Question: What is CHZ and where is it used?

Answer: CHZ is the token of the Chiliz ecosystem: it’s used to interact with the fan economy (fan tokens) and also acts as the native token of the Chiliz Chain network (gas, staking, governance).

Question: Is CHZ an Ethereum token or a token of a separate network?

Answer: CHZ was originally issued as an ERC-20 token on Ethereum, but later migrated to Chiliz Chain and is now managed on Chiliz Chain under the CAP-20 standard (some supply may remain on Ethereum as “legacy”).

Question: Is CHZ supply capped?

Answer: The initial total issuance was 8,888,888,888 CHZ, but after Dragon8 issuance became inflationary (total supply is not fixed and grows according to the protocol).

Question: What’s the difference between Chiliz Chain and Socios.com?

Answer: Chiliz Chain is an EVM-compatible blockchain (network, smart contracts, fees, staking), while Socios.com is a user platform/app where fans can buy/use fan tokens for voting, rewards and activities. CHZ links these parts as a base asset and gas token.

Question: What are Fan Tokens and how are they related to CHZ?

Answer: Fan Tokens are club/brand tokens that provide access to votes, perks and interactions with teams. In practice, CHZ often serves as the “entry currency” to buy Fan Tokens on Socios.com and compatible platforms.

What is Chiliz (CHZ)

Chiliz (CHZ) is the token of the Chiliz/Socios ecosystem for fan engagement in sport and entertainment: it’s used to buy fan tokens and to interact with club activities.

Launch 01.10.2018 Chiliz Chain

Who created it

Chiliz / Mediarex; the project’s key public figure is Alexandre Dreyfus (CEO; also listed as an author in the reference card). Issuer of CHZ (in the whitepaper): HX Entertainment Limited (Malta).

Why it was created

To build Web3 infrastructure for sport/entertainment and an economy where fans can buy fan tokens, take part in activities and voting, with CHZ acting as the network’s base token (gas/validators/governance).

How it’s used

Buying fan tokens and participating in activities/pools on Socios and partner products
Paying fees on the Chiliz Chain network (transactions, smart contracts)
Staking/consensus participation: running a validator or delegating CHZ to validators
On-chain governance: proposals and votes on the network (governance)

Risks

High volatility and price dependence on the overall crypto market (BTC/ETH cycles, liquidity, risk-off).
Demand for CHZ is strongly tied to real usage in the fan-token ecosystem and sports integrations (if interest from clubs/audiences falls, utilitarian demand falls), including Socios.com.
Regulatory risk: fan tokens/related ecosystems may face restrictions across jurisdictions; CHZ has also been mentioned in the context of U.S. Securities and Exchange Commission claims against Coinbase.
Tokenomics (dilution) risk: the network states an inflation mechanism (annual base inflation starts around 8.8% and declines over time to a “floor”), while any deflationary effect depends on the scale of fee burning (EIP-1559-like burn).
Governance risk: voting decisions/updates can change the economics (inflation/rewards/network parameters), directly affecting holders.

FAQ

Question: What is CHZ and where is it used?: Answer: CHZ is the token of the Chiliz ecosystem: it’s used to interact with the fan economy (fan tokens) and also acts as the native token of the Chiliz Chain network (gas, staking, governance).
Question: Is CHZ an Ethereum token or a token of a separate network?: Answer: CHZ was originally issued as an ERC-20 token on Ethereum, but later migrated to Chiliz Chain and is now managed on Chiliz Chain under the CAP-20 standard (some supply may remain on Ethereum as “legacy”).
Question: Is CHZ supply capped?: Answer: The initial total issuance was 8,888,888,888 CHZ, but after Dragon8 issuance became inflationary (total supply is not fixed and grows according to the protocol).
Question: What’s the difference between Chiliz Chain and Socios.com?: Answer: Chiliz Chain is an EVM-compatible blockchain (network, smart contracts, fees, staking), while Socios.com is a user platform/app where fans can buy/use fan tokens for voting, rewards and activities. CHZ links these parts as a base asset and gas token.
Question: What are Fan Tokens and how are they related to CHZ?: Answer: Fan Tokens are club/brand tokens that provide access to votes, perks and interactions with teams. In practice, CHZ often serves as the “entry currency” to buy Fan Tokens on Socios.com and compatible platforms.