Chiliz (CHZ)

What is Chiliz?

Chiliz is a utility token powering the Chiliz and Socios.com sports engagement ecosystem, operating under the ticker CHZ. The project was launched in the year 2019 by founder Alexandre Dreyfus to bridge the gap between active and passive fans. Because the specific consensus mechanism is not detailed in the primary data, the token functions primarily within its designated platform architecture to facilitate interactions. The primary use case for the CHZ token involves enabling users to participate in various fan-related activities across the network. Currently, Chiliz holds a market rank of 133 and is closely associated with related sports assets like PSG, BAR, and JUV.

How does Chiliz work?

Chiliz operates as a utility token within the broader sports and entertainment digital asset ecosystem. Because specific consensus details are not provided, the token relies on the underlying blockchain architecture it was deployed upon. This structural foundation ensures that all digital interactions remain secure and verifiable across the network.

Participants in this network primarily include sports fans, partner organizations, and platform operators managing the infrastructure. These users interact with the system by acquiring tokens to access specific features within the Socios.com environment. The network operators maintain the necessary technical frameworks to process these user interactions efficiently.

The transaction flow begins when a user initiates a transfer or interacts with a specific platform feature. These requests are then broadcast to the underlying network infrastructure for validation and subsequent processing. Once confirmed by the system, the transaction settles, updating the user balances and recording the activity permanently.

Chiliz use cases

Chiliz tokenomics

The tokenomics of Chiliz are defined by its circulating supply, which currently stands at 10459935491 CHZ tokens. Because a maximum supply limit is not specified in the available data, the token may operate under an inflationary issuance model where new tokens can be generated over time. This open-ended supply structure means that the total number of tokens in existence could continue to increase depending on the underlying protocol rules. The current circulating supply of 10459935491 tokens represents the amount actively available for use within the sports engagement ecosystem. Without a hard cap, the network relies on its internal mechanisms to manage the ongoing distribution and issuance of new assets to participants.

Chiliz price history & milestones

Chiliz was officially launched in the year 2019 to introduce a new digital asset for the sports and entertainment industry. Shortly after its initial market introduction, the token experienced its all-time low price of $0.004001 on 2019-09-27. As the platform expanded its partnerships and user base over the following years, the asset eventually reached its all-time high price of $0.8915 on 2021-03-13. These historical price points represent the extreme boundaries of the token's market valuation since its inception. Today, the digital asset continues to operate within the broader cryptocurrency market environment. Currently, Chiliz holds a market rank of 133, reflecting its relative position among other digital assets based on its circulating supply and market capitalization.