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Coin: CHILIZ ($CHZ)
Chiliz is a decentralised platform leveraging blockchain technology for sports and entertainment.
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Investors:
Jump Capital, Kosmos Capital
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Disclaimer: Platypus Terminal does not provide any investment advice, nor is anything mentioned an offer to sell, or a solicitation of an offer to buy any security or other instrument. Under no circumstances should investments be based solely on the information provided. We do not guarantee the security or completeness of our information, and are not held liable.
Chiliz was founded in 2018 by Alexandre Dreyfus with the vision to create a deeper connection between fanatic sports fans and their favorite clubs. Chiliz has tokenized the world of sports and entertainment using ERC-20 Fan tokens. Each Club on Chiliz has their own fan token which can be purchased with Chiliz native currency $CHZ. These fan tokens can be purchased on the Chiliz exchange where $CHZ can be swapped with other cryptocurrencies such as BTC and USDT. These fan tokens provide fans with voting rights on club decisions which are determined by the club themselves.
This might include the color of the team bus, the name of their stadium or even the weekly team sheet. These also allow clubs to essentially monetise their fan base. Italian Club AC Milan sold $6 million tokens in their first 30 minutes. Chiliz already partnered with leading clubs including Juventus, Barcelona, Chicago Bulls, AC Milan and more. Coverage of Bittorent is brought to you by Platypus Terminal.
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