The Chiliz (CHZ) blockchain platform has locked on to the world’s hunger for sports and entertainment, and added a little spice on the side. As a long-term player in the fan monetization industry, Chiliz is now extending its reach into Web3 with a blockchain-based platform where enterprise sports and entertainment organizations can build global fan engagement and tokenized income streams.
Chiliz is a Web3 platform for teams and organizations who can join the CHZ network to launch fan-based tokens and integrate Web3 components. The Chiliz blockchain is now in testnet mode with one live flagship project, the Socios platform. Socios combines fan token capabilities with smart contracts and various governance rights, including a mechanism for fans to vote on decisions relating to their favorite team.
After the Habanero launch planned for Q4 2022, the Chiliz mainnet 2.0 will be live and the CHZ token will graduate from a one-app token to the currency for Chiliz’s multi-chain ecosystem. Stakeholders will be able to implement Web3 integrations, including DeFi products, NFTs, P2E games, Metaverse products, event ticketing, and loyalty programs.
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Team
More on the team can be found on the Chiliz team page.
Competitive?
“Think of us as the Binance of Sports” - Chiliz Update #9
Hiring?
As mentioned in the Headlines section, Chiliz recently onboarded 18 team members. Their website lists 24 open positions, 10 of which are for engineers.
Social traction
Chiliz sports over 500,000 followers, and their social platforms display a high level of organic engagement across the board. Their social vibe is fun, exciting and positive. Being intermixed with people's favorite sports seems to provide a strong following for the project.
Ever been hacked?
No hacks have been reported.
Partnerships
Other than the strategic partnership with Binance, Chiliz has built a large ecosystem of partners, including:
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Chiliz (CHZ) is an application token that enables teams and other organizations to offer fan tokens to their fanbase. CHZ was first issued as an ERC-20 token and later added to Binance with its BEP2 token.
Total supply
8,888,888,888 (fixed)
CHZ Token distribution
34.5% - Presale and Tokensale
20% - User Base Reserve
15% - Strategic Acquisitions
15% - Marketing Operations
7.5% - Seed Investors
5% - Team
3% - Advisors
Token vesting
No information on token vesting is currently available, but the team mentions they were working on a vesting schedule in 2019. The reality is that the highly transparent core team has been together at Chiliz for a number of years, and perhaps vesting is not quite as essential at this point, especially considering the small 5% team and 3% advisor allocations and a fixed token supply.
Funding
Chiliz raised a total of $66 million, most of it through a private placement funding round in 2018 led by Jump Trading to develop the Chiliz network and Socios platform. Since they reached their hard cap in the private sale, they never had a public sale.
Token utility
Decentralized?
No.
Burning Mechanism
Code Audit
From their website: “We are working with top Smart Contract auditors to ensure Smart Contract security. There will be multiple audits along the way, preparing for launch of the mainnet.”
Team Transparency
The team is highly transparent and has been that way for years (see team info).
Bug bounty?
Yes
Chiliz has a lot in the pipeline for 2022:
For more details, read the Chiliz roadmap.
Chiliz Website
$CHZ on Quadency
Blockchain explorer
Chiliz Exchange
Documentation
Twitter
Discord
Chiliz is a Web3 platform for teams and organizations who can join the CHZ network to launch fan-based tokens and integrate Web3 components. The Chiliz blockchain is now in testnet mode with one live flagship project, the Socios platform. Socios combines fan token capabilities with smart contracts and various governance rights, including a mechanism for fans to vote on decisions relating to their favorite team.
After the Habanero launch planned for Q4 2022, the Chiliz mainnet 2.0 will be live and the CHZ token will graduate from a one-app token to the currency for Chiliz’s multi-chain ecosystem. Stakeholders will be able to implement Web3 integrations, including DeFi products, NFTs, P2E games, Metaverse products, event ticketing, and loyalty programs.
Sign up for the Crypto Weekly newsletter to get our weekly Coin Profile!
Team
More on the team can be found on the Chiliz team page.
Competitive?
“Think of us as the Binance of Sports” - Chiliz Update #9
Hiring?
As mentioned in the Headlines section, Chiliz recently onboarded 18 team members. Their website lists 24 open positions, 10 of which are for engineers.
Social traction
Chiliz sports over 500,000 followers, and their social platforms display a high level of organic engagement across the board. Their social vibe is fun, exciting and positive. Being intermixed with people's favorite sports seems to provide a strong following for the project.
Ever been hacked?
No hacks have been reported.
Partnerships
Other than the strategic partnership with Binance, Chiliz has built a large ecosystem of partners, including:
QUADX is coming soon! Buy QUAD now to qualify for industry-low bot and trading fees.
Chiliz (CHZ) is an application token that enables teams and other organizations to offer fan tokens to their fanbase. CHZ was first issued as an ERC-20 token and later added to Binance with its BEP2 token.
Total supply
8,888,888,888 (fixed)
CHZ Token distribution
34.5% - Presale and Tokensale
20% - User Base Reserve
15% - Strategic Acquisitions
15% - Marketing Operations
7.5% - Seed Investors
5% - Team
3% - Advisors
Token vesting
No information on token vesting is currently available, but the team mentions they were working on a vesting schedule in 2019. The reality is that the highly transparent core team has been together at Chiliz for a number of years, and perhaps vesting is not quite as essential at this point, especially considering the small 5% team and 3% advisor allocations and a fixed token supply.
Funding
Chiliz raised a total of $66 million, most of it through a private placement funding round in 2018 led by Jump Trading to develop the Chiliz network and Socios platform. Since they reached their hard cap in the private sale, they never had a public sale.
Token utility
Decentralized?
No.
Burning Mechanism
Code Audit
From their website: “We are working with top Smart Contract auditors to ensure Smart Contract security. There will be multiple audits along the way, preparing for launch of the mainnet.”
Team Transparency
The team is highly transparent and has been that way for years (see team info).
Bug bounty?
Yes
Chiliz has a lot in the pipeline for 2022:
For more details, read the Chiliz roadmap.
Chiliz Website
$CHZ on Quadency
Blockchain explorer
Chiliz Exchange
Documentation
Twitter
Discord
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