Chiliz.

Chiliz initially launched its CHZ token on the Ethereum blockchain as an ERC-20 token, later evolving to develop its own Layer-1 blockchain, the Chiliz Chain. This EVM-compatible Proof-of-Stake Authority (PoSA) chain serves as the foundational infrastructure for creating, managing, and distributing digital fan tokens for sports and entertainment entities. Socios.com is the primary direct-to-consumer platform built on the Chiliz Chain, where fans can purchase, trade, and interact with these branded fan tokens in a secure and scalable environment. The CHZ token is the native cryptocurrency of the Chiliz Chain and the core utility token within the Socios.com ecosystem. Its primary function is to enable the acquisition of various fan tokens launched by partner organizations. Beyond purchasing, CHZ can be used for staking on the Chiliz Chain, contributing to network security and earning rewards. Holding specific fan tokens, which are acquired with CHZ, grants fans exclusive benefits such as voting rights in club polls, access to VIP experiences, participation in games, and eligibility for discounts and unique merchandise, thereby deepening fan engagement. Chiliz has established itself as a leading innovator in leveraging blockchain technology for sports and entertainment fan engagement. Through its Socios.com platform, it has forged partnerships with over 170 major sports organizations globally, including top-tier football clubs like FC Barcelona, Paris Saint-Germain, and Manchester City, as well as NBA teams, Formula 1 teams, and UFC. This extensive network provides Chiliz with a significant first-mover advantage and a dominant market share in revolutionizing how fans interact with and support their favorite teams and brands, establishing a novel monetization channel for these entities.