Chiliz is a blockchain network designed for the sports and entertainment industry, powering fan tokens and interactive experiences through its Chiliz Chain.
Chiliz enables clubs to launch fan tokens, which give holders access to voting rights, exclusive rewards, and in-app experiences via platforms like Socios.com.
CHZ is the native token used for purchasing fan tokens, paying gas fees on the Chiliz Chain, and staking in the validator ecosystem.
Chiliz uses a proof-of-stake authority (PoSA) consensus model with a set of vetted validators who produce blocks, validate transactions, and secure the network.
While Chiliz is primarily a standalone chain, it is developing cross-chain capabilities to enable fan token transfers and experiences across multiple blockchain ecosystems.