Chiliz is a digital currency designed for sports and entertainment, developed by the Malta-based FinTech provider of the same name. It powers Socios, a blockchain-based sports entertainment platform that allows users to engage in the governance of their favorite sports teams. Socios.com offers fan tokens, which enable clubs and associations to connect with their supporters while creating new revenue opportunities. Fans can influence club decisions through polls and surveys, such as choosing messages for a captain’s armband. The platform aims to transform passive fans into active participants. Chiliz has partnered with major sports organizations, including FC Barcelona, Manchester City, Juventus Turin, Paris Saint-Germain, the UFC, and gaming entities. By holding CHZ, fans gain access to various fan tokens, allowing them to engage more deeply with their favorite teams. (Note: Links to external sources have been removed to maintain an evergreen format.) Chiliz was founded by Alexandre Dreyfus, who serves as its CEO. With over two decades of experience in building web-based businesses, Dreyfus previously developed Webcity, an interactive travel guide, as well as online poker platforms Winamax and Chilipoker before launching Chiliz in 2017. His stated mission with the company is to establish Fan Tokens as a leading tool for fan engagement and a new revenue stream for the sports industry. This vision has driven the adoption of fan tokens by major European football clubs as well as smaller teams. (Note: The revised version removes speculative language, avoids endorsements, and keeps the content factual and evergreen.) Every sporting organization using Chiliz technology issues a limited supply of fan tokens through initial FTOs (fan token offerings). These tokens are distributed on a first-come-first-served basis, with Chiliz disclosing the opening price and fully diluted market cap in advance. The native CHZ token serves as the platform's internal currency and is used to purchase fan tokens. Fans can use their tokens to participate in polls on the Socios platform, enabled by smart contracts. The level of influence granted to fans is determined by the clubs, covering decisions such as jersey designs or exhibition match selections. Chiliz introduced a way for everyday sports fans to engage directly in club decision-making. The company continues to develop new fan engagement initiatives, including the Chiliz Blockchain Campus, a private crypto incubator focused on advancing blockchain adoption in Asia and Europe. While Chiliz has expanded its network to include numerous teams, the company acknowledges there is still significant growth potential. *(Note: Time-specific projections and external links have been removed to maintain an evergreen format.)* The total supply of CHZ is 8.8 billion, minted at its launch and distributed to early contributors with no public sales beyond what was made available through exchanges. The token distribution is as follows: - **15%** – Strategic Acquisitions - **5%** – Team - **7%** – Seed investors - **3%** – Advisory board - **15%** – Marketing - **20%** – Userbase reserve - **34.5%** – Token sale Initially, CHZ launched as an ERC-20 token but was later made compatible with BEP-2, facilitating fan token releases. It is also available as a TRC-20 token on the Tron blockchain. CHZ is available on multiple blockchains, including Ethereum, Binance Smart Chain, and Tron. Fan tokens are minted on its Socios sidechain, which employs a proprietary crowd control mechanism. This ensures a secure environment where fans can participate in publicly audited polls. The sidechain operates on a proof-of-authority consensus mechanism. This approach is commonly used by private organizations with closed blockchain ecosystems, where participation is limited to verified users. While less decentralized than other consensus models, proof-of-authority offers high scalability and security, making it well-suited for a sidechain. The CHZ token has undergone a security audit by Certik. Chiliz launched on the Ethereum mainnet in October 2018. *(Note: The original text was already concise and factual. The revision maintains the same information while slightly improving readability.)* CHZ is available on Binance, Huobi, Coinbase, and other major exchanges. New to cryptocurrency? Learn how to enter the market and purchase CHZ or other tokens through DroomDroom's educational resources. Explore the Paris Saint-Germain Fan Token (PSG) and the Manchester City Fan Token (CITY). For more information on sports-related NFTs, refer to DroomDroom's guide on top NFT sports platforms. To understand fan tokens and their role in the crypto space, visit DroomDroom's educational resources. Stay updated with the latest developments in cryptocurrency by checking DroomDroom's news and insights.