Chiliz offers blockchain-based technologies to assist sports and entertainment organizations in interacting with and earning money from their audiences. Additionally, Socios.com, a fan interaction site based on the Chiliz blockchain, only accepts the Chiliz token (CHZ) as payment. Fans can then acquire team-specific tokens on Socios.com using Chiliz tokens as payment, utilize those tokens to vote on various fan-led decisions, and earn rewards. CHZ is an Ethereum network-compliant ERC-20 governance token. To engage in the Chiliz and Socios ecosystems, one needs CHZ tokens. On Socios.com, "fan tokens" that are associated with a professional sports team can be purchased using CHZ. When choosing a new team to join, Socios users have the option to stake CHZ.
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