Chiliz
About Chiliz
The price of Chiliz (CHZ) is $0.05196682 today, as of Sep 09 06:39 a.m., with a 24-hour trading volume of $20.67M. Over the last 24 hours, the price has increased by 1.12%. Chiliz currently has a circulating supply of 9.04B and a market cap of $469.70M.
Chiliz (CHZ) is the native token of Chiliz, a blockchain network that powers the Socios fan engagement app and lets sports fans purchase fan tokens on the Chiliz sports exchange.
By exchanging CHZ for fan tokens, holders can vote on decisions for their favorite teams, gain access to exclusive platforms and can receive rewards from their teams.
The chiliz token (CHZ) is the native cryptocurrency of the Chiliz network allowing users to purchase Fan Tokens on Socios.com. The token initially launched as an Ethereum-based ERC-20 token, but it also began offering Binance Smart Chain BEP-2 versions of the token following a strategic partnership with Binance.
Chiliz has a fixed supply of 8,888,888,888 CHZ, with users able to buy CHZ directly from Socios on the Chiliz exchange. At launch, 34.5% of the total CHZ supply went to participants in Chiliz’s pre-sale and token sale and 7.5% to seed investors; 8% of tokens remained with Chiliz and was distributed to the advisory board (3%) and the Chiliz team (5%).The remaining supply was reserved by Socios for selling to users (20%), marketing operations (15%) and strategic acquisitions (15%).
CHZ reached an all-time high in March 2021 of $0.8915, gaining 60% and earning a $1 billion market cap. The all-time high was part of a larger, 1,000% rally over the course of a month that came from successful partnerships and fan token offerings with sports teams including AC Milan, FC Barcelona and Atletico Madrid. Following the all-time high, Chiliz decided to burn $800,000 in CHZ, or 20% of the total fees netted by the exchange in Q1 2021.
CHZ was at an all-time low of $0.004001 in September 2019, attributed to the pre-launch of the Socios fan platform and lack of fan token offerings at the time.