What Is Chiliz?

Chiliz (CHZ) is the native token of Chiliz Chain, an EVM-compatible Layer 1 blockchain purpose-built for the sports and entertainment industry. The token powers Socios.com, a fan engagement platform where supporters can buy Fan Tokens for their favorite teams and use them to participate in club polls, unlock rewards, and access experiences. Chiliz frames itself as the leading blockchain rail for global sports, with partnerships across football, basketball, motorsport, esports, and combat sports.

Overview - Table of Contents
What Is Chiliz?
Getting Started With Chiliz
How To Get A Chiliz Wallet?
Chiliz Resources
How To Buy Chiliz?
Latest Chiliz News

Chiliz was founded in 2018 by Alexandre Dreyfus, a French entrepreneur with a background in online gaming. The company launched Socios.com in 2019 and began signing Fan Token deals with European football clubs. Early partners included Juventus, Paris Saint-Germain, AS Roma, and Galatasaray, and the roster has since grown to include FC Barcelona, Manchester City, Atlético de Madrid, Inter Milan, AC Milan, and national football associations such as the Argentine and Portuguese federations. Outside football, Chiliz has signed UFC, several Formula 1 teams, esports organizations, and major basketball franchises.

The Chiliz network has gone through several iterations. The original Chiliz token launched as an ERC-20 on Ethereum, and Fan Tokens were initially issued on a permissioned sidechain. In 2023, the team launched Chiliz Chain (an upgrade originally branded as Chiliz Chain 2.0), a public, EVM-compatible Layer 1 secured by a delegated proof-of-stake consensus model with a set of validators run by sports organizations and infrastructure partners. Chiliz Chain supports Solidity contracts, allowing developers to build sports-focused dApps, NFT marketplaces, and ticketing applications around the existing Fan Token economy.

CHZ has a maximum supply of roughly 8.888 billion tokens. It is used on Chiliz Chain to pay gas fees, stake to validators, and mint new Fan Tokens during Fan Token Offerings on Socios.com. Each Fan Token (for example, PSG, BAR, JUV, ACM) is a separate asset purchased with CHZ; supply schedules are fixed per club, and fans use the tokens to vote on club-related polls, enter sweepstakes, and access loyalty perks. Token holders are not granted any governance authority over the clubs themselves.

The ecosystem also includes Chiliz Sports, a dedicated venture and partnerships arm, and integrations with mainstream payment and exchange services that allow fans to onboard with fiat. Chiliz has expanded into ticketing experiments, on-chain rewards programs, and integrations with sportsbook and fantasy platforms, positioning Chiliz Chain as the default settlement layer for tokenized sports engagement.

Getting Started With Chiliz

The most common path is to buy CHZ on an exchange and then use it on Socios.com:

Step 1: Create an account on Socios.com or a major exchange that lists CHZ, and complete identity verification.
Step 2: Purchase CHZ with fiat or another cryptocurrency.
Step 3: Inside Socios.com, use CHZ to buy Fan Tokens for the clubs and athletes you support, either in primary Fan Token Offerings or on the secondary marketplace.
Step 4: Hold Fan Tokens to vote in club polls, unlock rewards, and qualify for experiences and giveaways offered through the app.

For on-chain activity, you can also withdraw CHZ to a self-custody wallet and bridge to Chiliz Chain to interact with sports-focused dApps directly.

How to Get a Chiliz Wallet?

CHZ exists as an ERC-20 token on Ethereum, a BEP-20 token on BNB Chain, and the native gas token on Chiliz Chain. Most popular Ethereum-compatible wallets support it across these networks:

Socios Wallet

The Socios.com mobile app includes an in-app non-custodial wallet that is the most convenient way to manage CHZ and Fan Tokens for everyday use.

MetaMask

MetaMask supports CHZ as an ERC-20 token on Ethereum and BNB Chain, and can be configured with the Chiliz Chain RPC to manage native CHZ and interact with on-chain Fan Tokens.

Trust Wallet

Trust Wallet is a popular mobile wallet that supports CHZ on Ethereum and BNB Chain out of the box and works well for fans who prefer a single multi-chain app.

Hardware Wallets

For larger balances, Ledger and Trezor hardware wallets can hold CHZ through their integrations with MetaMask, keeping keys offline while still allowing you to interact with Chiliz Chain.

Chiliz Resources

How to Buy Chiliz?

CHZ is widely listed and easy to acquire across both centralized and decentralized venues:

Centralized Exchanges

CHZ is available on Binance, Coinbase (where regional availability varies), Kraken, Bybit, OKX, KuCoin, Bitget, Gate, and many others. Common trading pairs include CHZ/USDT, CHZ/USDC, CHZ/EUR, and CHZ/BTC.

Decentralized Exchanges

CHZ can be traded on Uniswap on Ethereum and on PancakeSwap on BNB Chain. DEX aggregators such as 1inch will route through the deepest liquidity automatically.

After buying, CHZ can be moved to the Socios.com app to participate in Fan Token Offerings, sent to a self-custody wallet for long-term storage, or bridged to Chiliz Chain to use in on-chain sports applications.

Latest Chiliz News

The most consequential recent development for Chiliz was the launch of the public, EVM-compatible Chiliz Chain, which moved Fan Tokens onto a permissionless Layer 1 and opened the network to outside developers. Chiliz has continued to expand its partnership roster across European football, Formula 1, and combat sports, and has invested in adjacent experiments such as on-chain ticketing and tokenized rewards programs.

As with any sports-linked asset, CHZ and Fan Token prices are sensitive to sentiment around the broader crypto market and to news cycles around partnered clubs. Following the official Chiliz and Socios channels is the best way to stay current on Fan Token Offerings, validator changes, and platform updates.