Total Supply: 8.8 billion tokens
Fan Tokens: $CHZ is used to purchase Fan Tokens of different sports teams on the Socios platform.
Read MoreVoting Power: Holding more Fan Tokens gives fans a stronger voice in polls on the Socios platform.
Read MoreExclusive Rewards: Some rewards or experiences on the Socios platform can only be accessed using $CHZ or specific Fan Tokens.
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- The initial allocation was spread among the team, advisors, strategic acquisitions, userbase, and reserves.
- A portion was reserved for marketing and partnerships.
At various points, Chiliz introduced staking mechanisms where holders could earn rewards for staking their $CHZ tokens.
Read MoreWhile not a core feature initially, many crypto projects introduce burning mechanisms to reduce the circulating supply and potentially increase scarcity. Always check their official channels for the latest on this.
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Chiliz 🌶️ is a groundbreaking crypto project focused on sports and fan engagement. Through its platform, sports enthusiasts can acquire and utilize $CHZ tokens to participate in club decisions, support their favorite teams, and access exclusive fan experiences. By bridging the gap between the sporting world and blockchain, Chiliz ensures fans are at the heart of the action, both on and off the field!
Total Supply: 8.8 billion tokens.