ChilizChiliz-pris 

CHZ

Every sporting organization using the Chiliz technology has a limited supply of fan tokens that are offered at an initial FTO (fan token offering). These tokens are offered on a first-come-first-serve basis, with the opening price and fully diluted market cap disclosed by Chiliz beforehand. The native CHZ token is used to purchase fan tokens and acts as the platform’s internal currency. Fans can then vote on the Socios platform with their fan tokens, a process made possible using smart contracts. Clubs determine the amount of influence fans have. Decisions can range from new jersey designs to deciding team matchups in exhibition games.

Chiliz pioneered direct participation for average sport fans in the decision-making process of clubs and organizations. The company is constantly creating new ways for fans to engage, with the establishment of the Chiliz Blockchain Campus, a privately-owned crypto incubator focused on accelerating blockchain technology adoption across Asia and Europe as an example. The company estimates to be at about 10% of its potential, despite the fact that it will likely have 80-100 teams as a part of its network by the end of 2021.

The total supply of CHZ is 8.8 billion, minted at its launch in October 2018 and distributed to early contributors with no public sales beyond what was made available through exchanges. The token distribution is as follows:

15 % – Strategic Acquisitions

5% – Team

7% – Seed investors

3% – Advisory board

15% – Marketing

20% – Userbase reserve

34.5% – Token sale

Initially, CHZ launched as ERC-20 token, but it was later also designed to be BEP-2 compatible, owning Binance Launchpool’s role in releasing fan tokens as part of a strategic partnership. CHZ is also available as TRC-20 token on the Tron blockchain.

CHZ is available on Binance, Huobi, Coinbase and many other exchanges.

Cryptocurrency newbie? You can read more about how to enter the market and how to buy CITY or any other token in the CoinMarketCap education portal — Alexandria.

Check out Paris Saint-German Fan Token (PSG).

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Learn more about sports NFT platforms in our Ultimate Guide for Top NFT Sports Platforms.

What are fan tokens? Learn more with CMC Alexandria.

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