CHZ/EUR: Convert Chiliz (CHZ) to Euro (EUR)

Chiliz (CHZ) is a digital currency that aims to transform the sports and entertainment industry. Developed by a Malta-based FinTech provider, Chiliz operates the blockchain-based sports entertainment platform Socios. This platform allows users to participate in the governance of their favorite sports brands through fan tokens. By purchasing CHZ, fans gain access to these tokens and can influence club-related decisions through surveys and polls. Chiliz has established partnerships with renowned sporting institutions worldwide, including FC Barcelona, Manchester City, Juventus Turin, and Paris Saint-Germain. The company's goal is to bridge the gap between being an active and a passive fan, providing a new way for sports clubs and associations to connect with their fans and unlock new revenue streams.

Chiliz operates through a blockchain-based platform called Socios, where sports organizations can offer a limited supply of fan tokens through an initial fan token offering (FTO). These tokens are available on a first-come-first-serve basis, with the opening price and fully diluted market cap disclosed by Chiliz beforehand. The native CHZ token is used to purchase fan tokens and acts as the platform’s internal currency. Fans can then vote on the Socios platform with their fan tokens, a process made possible using smart contracts. The amount of influence fans have is determined by the clubs. The decisions can range from new jersey designs to deciding team matchups in exhibition games.

Chiliz seeks to revolutionize fan engagement in the sports and entertainment industry. By purchasing CHZ, fans can acquire fan tokens that allow them to participate in club-related decisions, enhancing their engagement with their favorite sports brands. This could include voting on new jersey designs or influencing team matchups in exhibition games. Chiliz also aims to provide sports clubs and associations with a new way to connect with their fans and unlock new revenue streams. Furthermore, Chiliz is continually creating new ways for fans to engage, such as the establishment of the Chiliz Blockchain Campus, a privately-owned crypto incubator focused on accelerating blockchain technology adoption across Asia and Europe.

Chiliz was founded by Alexandre Dreyfus, who has over 20 years of experience founding and growing web-based companies. Before founding Chiliz in 2017, Dreyfus developed Webcity, an interactive travel guide, and Winamax and Chilipoker, both online poker projects. His explicit goal with Chiliz is to establish fan tokens as the ultimate fan engagement tool and a powerful new revenue generator for the sports industry. This vision has led to the aggressive expansion of fan tokens, attracting numerous European football powerhouses and smaller clubs. The total supply of CHZ is 8.8 billion, minted at its launch in October 2018 and distributed to early contributors with no public sales beyond what was made available through exchanges.