Chiliz came as a solution for sport fan that crave a deeper connection to their favorite teams. It has built a blockchain-based platform that allows sport clubs and athletes to create their own token. With examples including the Juventus token and the Barcelona token. Each of these tokens come with certain benefits. Which can range from access to exclusive content all the way to helping the clubs with its decision making and voting on important issues. In this blogpost we’ll jump in into the exiting world that is Chiliz, and give you a full explanatory on how it works. Alongside with the potential Chiliz can have on revolutionizing the fan experience.
What is Chiliz
Chiliz is a blockchain platform that aims to revolutionize the sports and entertainment industry. It runs on its own Ethereum based blockchain, called the Chiliz Chain, and aims to provide fans with unique ways to interact with there favorite teams and athletes. This in the form of a digital asset called fan tokens. With these tokens, fans can engage with their favorite teams in unprecedented ways. This includes attending matches, getting exclusive content but also things like meet and greets with there favorite player. Besides this, some tokens also give the ability for token holders to vote in important club matters, allowing fans to shape the club.
To create these tokens, Chiliz partners with sport clubs and teams from around the world. And together with them they define the features of the tokens, like the voting rights and distribution of rewards, alongside the general design of the token. Once the fan tokens are created they are made available publicly to there fans through a FTO or Fan Token Offering, which is comparable to an ICO or IPO. When an FTO is live, fans can receive the tokens either via distribution by the club (in the form of rewards for example) or via the Socios.com app. Which is the mobile app from Chiliz and is the place where fans can mange their fan tokens as well as participate in club-related activities, access the exclusive content they earned and interact with other fans.
With these initiatives, both the sport clubs as well as Chiliz aim to provide the fan with the greatest experience possible. From unique experiences to voting on important matters, clubs now provide fans with more possibilities to enjoy their favorite club. Creating a closer bond between the club and its fans.
There are currently a few notable names within sports that have started partnering with Chiliz. These include football clubs like Manchester City, Inter Milan and Aston Villa. But also others like Esports teams, the UFC and Formula 1, who now all have there own fan token.
The team behind Chiliz
Down below we have listed a few notable Chiliz team members that have contributed to the success of Chiliz.
Alexandre Dreyfus (CEO): Alexandre Dreyfus is the CEO and founder of Chiliz. He has a background in digital media and technology and has been the driving force behind the vision and growth of Chiliz.
Max Rabinovitch (COO): Max Rabinovitch serves as the Chief Operating Officer (COO) at Chiliz. During his career he has garnered a a wealth of experience in the sports and entertainment industry. He plays a vital role in leading the day to day operations of Chiliz.a
Emma Diskin (Head of Partnerships): Emma Diskin is the Head of Partnerships at Chiliz. She has a background in business development and sports marketing. She is responsible for forging partnerships with sports clubs.
Joe Grech (Head of Technology): Joe Grech leads the technology division and has experience in blockchain and software development. Grech oversees the technical aspects of the Chiliz project.
Victor Goossens (Advisor): Victor Goossens serves as an advisor to Chiliz. He has extensive experience within the esports scene and helps open up possibilities for Chiliz to grow within the esports scene.
Partnerships
As we know, Chiliz is all about partnerships with sport clubs and athletes. Down below we have listed a few major ones. These are however not all the partnerships that Chiliz has.
FC Barcelona: FC Barcelona is regarded as one of the world’s most successful football clubs and has , in partnership with Chiliz, created a fan token called the Barca Fan Token (BAR). This token allows fans to vote on important club matters and earn exclusive rewards.
Paris Saint-Germain (PSG): Probably the biggest football club from France also entered a partnership to create a token for the club. This has ultimately led to the creation of the PSG Fan Token (PSG) which give holders the chance to participate in club decisions and let the holders enjoy exclusive content.
UFC: Besides the many partnerships that Chiliz has with football clubs (20+), Chiliz also has partnerships with other sports organizations such as the UFC. For the UFC Chiliz is also working on a token, that would enable UFC fans to view exclusive content and receive rewards.
Official Fan Token Partner of Formula 1®: And last but not least on the list of partnership is the Chiliz partnership with the Formula 1. Chiliz will create a token for the Formula 1, allowing holders to participate in Formula 1 related activities.
Please note that besides these listed organizations and clubs there are numerous partnerships with other organizations and clubs among various sports. If you want to few the complete and current up-to-date list please visit. Socios.com
Where to buy Chiliz?
Chiliz itself can be bought on several exchanges like Bitvavo (Europe focussed), Bybit (Global focus) and Kucoin (Asian/Global focus). The various fan tokens however, can partially be bought on these exchanges. As they mostly list the big fan tokens. If you want to buy a fan token that isn’t listed on one of those exchanges, my advice would be to visit Socios.com. It is the official website of Chiliz and distributes all the fan tokens.
Disclaimer
Please note that the information provided in this blog post is for informational purposes only and should not be considered as financial advice. The content presented is based on personal opinions and research, and it is recommended to conduct your own analysis and consult with a qualified financial advisor before making any investment decisions. Cryptocurrency investments carry inherent risks, and the author and website shall not be held responsible for any financial losses or damages incurred. Always exercise caution and make informed decisions when dealing with cryptocurrencies or any other financial assets. Lastly, please conduct your own research into the legality of crypto within your jurisdiction.