24H Price


About Chiliz

The Chiliz price is $0.07221484, a change of -2.55% over the past 24 hours as of 1:54 p.m. The recent price action in Chiliz left the tokens market capitalization at $641.91M. So far this year, Chiliz has a change of -16.11%. Chiliz is classified as a Culture & Entertaiment under CoinDesks Digital Asset Classification Standard (DACS).

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.

CHZ price

The chiliz token (CHZ) is the native cryptocurrency of the Chiliz network allowing users to purchase Fan Tokens on 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.

How does CHZ work?

Chiliz (CHZ) is the open-source blockchain infrastructure that powers the Socios fan engagement platform. Users can purchase CHZ from the Chiliz exchange or other exchanges where the token is available. Once users have CHZ, they can use their tokens to participate in initial fan offerings (IFOs).

The fan token platform operates on its own separate sidechain, or secondary blockchain connected to the Chiliz network. Sports teams can elect to have their own sidechain set up and customize the amount of fan tokens they want to circulate. Teams who choose to offer fan tokens receive revenue from transaction fees on the Chiliz network.

Key events and management

Chiliz was developed by Socios CEO and founder Alexandre Dreyfus in 2018 with the purpose of connecting sports fans with their favorite teams. Soon after its development, Socios raised $66 million in a private placement funding round led by Jump Trading to develop the Chiliz network and Socios platform.

In 2019, Socios launched its platform with a major partnership with Italian soccer team Juventus, letting fans buy JUV tokens in exchange for CHZ. Since then, Socios has partnered with several champions league soccer teams including Paris-Saint Germain, FC Barcelona and Manchester City. FC Barcelona tokens were particularly well received by fans, leading the token to hit a $1.3 million market cap in just under two hours.

Having proven successful in soccer, Socios began exploring other sporting leagues including Formula One and UFC. In March 2021, Socios announced that it planned to spend $50 million to expand Chiliz and Socios fan tokens into U.S. sports. Six months later, Socios partnered with 24 different NBA teams for fan tokens. Despite developing tokens for the National Basketball Association, the team fan tokens have yet to be released due to securities regulations in the U.S.

Read less...
Sponsor LogoBuy crypto on a secure, trusted platform.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply. Don’t invest unless you’re prepared to lose all the money you invest.

Latest About Chiliz

View All
EDF subsidiary Exaion has become a validator on the Chiliz Chain. (Léo Crouzille/Unsplash)
French Energy Giant EDF Subsidiary Becomes Chiliz Blockchain Validator

Exaion helps industries with digital transformation related to cloud and blockchain with a focus on addressing energy efficiency of data centers.

EDF subsidiary Exaion has become a validator on the Chiliz Chain. (Léo Crouzille/Unsplash)
Screen showing candle plot and technical analysis lines
Chiliz, Klaytn Tokens Surge Over 10% on M&A Hopes, Bitcoin Listless

Klyatn and Finschia Foundation have proposed to merge the two blockchains to create a Web3 powerhouse in Asia.

Screen showing candle plot and technical analysis lines
(Damon Nofar/Pixabay)
Fan Token Project Chiliz Sets Up $50M Incubator Backed by Jump Crypto

Chiliz Labs will invest in early-stage Web3 projects in the sports and other entertainment sectors that will build on the layer 1 blockchain.

(Damon Nofar/Pixabay)
Chiliz price chart over seven days (CoinDesk)
Fan Token Project Chiliz Rolls Out Layer 1 Blockchain; Token Surges 20%

The EVM-Compatible blockchain will allow token holders to stake (delegate) their tokens to receive rewards.

Chiliz price chart over seven days (CoinDesk)

Framework Ventures co-founder Michael Anderson joins CoinDesk to discuss how the overall crypto market is impacted by the upcoming launch of spot ether ETFs and former President Trump's VP pick Read more...

CoinDesk Indices

View All
Top Indices including Chiliz
Index nameTickerWeight24H

Bitcoin Calculator

Last Updated on 07/18/24 1:54 PM

CoinDesk’s Bitcoin and Cryptocurrency Calculator determines the exchange rates between major fiat currencies and cryptocurrencies – including BTC, BCH, ETH and XRP to USD, EUR, GBP, IDR and NGN – with up to six decimal places of accuracy. Conversion rates are based on CoinDesk’s Bitcoin Price Index and the price indices of other digital assets. World currency prices are based on rates obtained via Open Exchange Rates.