What is Chiliz and how does it work?

Qué es chiliz
4 min read

As in football, win the first match is not as important as win the league.

Nowadays, there is a large number of cryptocurrencies competing in the market (it is estimated at more than 2,000) and although the first to arrive – the famous bitcoins – win by win, there are many other digital currencies that are also struggling to win and not go unnoticed

Such is the case of Chiliz. A token that is on way to adding many followers in the coming years.

What is Chiliz?

Chiliz is a digital currency used in the world of sports and entertainment platforms, named under the abbreviation CHZ.

Specifically, it is a utility token in the Ethereum blockchain that is used as the official cryptocurrency of the Socios.com platform.

Given the current passive relationship in the world of sports between clubs and their fan bases, the creators of Chiliz decided to bring the parties closer. Chiliz was founded in Malta in 2012.

Chiliz’s goal is to give millions of sports and esports fans a coin to buy direct voting power in their favorite football clubs. In this way, fans cease to be mere passive spectators and become active participants of the club.

Fans can influence decisions of both a team and the league

What is Chiliz

How Chiliz works?

As we have already advanced, Chiliz works through Socios.com.

In this platform, and together with other sports companies that bet on the blockchain, is where the fan token category arises; fans of sports clubs buy CHZ through cryptocurrency trading platforms such as Bitnovo or directly in the app. With CHZ is how fans can get CHZ tokens that are specific to a team.

The CHZ fan tokens of each club are a finite digital asset that grant voting rights. The topics of the surveys are determined by the clubs themselves, but the possibilities are endless! You could decide from design issues of the club or who wins the “best player of the game”, to the locations of the friendlies matches of the summer and much more.

The more votes a fan casts, the higher its ranking will be within the platform, being able to get greater benefits as a follower. Access to unique rewards such as exclusive merchandising, prediction games, etc.

Football Teams CHZ Socios Barça PSG ATM

Barça, Atlético de Madrid, Paris Saint Germain, Juventus, AS Roma or Galatasaray are just some of the clubs that are already in the platform. 

How to buy Chiliz CHZ

How to buy Chiliz

If you are interested in getting these tokens quickly, safely and easily, you can now buy Chiliz CHZ from Bitnovo with your card and transfer them to your Socios.com wallet. As we announced, Chiliz and Bitnovo are new partners.

You can also get Chiliz CHZ tokens with Bitnovo vouchers redeemable by Chiliz CHZ in physical stores in Italy, France, Spain and Portugal. Know your nearest available point of sale; There are more than 30,000!

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And if this were not enough, you will soon be able to redeem the Bitnovo vouchers on the Socios.com platform itself

Many of the most important sports companies are already on the Chiliz platform, what are you waiting for? Score a goal, get your Chiliz CHZ and become a top fan.