Launched in 2018, Chiliz (CHZ) is a digital currency that aims to create a bridge between sports, fans, and blockchain technology. CHZ, an Ethereum-based token, powers the Socios platform, a sports entertainment platform built on blockchain technology, allowing users to engage in the governance of their favorite sports brand through the creation and management of fan tokens.
Fan tokens, associated with sports and entertainment organizations, allow fans to engage with their favorite teams through various interactive features, such as voting on club-related decisions or participating in exclusive events. For sports clubs and associations, fan tokens offer a way of connecting with their fans and unlocking new revenue streams.
