CHZ is the native cryptocurrency of Chiliz, a blockchain platform focused on the sports and entertainment industries. Chiliz powers Socios.com, a fan engagement platform, and operates Chiliz.net, a fan token exchange. Founded by Alexandre Dreyfus, the company raised over $66 million in a private sale in 2018. According to public records, Chiliz originated as part of Mediarex Group, a sports and entertainment organization. But where exactly is CHZ coin from, and is it a scam? Let’s dive into the details.
Where Is CHZ Coin From?
Chiliz is headquartered in Malta, a country known for its crypto-friendly regulations and growing blockchain ecosystem. The platform enables sports organizations to create and launch digital fan tokens—cryptocurrency assets that give fans unique privileges and interactive experiences.
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These fan tokens are not equity in the team but rather utility tokens that unlock benefits such as:
- Voting rights on non-critical team decisions (like jersey designs or anthem choices)
- Exclusive access to merchandise and VIP event experiences
- Rewards and gamified engagement through the Socios app
- Opportunities to earn limited-edition NFTs
The CHZ token serves as the backbone of this ecosystem. It’s used to purchase fan tokens, participate in voting, stake for rewards, and access premium features on Socios.com. Initially launched as an ERC-20 token on the Ethereum blockchain, CHZ later expanded to BNB Smart Chain (BEP-20) and Tron (TRC-20), increasing accessibility and reducing transaction costs for users worldwide.
Chiliz has partnered with some of the biggest names in global sports, including:
- Paris Saint-Germain (PSG)
- FC Barcelona
- Atlético Madrid
- Manchester City
- Juventus
- AS Roma
These collaborations allow millions of fans to engage with their favorite clubs using CHZ and fan tokens. The model blends digital collectibles, community participation, and blockchain innovation—offering a new way for sports organizations to monetize fan loyalty while deepening engagement.
Is CHZ Coin a Scam?
No, CHZ is not a scam. It is a legitimate cryptocurrency backed by real-world partnerships, transparent development, and measurable adoption across major sports franchises.
As of October 7, 2022, CHZ ranked among the top 40 cryptocurrencies globally by market capitalization, reaching **$1.29 billion**, according to CoinMarketCap. While its price has fluctuated—trading around $0.2175 at that time—it has maintained consistent liquidity and exchange listings on major platforms.
Key Facts About CHZ Supply and Distribution
The total maximum supply of CHZ was set at 8.88 billion tokens, all minted at genesis. Here's how the initial allocation was structured:
- 34.5% (3.06 billion): Reserved for public and private token sales
- 10% (888 million): Allocated to the founding team and seed investors
- 3% (266.6 million): Distributed to the six-member advisory board
- 30% (2.66 billion): Set aside for strategic marketing, partnerships, and acquisitions
- 22.5% (2 billion): Held in user reserve to support future platform incentives and growth
This distribution model shows a balanced approach—avoiding excessive centralization while ensuring long-term project sustainability. Notably, a significant portion of tokens went toward ecosystem development rather than enriching insiders.
On-chain data from Etherscan reveals that the largest holder of CHZ is a multi-signature wallet linked to Chiliz, holding over 2.88 billion CHZ—about 32% of total supply. This level of transparency helps build trust, as funds are secured through multi-party control rather than held by a single entity.
Additionally, two wallets associated with Binance, one of the world’s largest crypto exchanges, rank as the second and third-largest holders, collectively controlling more than 1.8 billion CHZ (over 20% of supply). A fourth wallet, anonymous but holding 422 million CHZ, rounds out the top holders.
While large token concentrations can raise concerns, the presence of reputable exchanges like Binance as major holders often signals institutional confidence and strong trading demand.
Frequently Asked Questions (FAQ)
Q: Can I use CHZ outside of Socios.com?
Yes. While CHZ is primarily used on Socios.com to buy fan tokens and vote, it’s also tradable on major cryptocurrency exchanges like Binance, OKX, and Kraken. You can hold it as an investment or use it in other DeFi applications where supported.
👉 Learn how to start trading CHZ securely on a trusted platform.
Q: Does buying CHZ make me a shareholder in a sports team?
No. CHZ itself does not grant ownership or equity in any sports club. Fan tokens purchased with CHZ offer engagement benefits and voting rights on fun, non-financial decisions—but they are not shares.
Q: How is CHZ different from other sports-related cryptocurrencies?
CHZ stands out due to its real-world adoption by elite football clubs and global esports teams. Unlike speculative projects without partnerships, Chiliz has built a working ecosystem with measurable user activity—millions have interacted with fan tokens via the Socios app.
Q: Is CHZ environmentally sustainable?
CHZ operates across multiple blockchains, including energy-efficient chains like BNB Smart Chain. This reduces its carbon footprint compared to proof-of-work coins like Bitcoin.
Q: Can I stake CHZ?
Yes. Users can stake CHZ on Socios.com to earn rewards such as fan tokens, exclusive NFTs, or cash prizes. Staking promotes long-term holding and active participation in the ecosystem.
Final Thoughts: Is CHZ Worth Considering?
CHZ represents a unique intersection of blockchain technology, sports fandom, and digital engagement. Backed by real partnerships with world-famous teams and transparent tokenomics, it goes beyond hype to deliver tangible utility.
While its price performance depends on broader crypto market trends and adoption rates of fan tokens, CHZ remains one of the few cryptocurrencies with widespread institutional and fanbase traction in the sports world.
For investors interested in the future of digital fan economies—or simply looking to deepen their connection with favorite teams—CHZ offers both practical use cases and long-term potential.
👉 See how you can get started with CHZ and explore the future of fan-powered platforms.
With continued innovation from Chiliz and growing interest from global sports brands, the CHZ ecosystem is positioned to remain a key player in the evolving landscape of Web3 and decentralized fan engagement.
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