet and on millions of mobile devices. Chiliz has offices in France, Turkey, Spain, South Korea, and Brazil, in addition to its headquarters in Malta.
Chiliz is ranked #66 on Coinmarketcap and #83 on coingecko. It can be currently Purchased on Binance, OKX, Bybit, Bitget, and FTX.
The Chiliz Team
Alexandre Dreyfus, the company’s current CEO, founded Chiliz in 2018. The project is a subsidiary of Mediarex Group, a Malta-based sports, and entertainment organization founded in 2006. The Chiliz team consists of over 250 professionals from various nationalities and industries. Among those with prominent positions are:
Alexandre Dreyfus (CEO)
Emma Diskin (COO)
Max Rabinovitch (CSO)
Fiobian Manicolo (Finance Director)
Thibaut Pelletier (CTO)
Advantages of Chiliz
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Chiliz solves scalability issues
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Reliable information as well as transparency
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Significant number of partnerships with sports teams and organizations.
Disadvantages of Chiliz
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Issues faced with fans failing to adopt cryptocurrency
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Covid 19 pandemic still poses challenges for the sports industry
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It is not accepted by many exchanges yet
Use Cases of Chiliz
Fans can use Chiliz to purchase Fan Tokens of their favorite teams from Socios.com.
Summary
Chiliz is an Ethereum token that powers Socios.com, a platform that lets users trade tokens to show their support for sports teams. The tokens on Socios.com are called Fan Tokens, it makes users eligible for rewards and promotions and can also be used to influence team decisions by voting on the Chiliz blockchain.
