Chiliz

With the help of the cryptocurrency Chiliz, sports fans can interact in novel ways with their preferred teams.

Chiliz uses blockchain technology to provide for a new level of direct interaction between fans and their preferred sports teams, drawing inspiration from the socios of Spanish soccer teams, whereby a yearly subscription grants fans access to early tickets and club voting privileges.

The CHZ token, the native cryptocurrency of the Chiliz experience, may be used by fans to buy the Fan Tokens of their preferred teams. Through socios.com, the crowd management system that powers the Chiliz experience, fans may purchase Fan Tokens for CHZ.

Each team that works with Chiliz can personalize the experiences that owners of their Fan Tokens get in the real world. Holders of Fan Tokens may also have a say in decisions made by the team, such as those regarding starting lineups, celebration songs, new uniform designs, and stadium naming.

Fans could only interact with their preferred clubs in the past by attending games or buying goods. Chiliz and its related Fan Tokens allow sports fans a unique voice in the operations of their preferred teams as well as a direct impact on those teams' decision-making.

While giving their most devoted fans distinctive experiences, Chiliz enables sports teams to monetise their fan bases in novel ways.