What is CHZ
Chiliz (CHZ) is a blockchain fintech provider for the Socios.com sports fan engagement platform. Partnered with some of the biggest names in international sports including UFC and Manchester City among others, Chiliz gives sports fans the opportunity to become influencers for their favorite teams with a suite of blockchain-backed products and services. Using the platform's native ERC-20 token CHZ, Socios.com allows fans to purchase branded Fan Tokens from their favorite sports teams and use these tokens to gain special recognition and real world voting rights to help shape the future of their favorite sports teams. Fan Tokens are minted on Chiliz blockchain and voting is executed using a series of Chiliz blockchain smart contracts, providing a trustless and scalable governance solution to its community of subscribers.