Chiliz
| Denominations | |
|---|---|
| Code | $CHZ |
| Development | |
| Original author(s) | Alexandre Dreyfus |
Developer(s) | Mediarex |
| Ledger | |
| Ledger start | October 1, 2018 |
| Block explorer | explorer |
| Website | |
| Website | www |
Chiliz is a blockchain platform developed by Maltese-based sports company Mediarex.[1] The Chiliz blockchain powers the Socios.com platform, which offers fan tokens to sports fans, enabling them to participate in polls hosted by the clubs, or receive rewards and promotions.[2] The native token Chiliz is used to buy the fan tokens.[3] Alexandre Dreyfus is the CEO of Chiliz[4] and Beatrice Collet is the managing director.[5]
History
Chiliz was launched in 2018 by Maltese-based sports company Mediarex led by CEO Alexandre Dreyfus.[3] Members of the firm's advisory panel include Dr. Christian Mueller, InFront Sports’ vice president, strategy and business development, and Sam Li, Sina Sports’ head of strategic partnerships; with Perform Group's chief strategy officer of Perform Group, John Gleasure, also a shareholder of Mediarex. Other members of the advisory board are Fnatic's CEO Wouter Sleijffers and Team Vitality's CEO Nicolas Maurer.[6]
In June 2018, Chiliz raised $65 million in a round led by Binance with other reputed names in the industry like OK Blockchain Capital, FBG Capital, Ceyuan Ventures, and Bancor also investing.[6] In March 2021, the company announced it will invest $50 million in an expansion to the United States.[7]
Fan Tokens
Background
Fan tokens are digital coins created on the Chiliz blockchain that sports organisations provide to their fans through the app
Research
Research into the dynamics of fan tokens on the Chiliz blockchain, particularly around the 2022 World Cup, shows a pre-event surge in value and a subsequent decline, aligning with the "buy the rumor, sell the news" phenomenon.[12] A related study on Chiliz fan token polls indicates they effectively engage around 50% of token holders.[13] Another analysis contrasts fan tokens and Chiliz investments, indicating that while fan tokens may lead to losses, Chiliz offers a more reliable investment option. [14]
References
- ^ Bassam, Tom (2018-06-19). "Mediarex launches blockchain club voting platform for soccer". SportsPro. Retrieved 2023-02-13.
- ^ "Jump Trading backs fan tokens startup Chiliz". Reuters. 2021-04-07. Retrieved 2023-02-13.
- ^ a b "A look at Chiliz: The blockchain behind PSG, Barca, Juventus and numerous other fan tokens". cnbctv18.com. 2022-08-09. Retrieved 2023-02-13.
- ^ "We explain who is behind Barcelona's third economic lever". MARCA. 2022-08-01. Retrieved 2023-02-18.
- ^ "chiliZ Blockchain Campus appoints MD". Times of Malta. 12 October 2018. Retrieved 2023-02-13.
- ^ a b "chiliZ raises $65 million from Binance, other organisations - Esports Insider". Esportsinsider. 2018-06-08. Retrieved 2023-02-13.
- ^ Evans, Simon (2021-03-02). "Soccer-Blockchain sports firm Chiliz to invest $50 million in U.S expansion". Reuters. Retrieved 2023-02-13.
- ^ "Fan tokens changing the face of Football". The Guardian Nigeria News - Nigeria and World News. 2022-05-12. Retrieved 2023-02-13.
- ^ "What are fan tokens?". MARCA. 2022-02-21. Retrieved 2023-02-13.
- ^ "Fan Tokens to become second largest source of revenue for sports industry". MARCA. 2022-02-01. Retrieved 2023-02-13.
- ^ "Football fans spending millions on club crypto-tokens". BBC News. 2021-12-10. Retrieved 2023-02-13.
- ISSN 0275-5319.
- ISSN 1422-8890– via Springer Link.
- ISSN 0144-3585.
