CHZ Coin is the native cryptocurrency of the Chiliz platform, a blockchain technology provider specializing in sports and entertainment. Chiliz operates a fan token exchange (chiliz.net) and a fan engagement platform called Socios. The company was founded by Alexandre Dreyfus, who also serves as its CEO. In 2018, Chiliz raised over $66 million through private funding rounds. According to Dreyfus's LinkedIn profile, Chiliz operates as a subsidiary under the Mediarex Group, a global sports and entertainment organization. But where exactly does CHZ Coin originate, and is it legitimate? Let's break it down.
Where is CHZ Coin Based?
Chiliz is headquartered in Malta, a country known for its crypto-friendly regulations. The platform enables sports organizations to create and distribute fan tokens, which supporters can purchase, collect, and trade.
Fan tokens are a type of cryptocurrency designed to offer:
- Exclusive membership perks
- Voting rights on team decisions
- Merchandise rewards
- Access to official NFTs
CHZ serves as the backbone of Socios.com, a fan rewards platform. Initially launched as an ERC-20 token on Ethereum, CHZ has since expanded to BNB Smart Chain (BEP-20) and Tron (TRC-20) networks.
Key Use Cases for CHZ Coin:
- Purchasing fan tokens on Chiliz Exchange or Socios.com.
- Partnering with major sports clubs (e.g., Paris Saint-Germain, FC Barcelona, Manchester City) for fan engagement.
👉 Discover how CHZ powers fan economies
Is CHZ Coin a Scam?
CHZ is not a scam. As of October 2022, CoinMarketCap ranked CHZ as the 40th-largest cryptocurrency, with a market cap of $1.29 billion. Its price hovered around $0.2175—far below its all-time high of <$1.
Tokenomics:
- Total Supply: 8.88 billion CHZ (fixed at genesis).
Distribution:
- 34.5% allocated to sales/presales.
- 10% to team/seed investors.
- 30% for marketing/acquisitions.
- 22.5% held in reserve.
The largest CHZ holder is a Chiliz-controlled multisig wallet (32% of supply). Binance-associated wallets rank second and third, holding 20% collectively.
FAQ
Q: Can CHZ Coin reach $1?
A: While possible, it depends on adoption and market conditions. Historically, CHZ has stayed under $1.
Q: How do I buy CHZ?
A: Purchase CHZ on major exchanges like Binance or OKX.
Q: What makes CHZ unique?
A: It bridges sports teams with fans via blockchain, offering real-world utility.
👉 Explore CHZ trading opportunities
Note: Always conduct independent research before investing in cryptocurrencies.