![]() Fan tokens provide a mechanism for sports clubs and groups to connect with their fans while also generating new revenue streams. For example, multiple Fan tokens by allow users to influence their teams through voting and earn engagement-based team awards and recognition. The platform () allows users to participate in the management of their favorite sports brands. As a result, fans stop being passive spectators and become active members of the club. ![]() However, the club determines the level of influence fans have, and the decisions made by fans may range from deciding new jersey designs to deciding team matchups in exhibition games and more. Hence, Chiliz's main motive is to provide many sports and esports fans with a currency that they can use to buy direct voting power in their favorite football clubs. is the world's first fan influence and rewards platform that utilizes blockchain technology to help sports organizations accomplish digital transformation. Precisely, the CHZ is an Ethereum-based utility token that serves as the official cryptocurrency of the platform.Īccording to the website, Chiliz created the sports fan engagement platform, based on Chiliz's blockchain infrastructure that employs $CHZ as its only on-platform currency. ![]() The cryptocurrency is used for blockchain-backed products and services targeted toward mainstream consumers. Chiliz, also trading under the ticker CHZ, aims to be the world's leading fintech provider for sports and entertainment. ![]()
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