Chiliz Price

Chiliz is a blockchain-based cryptocurrency designed for the sports and entertainment industry. It serves as the native token of Socios.com, a fan engagement and rewards platform. Key features of CHZ include: - Launched in 2019 to enhance fan engagement in sports and entertainment - Allows fans to purchase team-specific fan tokens and participate in team decisions - Used for payments, trading, rewards, and voting on the Socios.com platform - Built on Ethereum blockchain with Socios sidechain for transactions - Maximum supply capped at ∞ tokens - Current price: $0.05393 - 24h trading volume: $1.61M - Market cap: $552.3M - Circulating supply: 10.24B CHZ CHZ aims to revolutionize fan involvement by giving supporters voting rights and decision-making power in their favorite teams/clubs. Its ecosystem allows for closer fan-team relationships and new revenue streams for sports organizations. As adoption grows, Chiliz could become increasingly influential in shaping fan engagement across the sports and entertainment industries in the coming years.

Chiliz was created in 2018 by a global team of blockchain enthusiasts. The CHZ token was officially launched on July 2, 2019 as the native cryptocurrency of the Socios.com fan engagement platform. Chiliz aims to revolutionize fan interactions in sports and entertainment by providing blockchain-based solutions that allow fans to participate in decision-making and be rewarded for their engagement. Since its inception, Chiliz has expanded beyond football to partner with various sports leagues, teams, and e-sports organizations worldwide.

The founders of Chiliz are Alexandre Dreyfus and his team. Alexandre Dreyfus established the Chiliz blockchain project in 2018, bringing together a diverse international team from dozens of countries around the world. As the CEO and founder, Dreyfus has led Chiliz to become a prominent blockchain-based fan engagement platform in the sports and entertainment industry. The project aims to enhance fan experiences through tokenization and blockchain technology. While Dreyfus is the primary public face and leader of Chiliz, the founding team includes members with expertise in blockchain, sports, entertainment, and technology from various global locations including France, Turkey, Spain, South Korea and Brazil.

Chiliz works as the native cryptocurrency of the Socios.com platform, which enables fan engagement and rewards in sports and entertainment. Here's how it functions: 1. Fans can purchase CHZ tokens on exchanges or through the Socios.com app. 2. CHZ is used to buy Fan Tokens of specific sports teams and organizations on Socios.com. 3. Fan Token holders can participate in polls, surveys, and decisions related to their favorite teams. 4. The Socios.com platform operates on a combination of Ethereum and a permissioned sidechain: - Ethereum handles CHZ transfers and deposits/withdrawals - The sidechain facilitates transactions between CHZ and Fan Tokens 5. CHZ can be used for payments, trading, rewards distribution, and voting within the ecosystem. 6. The total supply of CHZ is capped at 8.88 billion tokens. 7. CHZ aims to enhance fan engagement by giving supporters more influence over team decisions and activities. By leveraging blockchain technology, Chiliz creates new opportunities for fan participation and monetization in sports and entertainment.

Chiliz operates on a hybrid technical architecture combining Ethereum and a proprietary sidechain: 1. Ethereum mainnet: Used for CHZ token transfers as an ERC-20 token. This handles user deposits/withdrawals and transaction fees. 2. Socios sidechain: A permissioned blockchain that acts as a bridge between CHZ and fan tokens. It enables fan token transactions and voting. 3. Socios.com platform: The main interface for users to interact with the Chiliz ecosystem, allowing them to purchase fan tokens, participate in polls, and engage with their favorite teams. This dual-chain approach allows Chiliz to leverage Ethereum's security and liquidity while achieving faster and cheaper transactions on its sidechain for fan engagement activities. The architecture is designed to scale and support millions of sports and entertainment fans globally.

The future and roadmap of Chiliz look promising. In the short term, Chiliz aims to expand its partnerships with more sports teams and leagues, enhancing fan engagement through its Socios.com platform. By 2027, we expect Chiliz to have integrated with major e-sports organizations and potentially explore new sectors beyond sports. Looking further ahead, Chiliz's roadmap includes developing more advanced voting and governance features for fan tokens by 2028. This could allow fans to have even greater influence on team decisions. Chiliz also plans to improve its blockchain infrastructure to handle increased transaction volumes as adoption grows. By 2031, Chiliz aims to become the dominant fan engagement platform across global sports and entertainment. This could involve partnerships with music artists, movie studios, and other entertainment entities. Chiliz may also explore integrating emerging technologies like virtual reality to create immersive fan experiences. Long-term, by 2036, Chiliz envisions transforming how fans interact with their favorite teams and brands across all forms of entertainment. This could potentially include fans having ownership stakes in teams/franchises through tokenization. Price predictions suggest Chiliz could reach $0.06141 by 2027, $0.07451 by 2026+3, $0.09725 by 2031, and -- by 2036, driven by increased adoption and expanded use cases in the fan engagement ecosystem.