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$2.5T
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$76.65B
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Dominance
Chiliz

Chiliz CHZ Price

$0.1174 6.5205%
  • BTC 0.0000018
  • ETH 0.

Chiliz Price chart

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Statistics

Chiliz Price $0.1174 All-time high $0.8786 Days since ATH 1136
Price change $0.007188 (6.5205%) Date of ATH Mar 13, 2021 % of ATH -86.65%

Chiliz Review

Chiliz (code: CHZ)

Founded Date: Oct 1, 2018

Founders:

Alexandre Dreyfus
Alexandre Dreyfus
Founder & CEO

Chiliz(CHZ) - Coin Trading Data

Chiliz Price $0.1174
Ticker CHZ
Market Capitalization $1.04B
Fully Diluted Valuation (FDV) $1.04B
Value 24h low $0.107
Value 24h high $0.1184
Trade Volume for 24h $71.51M
Current Circulating Supply 8.89B
Maximum Supply 8.89B
Algorithm
ICO Price and ICO ROI 0.022 USD 5.34x
Price Change 24h % 6.5205%
CHZ quote $0.1174
Fully Diluted Valuation (FDV) $1.04B

Chiliz(CHZ) ATH - All Time High Price

Chiliz ATH Price $0.8786
CHZ quote 1136
ATH Date Mar 13, 2021
All Time High % -86.65%

Chiliz Profile

Chiliz is a native cryptocurrency of the online platform Socios.com, which is designed to release and exchange fan tokens. Simply put, it was created to allow fans support their favorite sports clubs through blockchain-based interactions with them.

As a result, sports and entertainment industry officials get a powerful tool to monetize and increase their audience, while supporters get a chance to get closer to the team.

The goal of Chiliz is to transform sports and cybersports enthusiasts from spectators to influential decision makers. Cryptocurrencies and blockchain platforms appear to be the most effective tools to achieve this goal.

Chiliz History

  • In 2018, Chiliz was created by entrepreneur and crypto-enthusiast Alexander Dreyfus as a subsidiary of Mediarex Group.
  • In 2018, Chiliz raised $66 million through closed-end investment rounds. The key investors were Binance Labs, CeYuan Ventures, Jump Capital and Kosmos Capital.
  • In the fall of 2018, the CHZ native token was released on the Ethereum network and comes with an ERC-20 standard.
  • At the end of December 2019, the Chiliz development team launched Socios.com, a platform for sports fans constructed using Chiliz Chain's own blockchain.
  • In early 2020, the centralized cryptocurrency exchange Chiliz.net, which is marketed as the world's first exchange for sports and entertainment, was launched.
  • In August 2022, blockchain company Chiliz invested $100 million in the digital world of FC Barcelona through the purchase of a 24.5% stake in Barça Studios, which develops digital content.
  • In May 2022, the famous soccer player Lionel Messi signed a three-year contract with Socios.com worth $20 million and became an ambassador of the brand, engaging in advertising campaigns and promotions.
  • On February 8, 2023, the Socios fan blockchain platform network, Chiliz Chain, launched a first-tier blockchain. It is compatible with the Ethereum virtual machine and focuses on NFT, blockchain gaming, and ticket sales for live matches. The launch was timed to celebrate Chiliz's five-year anniversary.
  • Later the project will announce up to ten startups that will work in the Chiliz network, in different areas: NFT ticket sales, tokens for sports fans, and Web 3.0 infrastructure development in the areas of sports and entertainment.

CHZ

CHZ cryptocurrency is an internal instrument of the Socios.com project, which is open for the purchase of tokens by fans of a particular team. The possibilities of the site allow you to buy branded fans tokens of the largest world teams.

The main idea of the deployment of the cryptocurrency Chiliz (CHZ) is to get a direct benefit from the millions of sport fans. At the same time, the fans themselves become the active participants, who can influence the lives of their favorite players.

With fan tokens you can:

  • Participate in voting on Socios.com;
  • Make bets on game results;
  • Earn "loyalty tokens" for activity on the platform, which can be spent on additional features during matches.

After purchasing this token, fans have the right to use it directly on the Socios platform. However, the system does not allow purchasing tokens by one person, so there is a certain number of Chiliz (CHZ) for each fan. This was done to prevent a monopoly.

Today, Chiliz (CHZ) can be bought on many cryptocurrency exchanges. Once purchased, the cryptocurrency can be held in any ERC 20 / BEP-20 based cryptocurrency vault. The maximum amount of CHZ supply is 8.88 billion tokens, with more than six billion of them in circulation at the beginning of 2023.

The part of CHZ received from the sale of fan-tokens, NFT and collected trading commissions on the crypto-exchange Chiliz.net will be burned. In total, more than 65 million tokens have already been burned in this way.

Additionally, users can have an influence on teams or even leagues.

Team managmentLeague managment
Selection of the uniform designLeague format selection
Selection of the team composition in friendly matchesNew game modes in which teams have to compete
Managing training games and competitions of cybersports teamsNew league titles
Recruitment of players to new teams from the special draft poolLeague matchmaking decisions

Moreover, fan tokens can also be used to get special merchandise and participate in meet-and-greets. Token holders will receive exclusive offers and rewards from their favorite team.

Socios.com

Socios.com is a platform powered by the Chiliz token, and it is a management system that allows fans actively participate in the management of various events. You can do this by purchasing fan tokens, and it is implemented by deploying tokenized voting rights. This is implemented by using smart contracts on the Socios.com platform.

Socios.com became the first blockchain project that began producing digital assets specifically for sports fans. The so-called Fan Tokens are exchangeable assets of the ERC-20 standard and are generated in the Chiliz Chain network.

Before a new team can join Socios.com, it must provide a certain number of fan tokens that fans can buy at a fixed price using CHZ tokens as payment. Once the fan tokens have been purchased by users, they can be used on Socios.com or be placed on the public market. An initial fixed price is needed to ensure that all starting users are on equal terms.

Types of Sports at Socios.com

At the moment, more than 150 organizations, teams and associations from twenty-five countries are Socios partners. In addition to soccer, fan tokens have been created for many sports:

  • Mixed martial arts;
  • Car racing;
  • Basketball;
  • Tennis;
  • American Football;
  • Rugby;
  • Hockey;
  • Soccer;
  • Cybersport.
Socios partners

Socios partners (source: socios.com)

Summary

The opportunity to monetize the fan community has been in great demand among sports teams and people who have organizing functions in the world of sports.

The introduction of Chiliz Coins (CHZ) is beneficial for everyone involved: athletes and organizers get additional funds, while fans get the opportunity to participate in the sports life of their favorite players. In addition, token holders are able to earn money by selling them at a higher price in the future.

How much is a one Chiliz worth now?

1 Chiliz worth $0.1174 now.

What is the price of CHZ?

The price of CHZ is $0.1174.

What is the Chiliz max supply?

The max supply of Chiliz is 8.89B.

What is the Chiliz stock symbol or ticker?

The stock symbol or ticker of Chiliz is CHZ.

How many CHZ coins are there in circulation?

There are 8.89B coins in circulation of CHZ.

What is the exchange rate of Chiliz(CHZ)?

The exchange rate of Chiliz is $0.1174.

What was Chiliz's trading volume in 24 hours?

Chiliz's 24-hour trading volume is $71.51M.

What was the highest price paid for Chiliz?

Chiliz reached a record high of $0.8786 on Mar 13, 2021

Chiliz Exchange Rates on Trading Markets

# Exchange Pair Price 24h volume Volume % Updated
1 Websea Websea CHZ/USDT $0.1178 $2.43M 2.87% a day ago
2 Kanga Kanga CHZ/USDT $0.1178 $80.69K 0.1% a day ago
3 CoinDCX CoinDCX CHZ/INR $0.1301 $892.89 0% a day ago
4 Coinone Coinone CHZ/KRW $0.06207 $133.82 0% 3 years ago
5 Gate.io Gate.io CHZ/TRY $0.1191 $0 0% a day ago
6 Bitrue Bitrue CHZ/UST $0 $0 0% a year ago
7 Bybit Bybit CHZ/USDC $0.1171 $0 0% a day ago
8 CoinDCX CoinDCX CHZ/USDT $0.165 $0 0% 10 months ago
9 ChilizX ChilizX SAM/CHZ $1.21 $0 0% a day ago
10 ChilizX ChilizX APL/CHZ $0.3107 $0 0% a day ago
11 Upbit Indonesia Upbit Indonesia CHZ/BTC $0.1158 $0 0% a day ago
12 ChilizX ChilizX SFP/CHZ $2.1 $0 0% a day ago
13 Foxbit Foxbit CHZ/BRL $0.1184 $0 0% a day ago
14 Bitubu Exchange Bitubu Exchange CHZ/USDC $0.1611 $0 0% 9 months ago
15 Bancor (V3) Bancor (V3) CHZ/BNT $0.1942 $0 0% 5 months ago