Chilliz is one of the most innovative projects that is gradually attracting attention. Chiliz was founded by Alexandre Dreyfus. He is also the founder of Webcity, an interactive travel guide, and Winamax and Chilipoker, online poker projects.
For sports fans and for those who want to share their opinion with their favorite teams, Chilliz is the platform that facilitates such services.
What are Chiliz use cases?
Launched in 2018, Chiliz was born with the thought that blockchain technology could be used by sports fans around the world to interact with their favorite team.
Similarly, teams could use this cryptocurrency to monetize their global fan base.
With Chiliz’s help, fans can be as close to their team as possible. They can participate in surveys and surveys and help the team decide.
However, to keep fans in check, clubs have a predetermined meaning that will be placed on the influence that fans can have.
Chilliz Use Cases
Chiliz has positioned itself as a provider of blockchain fintechs for sports and entertainment. With the help of Chiliz, you can track the daily involvement of fans in entertainment and different options alternative payment solutions for conventional products and more.
The main use of Chiliz is to allow sports fans to purchase fan tokens on Chiliz Exchange or the Socios platform. Therefore, to facilitate this, Chiliz has partnered with well-known sports teams and brands.
Chiliz has its own exchange known as Chiliz exchange which is an exchange only for tokenized sports and entertainment.
Chiliz has partnered with many clubs that have their own tokens. Some of these clubs are AC Milan, Juventus, AS Roma, Paris Saint-Germain and FC Barcelona.
Chiliz is an official partner of sports teams and organizations such as FC Barcelona, Juventus, Paris Saint-Germain, AS Roma, Galatasaray, Atlético de Madrid, OG, CAI & UFC.
How is Chiliz different from others?
With more cryptocurrencies being created every day and a number of blockchain platforms coming to light, each platform is working to focus on one feature to differentiate it from the others.
Chiliz has positioned itself as a provider of blockchain fintechs for sports and entertainment. Chiliz’s blockchain-based sports entertainment platform, Socios, helps users participate in the governance of their favorite sports brands.
With the help of Chiliz, you can track the daily involvement of fans in entertainment and different options alternative payment solutions for conventional products and more.
Socios.com, Chiliz’s user engagement platform serves as a bridge between fans and their sports team. Users can influence their team’s decision via popular vote using tokens purchased on the Chiliz exchange.
Chiliz’s developers devised the Chiliz exchange, which is a leading tokenized sports and entertainment exchange.
In addition to this, Chilliz has a strong team working on its development. Chiliz developed the Socios.com sports fan engagement platform that is based on Chiliz’s blockchain infrastructure and uses $CHZ as the exclusive currency on the platform.
Chilliz helps clubs achieve fan engagement. Each vote costs 1 $CHZ. Clubs on the Socios app make an FTO (Fan Token Offering), where they sell 10 million tokens. The money is then split between the club, streamer, and influencers.
Who are Chiliz’s competitors?
Chiliz has a truly unique feature to offer users. Due to its uniqueness, there are currently no direct competitors of Chiliz in its field which is the tokenization of the management of voting rights related to esports.
However, some developments are underway to compete with Chiliz in his archive. Few of these developments are:
Enjin: Enjin is called Chiliz’s No. 1 rival. Enjin allows entrepreneurs to conceive NFT projects based on games, art, music and sports with the functionality of creating custom coins without any coding.
Sorare: Sorare is working on designing a platform that helps football fans connect with their favorite soccer players. Sorare will also use blockchain to offer this service.