CHZ operates as an ERC20 token on the Ethereum blockchain and a BEP2 token on the Binance smart chain. It also operates on an on-chain blockchain named “Consortium chain” for sending and receiving public and private information inside the platform. The main transaction is fundraising by buying, selling, trading CHZ and fan tokens. Partners and organizations will benefit from its transaction fees.
The Chiliz ecosystem has been designed to accommodate fans. They can buy CHZ and trade it for fan tokens of their favorite team via socios.com. Teams and organizations can adjust the price, supply, token distribution, as well as rewards and special benefits for fan token holders.
Fan tokens of each team can be burned based on team performance, such as scoring or winning, which means tokens become rarer and more valuable.
For questions and inquiries, please feel free to contact us.