summary: Chiliz is an ERC-20 and BEP-2 utility crypto token issued by Company, Chiliz, based on the Ethereum and Binance Blockchain.
content: Chiliz (CHZ) (Launched June 2019) is an ERC-20 and BEP-2 utility cryptocurrency token issued by the Company, Chiliz, based on the Ethereum and Binance Blockchain. Chiliz (CHZ) is a cryptocurrency token that can be used by sports fans to acquire Fan Tokens and it functions as the native utility token that powers Socios.com's ecosystem. Chiliz, the world's first tokenized sports exchange, is described as the world’s leading blockchain FinTech provider for sports and entertainment. In December 2020, Chiliz partnered with Binance and started to allocate Fan Tokens through Binance Launchpool. In January 2021, Chiliz partnered with A.C. Milan to launch the ACM Fan Token on Socios.com. The addition of AC Milan takes the number of sporting organizations on the Chiliz blockchain to 20. Overview Chiliz, powering Socios.com, gives sports and esports fans the ability to crowd-manage their favorite teams, games, leagues, and events. Chiliz raised just over $66 million through private placement in 2018. Socios.com is Chiliz's consumer-facing product and the hub for fans to buy tokenized voting rights in their favorite teams. The app counts many of the world’s football clubs and esports teams, including FC Barcelona, Juventus F.C., Paris Saint-Germain F.C., Atlético Madrid, A.S. Roma, Galatasaray S.K.& OG among its partners. Socios.com allows sports teams to issue digital assets, known as Fan Tokens, onto the Chiliz blockchain via Fan Token Offerings. Every team operating on the Socios.com platform runs their own semi-autonomous organizations, implementing rules to poll FanToken holders about every team-related decision. These semi-autonomous organizations consist of smart contracts executed on the Socios.com side blockchain, guaranteeing integrity by ensuring that only Fan Token holders can participate and therefore influence it proportionally to the number of Fan Tokens they own. In December 2020, Chiliz and Socios.com held 6 Fan Token Offerings over 6 days beginning on December 9. The FTOs were held for Sint-Truidense V.V. (STV), İstanbul Başakşehir F.K. (IBFK), Team Alliance (ALL), Natus Vincere (NAVI), BSC Young Boys (YBO), and Novara Calcio (NOV). In December 2020, Chiliz announced a partnership with Binance. The first milestone of the partnership was Fan Tokens allocation through Binance Launchpool. With Binance Launchpool, users are able to acquire new token rewards in return for staking different tokens. The first Socios.com partners to benefit from Binance LaunchPool were Paris Saint-Germain F.C. (PSG) and Juventus F.C. (JUV) Fan Tokens. Users became able to stake BNB, BUSD, or CHZ tokens into separate pools. On January 18, 2021, Chiliz partnered with A.C. Milan to launch the ACM Fan Token on Socios.com. ACM Fan Token owners will be able to access a wide range of benefits including the right to vote in multiple club decisions each season, VIP rewards and experiences, exclusive club and sponsor promotions, games, competitions, and ‘super-fan’ recognition. The club joined a list of 19 major sporting organizations that have already partnered with Socios.com to launch Fan Tokens. Features Chiliz (CHZ), the world’s leading Blockchain Fintech provider for sports and entertainment, was developed the Socios.com sports fan engagement platform which is built on the Chiliz Blockchain infrastructure and utilizes as its exclusive on-platform currency. this ecosystem has the following key features as embedded along-side the Chiliz' (CHZ) token utility: Voting: Voting is a basic feature that is characteristically All sports and esports teams- independent or league-tied - operating in the Socios.com platform will debut with a specified, finite number of Fan Tokens tied to concrete voting rights. Fans who obtain voting rights by trading Chiliz tokens for Fan Tokens, gain decision-making right for that team. Each vote is executed as a group of smart contracts, wherein fans leverage their ownership of Fan Tokens to ‘send’ them to various answers in a given pole. Once a certain engagement threshold is met, all voting results become valid, with all votes and vote results stored in Socios.com’s side blockchain for transparency. Fan Token Offerings Fan Token Offerings is a democratic solution for fans to purchase first-offer Fan Tokens from newly introduced organizations on Socios.com. When a new organization goes live on Socios.com, their supply of Fan Tokens is offered for purchase by fans on a first-come, first-served basis as a fixed price point. Only after Fan Tokens are in the hands of fans, can they be listed or re-listed on Socios.com’s shared marketplace. This fixed-price ‘order line’ is in place to ensure that the first chance to purchase any given Fan Tokens is a transparent and fair experience for users. Together with Socios.com, each new team on-boarded to the platform decides on an initial Chiliz-pegged value for their Fan Tokens. This is a fixed, base price (in $CHZ) at which all fans can publicly purchase specific Fan Tokens on its first release. Buying accessibility for these first-run Fan Tokens functions as a virtual line. Fans pre-order a set amount of tokens before release, with orders fulfilled in the order in which they’re placed. Fan Token Offerings run under volume consideration as well. This means that a single user has a capped amount of Fan Tokens which they can pre-order for any team. This may fluctuate on an organization-by-organization basis, but the end goal of capping remains the same - to ensure that no single user is able to buy up a monopoly of Fan Tokens. These users by user caps for ownership are maintained even after a new organization’s Fan Token Offering period expires and their Fan Tokens go live on the Socios.com marketplace. Trading Fan Tokens Fans who own one or more Fan Tokens on Socios.com gain access to the Socios.com marketplace. Here fans can auction off the voting rights (Fan Tokens) they hold. This gamified system allows users to leverage their positions to exchange Fan Tokens for Chiliz (CHZ) at dynamic rates. Simply put, the platform's users are permitted to list their Fan Tokens at any price they wish - for example, a user can auction 20 Chiliz (CHZ) for a specific Fan Token. Although this does guarantee that those tokens would be sold. Logically, for any given team’s marketplace, only the cheapest Fan Token price is visible to buyers. Once that token is purchased, the next cheapest price becomes visible and acts a that Fan Token’s current public value. Each Fan Token price points in the Socios.com shared marketplace is updated in real-time, so where and when users decide to buy or sell Fan Tokens becomes a strategic consideration - similarly to a normal market or exchange. Tokenomics CHZ Token The Chiliz (CHZ) token is used by fans to acquire branded Fan Tokens from any team or organization that partnered with the Socios.com platform and enact their voting rights as their fan influencers. CHZ is both an ERC-20 utility token on the Ethereum blockchain and BEP-2 token on Binance Smart Chain. CHZ is listed on Binance, coinone, BitMax.io, KuCoin, WazirX, Binance DEX, Bitfinex, Bitpanda, Crypto.com, and Bitnovo. Token Distribution Chiliz (CHZ) token is thus allocated: | Allocation | Percent (%) | $CHZ | Allocated Status | | ---------- | ----------- | ---- | ---------------- | | Private Pre-sale & Private Placement Hard Cap | 34.5% | 3,066,666,666 CHZ | Now Closed | | Chiliz issued to Team + Seed Investors | 7.5% | 1,111,111,110 CHZ | | | Userbase Reserve | 20% | 1,777,777,777.6 CHZ | | | Marketing Operations | 15% | 1,333,333,333 CHZ | On going | | Strategic Acquisitions | 15% | 1,333,333,333 CHZ | | | Chiliz issued toTeam | 5% | 444,444,444.4 CHZ | | | Chiliz issued to Advisory Board | 3% | 266,666,666 CHZ | | Fan Token A Fan Token is a digital asset that is a user's license to vote in club decisions on the Socios.com app. Chiliz partnered with the following sports/esports teams that launched their Fan Tokens: Paris Saint-Germain F.C. (PSG), Juventus F.C. (JUV), West Ham United F.C. (WHU), OG (OG), A.S. Roma (ASR), Atlético Madrid (ATM) and Galatasaray S.K. (GAL). Each of these Fan Tokens is launched in a Fan Token Offering on the Socios.com app before being available on the Chiliz exchange. When a new organization goes live on Socios.com, their supply of Fan Tokens is offered for purchase by fans on a first-come, first -served basis as a fixed price point. Company Chiliz (CHZ) is the digital currency of Socios.com, which is a global sports and entertainment organization. Chiliz (CHZ), interchangeably known as Socios.com, was founded on the 1st of January 2012 to be a tokenized Voice Platform empowering fans to crowd-manage sports & esports organizations. Chiliz (CHZ), headquartered in Chicago metropolitan area, Great Lakes, Midwestern United States, is a sub-organization to Mediarex Sports & Entertainment- a sports marketing agency that develops sports formatted Poker competitions for its clients located in Malta, Illinois, United States. Founders & Team Founders Alexandre Dreyfus is the founder and CEO of both Chiliz and Socios.com. His professional portfolio includes numerous CEO positions. Dreyfus had always had an interest in sports and games. He founded Webcity, a city tour-guide platform used across Europe, and has actively played a founding role in the creation of Winamax, the first-ever French online poker platform. Alexandre Dreyfus graduated from Lycée Jean Pierre Perrin in 1995. Emma Diskin is the chief operating officer at Chiliz. She has been with the company since 2018 and has moved up the ranks, starting with a communications director position. Her professional career bega