Buy Chiliz

Chiliz is a blockchain platform that aims to transform sports fans from passive spectators to active participants. They achieve this through their digital currency, the CHZ token. Through their platform, Chiliz increases the interaction and engagement between fans and their favorite teams or clubs.

Chiliz’s platform offers various applications and features, including chatbots, polls, Q&A sessions, merchandise sales, and virtual meet-and-greets. Fans can access Chiliz’s platform via the Chiliz app or on the Chiliz blockchain. In addition to voting in polls, fans can also earn rewards.

Fan Tokens

Chiliz allows users to buy Fan Tokens with CHZ tokens via Socios.com. In 2019, the first Fan Tokens were launched on the Socios.com website for the Italian football club Juventus.

Fan Tokens offer voting rights in polls and access to exclusive experiences and rewards. These polls are about match strategies, merchandise designs, the song that plays after a goal, and other related topics. Fan Tokens are therefore not just any crypto tokens, but serve as a bridge between fans and teams. With Fan Tokens, users can also buy unique merchandise of their favorite sports club.

Several large sports clubs have already joined Chiliz, such as FC Barcelona Fan Token (BAR) and Juventus Fan Token (JUV). A number of Dutch football clubs also have their own Fan Token on the Chiliz platform, such as the Fortuna Sittard Fan Token (FOR).

Who founded Chiliz?

Chiliz was founded in 2018 by Alexandre Dreyfus and is part of the Mediarex Enterprises company. Dreyfus is a seasoned French entrepreneur with a background in the gaming and sports industry. He previously founded Webcity and Winamax and saw the potential of blockchain technology to offer sports fans a unique and innovative way to interact with their favorite sports club.

The team behind Chiliz consists of approximately 300 employees, all professionals with diverse backgrounds, and all committed to realizing the company's vision.

Chiliz focuses on the gaming and sports industry. The platform offers various features that allow you to:

• Buy Fan Tokens: Users can use CHZ to buy Fan Tokens of their favorite sports club. These tokens give them voting rights in club decisions and access to exclusive fan experiences.
• Fan Token trading: On the Chiliz platform, users can trade their Fan Tokens, creating a new economy.
• Participate in polls: Users can vote in polls with their Fan Tokens and directly influence decisions within sports clubs.
• Earn rewards: Fan Token holders receive exclusive rewards such as discounts, promotions, and unique content.
• Interactive experiences: On the Socios platform, users can access interactive activities such as AR games and prediction contests.

Chiliz uses blockchain technology to offer fans a unique experience and increase engagement between fans and clubs. CHZ forms the basis of the Chiliz ecosystem.

Socios sidechain

Fan Tokens are tied to sports teams and issued on the Socios sidechain. This blockchain uses a Proof-of-Authority (PoA) consensus mechanism, where pre-approved nodes confirm transactions. This differs from many other decentralized blockchains, but offers higher scalability and efficiency that is essential for optimal operation of the platform.

Chainlink oracles

Chiliz also has a partnership with Chainlink. Through Chainlink’s oracles, Chiliz gains access to information outside the blockchain. This allows Chiliz to create unique non-fungible tokens (NFTs) when special events occur, such as purchasing a major player or winning a tournament.

The CHZ token plays a vital role in the Chiliz ecosystem and has several important functions on the platform. First, it acts as a means of payment, allowing users to purchase Fan Tokens via the Socios platform. These Fan Tokens provide users with exclusive fan experiences, voting rights on club decisions and other unique privileges. In addition, CHZ serves as a medium of exchange on the Chiliz Exchange, where users can trade Fan Tokens from different clubs.

There are a total of 8.89 billion CHZ tokens available, many of which are already in circulation.

Chiliz distinguishes itself from other crypto and blockchain projects by the following features:

• Increased engagement between fans and sports clubs: Chiliz offers sports fans the opportunity to actively participate in their favorite teams by voting on club decisions. This is a new approach to fan engagement in the sports world.
• Fan Tokens: Chiliz has introduced Fan Tokens to the sports industry using blockchain technology, with many major sports clubs already joining.
• Proof-of-Authority (PoA) consensus: Chiliz uses Proof-of-Authority for fast and efficient transaction processing, which sets it apart from traditional Proof-of-Work and Proof-of-Stake mechanisms.
• Scalability: By using the Socios sidechain, Chiliz can process transactions quickly and affordably, contributing to high scalability and security.
• Versatile use of CHZ token: In addition to purchasing Fan Tokens, the CHZ token can also be used for staking, trading, and access to various unique experiences and rewards within the Chiliz ecosystem.

Buy Chiliz at Bitvavo, which is accessible for both beginners and advanced traders. Users can buy and trade Chiliz via our website or app. To buy Chiliz tokens, follow the steps below:

1. Register or log in to your Bitvavo account.
2. Make a deposit using "Deposit".
3. Visit the Chiliz purchase page.
4. Determine how much you want to spend or how much CHZ you wish to buy and confirm by clicking "Buy".

The price of Chiliz tokens depends on the current market value. After the transaction, your Chiliz coins will be automatically added to your Bitvavo account where you can easily manage and sell them in response to market changes.

You can safely store your Chiliz in your Bitvavo account, where the majority of customer assets are protected in secure cold wallets that are managed offline. It is recommended to activate two-factor authentication (2FA) for an additional level of security.

If you wish to store your CHZ coins in your own wallet, most software and hardware wallets support Chiliz. Buy CHZ and transfer it to an external wallet by adding your wallet address to your account first, so you have full control over your tokens and coins.