What is Chiliz (CHZ)? | Chiliz Coin Explained in Under 60 Seconds

Chiliz provides blockchain-based tools to help sports, gaming & entertainment groups connect with and monetize their audiences. The Chiliz Token (CHZ) is the ERC20 / BEP2 token that powers Chiliz. $CHZ can be used for sports tokenization and as a digital currency on Socios.com.

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Socios (Socios.com) is a blockchain based fan engagement platform that allows fans to buy & trade branded Fan Tokens, earn rewards, and vote.

Fungible ‘Fan Tokens’ are generated by Socios clubs, which act as a ‘membership card’ for fans to access rewards, merchandise & experiences.

They can be acquired through Fan Token Offerings (FTO), or purchased with CHZ. Fans earn rewards by holding Fan Tokens, and regularly interacting with their team or club on the Socios app.

The Chiliz Exchange (Chiliz.net) is a cryptocurrency exchange for sports, allowing crypto-enthusiasts and sports fans to trade Fan Tokens from top sports brands such as the UFC.

WEBSITE: https://www.chiliz.com/en/