Chiliz (CHZ) has emerged as a groundbreaking cryptocurrency at the intersection of blockchain technology and sports entertainment. As the native token of Socios.com, Chiliz powers a decentralized platform that enables fans to actively engage with their favorite sports teams through digital fan tokens. This article explores the current market performance of CHZ, its underlying ecosystem, historical milestones, and real-world applications in modern sports fandom.
Current CHZ Market Data and Performance
As of today, Chiliz (CHZ) is trading at $0.0356**, reflecting a 24-hour price change of **-3.26%**. Despite short-term fluctuations, CHZ maintains a solid presence in the crypto market with a **market capitalization of $345.3 million, matching its fully diluted valuation due to a fixed maximum supply.
Key metrics include:
- 24-hour trading volume: $35.7 million
- 24-hour price range: $0.03555 – $0.03705
- Circulating supply: 9.7 billion CHZ
- Maximum supply: 9.7 billion CHZ
This capped supply model ensures scarcity and long-term value preservation, distinguishing CHZ from inflationary cryptocurrencies.
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All-Time High and Price History
Chiliz reached its all-time high (ATH) of $0.8786 on March 13, 2021, during the broader crypto bull run fueled by institutional interest and NFT adoption. While the current price reflects a -95.95% drop from ATH, this correction aligns with broader market trends and does not diminish the project’s real-world utility.
The journey since 2021 highlights resilience amid volatility, with consistent developments in partnerships, platform upgrades, and user growth—factors that may influence future price recovery.
What Is Chiliz (CHZ)?
Chiliz is more than just a cryptocurrency—it's the backbone of a global sports fan engagement revolution. Designed specifically for the sports and entertainment industry, CHZ enables users to purchase fan tokens for major teams across football, basketball, esports, MMA, and more via the Socios.com platform.
These fan tokens grant holders voting rights on non-critical team decisions, access to exclusive rewards, merchandise discounts, and even opportunities to attend meet-and-greets with athletes.
Core Use Cases of CHZ
- Purchase of fan tokens: Users must convert CHZ into team-specific tokens (e.g., FC Barcelona Fan Token)
- Staking and rewards: Holders can stake CHZ to earn loyalty points and additional benefits
- Governance participation: Influence team choices such as jersey designs or anthem selections
- NFT ticketing and digital collectibles: Access event tickets and limited-edition memorabilia on-chain
With blockchain transparency and smart contract automation, Chiliz ensures secure, tamper-proof interactions between fans and organizations.
The Evolution of Chiliz: Key Milestones
Since its inception in 2018 by entrepreneur Alexandre Dreyfus, Chiliz has evolved from a conceptual blockchain solution into a globally recognized platform powering over 150 sports entities.
Timeline of Major Developments
- 2018: Founded under Mediarex Group; raised $66 million from top-tier investors including Binance Labs and Jump Capital
- Late 2018: Launched CHZ as an ERC-20 token on Ethereum
- December 2019: Official launch of Socios.com
- Early 2020: Introduced Chiliz.net, the world’s first sports-focused centralized exchange
- May 2022: Signed Lionel Messi as global brand ambassador in a $20 million deal
- August 2022: Invested $100 million in Barça Studios, acquiring a 24.5% stake
- February 8, 2023: Launched Chiliz Chain 1.0—a high-performance Layer-1 blockchain compatible with the Ethereum Virtual Machine (EVM)
This EVM-compatible chain supports NFTs, Web3 gaming, and scalable fan engagement tools, positioning Chiliz as a leader in blockchain-based sports innovation.
How Socios.com Works
Socios.com operates as a fan empowerment platform where supporters use CHZ to buy team-specific fan tokens. These tokens represent digital membership rather than equity—giving fans a voice without affecting club ownership.
Each team launches its fan token through an Initial Fan Offering (IFO), priced in CHZ. Once acquired, fans can:
- Vote in polls hosted by teams (e.g., “Choose our next charity partner”)
- Earn “loyalty points” for app activity
- Unlock VIP experiences and exclusive content
- Trade tokens on secondary markets
Smart contracts ensure all votes are transparent and immutable, reinforcing trust in the system.
Sports Supported on Socios.com
Socios.com spans multiple disciplines beyond traditional football (soccer), including:
- Basketball (e.g., Paris Basketball)
- American Football (e.g., Las Vegas Raiders)
- Tennis (e.g., AS Roma Tennis)
- Rugby (e.g., Harlequins)
- Esports (e.g., OG, Alliance)
- Motorsports (e.g., Alpine F1 Team)
With partners across 25 countries, the platform continues expanding into new regions and leagues.
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Governance Opportunities for Fans
One of Chiliz’s most innovative features is enabling fans to influence both team and league-level decisions. While critical matters like transfers or finances remain with management, fan tokens allow input on creative and community-driven choices.
| Team Management Influence | League-Wide Influence |
|---|---|
| Jersey design selection | Voting on new game modes |
| Charity match opponents | League format adjustments |
| Training session themes | Tournament naming rights |
| eSports roster picks | Match scheduling preferences |
This participatory model strengthens emotional investment and deepens brand loyalty—benefiting both clubs and supporters.
Burning Mechanism and Tokenomics
To maintain economic balance, a portion of CHZ generated from:
- Fan token sales
- NFT auctions
- Trading fees on Chiliz.net
is permanently burned. This deflationary mechanism reduces circulating supply over time, potentially increasing scarcity and value.
To date, over 65 million CHZ tokens have been burned, reinforcing confidence in sustainable tokenomics.
Frequently Asked Questions (FAQ)
What is the current price of Chiliz (CHZ)?
As of now, one CHZ is valued at $0.0356 USD.
What is the maximum supply of CHZ?
The total maximum supply of Chiliz is capped at 9.7 billion tokens, with full circulation already achieved.
How many CHZ coins are in circulation?
There are currently 9.7 billion CHZ in circulation—the same as the maximum supply.
Can I stake CHZ or fan tokens?
Yes, users can stake both CHZ and fan tokens on Socios.com to earn rewards such as loyalty points and exclusive perks.
Is Chiliz built on Ethereum?
Initially launched as an ERC-20 token on Ethereum, Chiliz now runs on its own EVM-compatible Layer-1 blockchain called Chiliz Chain.
Who is behind the Chiliz project?
Chiliz was founded by Alexandre Dreyfus, a digital media entrepreneur and former CEO of Mediarex Group.
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Final Thoughts: The Future of Sports Fandom
Chiliz represents a paradigm shift in how fans interact with sports. By merging cryptocurrency with real-world utility, it transforms passive audiences into active stakeholders. Despite current price levels well below ATH, ongoing developments—such as strategic investments, celebrity endorsements, and technological upgrades—suggest strong long-term potential.
For investors and sports enthusiasts alike, CHZ offers more than speculative value; it provides access to a growing ecosystem where passion meets participation.
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