- Chiliz and Socios.com have already signed important partnerships with prominent football and esports teams to kick-start the platform.
- The project has a great team and has received the backing from some notable venture funds and Binance.
Transparency Disclaimer
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Market Data
Price BTC
0.000011
Price USD
0.22274
ATH BTC
0.000016
ATH USD
0.891213
Down % ATH BTC
-31.07
Down % ATH USD
-75.01
Market Cap BTC
51,857
Market Cap USD
1,065,238,978
Volume 24h BTC
8,055.703
Volume 24h USD
165,478,084
Circulating Supply
4,782,431,150
Total Supply
8,888,888,888
Launch Date
2018-01-01
Website
Social Analytics Powered by 
Altrank™
458
/ 3,954
24 hour change
Lower ranks are better
Avg. Social Sentiment 24h
52% Bullish
5.1%
55% prev. 24h
Social Dominance 24h
0.903%
557.7%
0.137% prev. 24h
Social Engagement 24h
21,460,176
33.6%
16,065,243 prev. 24h
Social Volume 24h
21033
557.7%
3198 prev. 24h
Social Contributors 24h
931
695.7%
117 prev. 24h
News Volume 24h
16 Articles
700.0%
2 prev. 24h
Project Highlights
- Chiliz was created to enable easier interaction between fans and sports or esports teams.
- Chiliz is the cryptocurrency underpinning the self-developed platform Socios.com.
- On Socios.com, fans can engage with their favorite team by acquiring fan tokens that give them voting rights.
- Socios.com only accepts Chiliz as a transition currency for the procurement or sale of fan tokens.
- Socios.com and Chiliz have scored meaningful partnerships with popular football clubs that will be using the platform for fan engagement.
- In February 2020, fully integrated with Socios.com, $CHZ is going to be utilized by Chiliz.net exchange to become an exchange/transactional token for the sports & entertainment industry: Fan Engagement, Rewards, Gamification, Trading.
S.W.O.T Analysis
Strength
Weaknesses
- At the moment, there are no defining weaknesses for the product Chiliz aims to deliver.
Opportunities
- There is no notable direct competition in the cryptocurrency space for Chiliz and Socios.com.
- Chiliz benefits from a strong first-mover advantage effect. Any other competitor would need to go a long way to emulate what the platform managed to achieve in terms of partnerships. This initial success can help amplify the network effects of the platform going forward.
Threats
- The demand on the side of the fans may be lackluster, especially if the voting features implemented on the Socios.com platform may be perceived by users as irrelevant.
- While the usage of blockchain technology improves transparency in the case of Chiliz, the project is still centrally managed, and the token is an additional layer that may prove to be unnecessary. On the other hand, having a token is essential to building an ecosystem.
Technical Analysis
Technical Analysis by Kong Trading - 02/07/2020
CHZ is coming from a pretty long lasted and lastly exhausted downtrend, which has caused a bounce at a previous basic level. With this bounce, CHZ has created an HTF higher low, which is in itself a bullish sign. Yet, it is approaching an essential area that needs to be broken and re-confirmed to continue this new uptrend.
To read the full Technical Analysis from Kong Trading click here.
What is Chiliz
Chiliz, powering the platform Socios.com, is an ecosystem for improving engagement between fans and their favorite sports or esports team. The fans get to be closer to their favorite club and get involved in a limited capacity to influence certain aspects of team management. The sports organizations, on the other hand, can improve their communications and relations with the fans, which should lead to increased fan commitment and loyalty.
In what Chiliz calls radical fan engagement, the aim is to provide a platform that enables an exchange between fans and their favorite team with a voting system that is designed to be difficult to compromise. The fans get voting rights to guide some of their favorite teams’ management and strategy decisions with the help of blockchain technology. With Chiliz powering the Socios.com platform, fans can fund, support, and promote any sports or esports organizations. In turn, teams, leagues, or event organizers from any corner of the world can monetize fan demand.
Chiliz and Socios.com have potentially created a crowd management platform for teams, leagues, events, and games across multiple sports.
Technology
To ensure vote integrity, the Chiliz tokens and the whole ecosystem have been built with the help of the Ethereum blockchain. The voting system on the self-developed Socios.com platform operates on a permissioned sidechain. The sidechain is managed by the team behind Chiliz and guarantee that all the information related to voting on Socios.com remains auditable and permanent.
The permissioned sidechain hosts every team, league, game title that integrates into the platform, together with each organization’s voting mechanisms. The Socios.com permissioned sidechain is where fan tokens are acquired, sold, and allocated to fans through fan token offerings.
On the permissioned sidechain, the consensus algorithm used is Proof of Authority (PoA), avoiding Proof-of-Work to eliminate high transaction costs. Every block on the sidechain stores polling and decision results.
Any event on the Socios.com platform that includes a transaction of the Chiliz ERC20 token, which may be in the form of accruement of fan tokens converted from Chiliz tokens or account balance exchanges as part of the platform’s other service features – will be stored on the main Ethereum blockchain.
At the architecture level, the Socios.com platform combines its core components across the public Ethereum blockchain and the permissioned blockchain. The platform acts as a bridge between the two chains.
The Chiliz blockchain brings a solution that integrates the fan experience into the team management process. Fan’s voting decisions directly affect real-world sports and esports teams, as well as any other partnered organizations. The sports organizations will still drive the polls and decisions, but with Socios.com, fans get to have some input.
Target Audience
On one side, Chiliz is attractive to global sports and esports fan base. Considering the massive following in the order of billions of people traditional sports like football or cricket have, the target audience is large and broad. The esports scene is also on the rise, with an estimated fandom of around 300 million.
On the other side of the fence, the platform Socios.com needs to target and maintain partnerships with established clubs, teams, and organizations to be able to attract new users and get them interested in their product.
With the help of high-profile partnerships, Socios.com is in a great position to leverage the audience of the respective clubs. For example, one of the partnering clubs – Juventus – has an estimated fan base of 350 million all around the globe, with 60 million being active on social channels.
Naturally, Socios.com will cater to the fan base of every club or team they end up collaborating with.
Product
Socios Platform
The Socios.com platform is the main product within the Chiliz ecosystem. The platform was built to give fans the ability to become more involved with their favorite sports and esports teams.
On the other side, Socios.com is a turnkey solution for sports and esports organizations to monetize their fan base via the custom fan token offering, giving fans access to team-branded fan tokens that come with voting rights and access to particular club rewards and engagement opportunities.
Aside from the enhanced fan engagement, the platform can also become a source of revenue for sports organizations. While established teams may not be looking for funding, smaller teams could potentially benefit from a crowd-sourced funding option.
On the platform, fans can purchase their favorite team’s tokens, get voting rights, and become eligible for membership rewards. At the same time, on Socios.com, users can trade different teams’ fan tokens, enabling a whole new marketplace on the platform. The initial price of a club fan token is pre-determined by the issuing team but afterward may fluctuate depending on demand.
Decisions, where fans will have an influencing power, are for engagement purposes, so as not to interfere with a successful operation of the organization. Thus, fans will be able to share their opinion on team-wide decisions like choosing the 3rd jersey design, line-ups in friendly matches, or features for fan offerings. In the case of esports teams, fans can influence decisions on match-ups for exhibition games or practice matches. According to Socios.com, teams that have been built from the start on Socios.com may even provide the option for fans to choose which players are drafted into the team.
Socios.com also aims to introduce league-wide decisions for fans to interact with. This will depend on the league format and how much design space there may be in their respective sports or esports category.
Fan Tokens
The club decides the initial price of the fan tokens, but it seems like these are priced to be easily affordable. For instance, West Ham have set the opening price of their Fan Tokens at £1 per Token, while Juventus or Paris Saint-Germain set their fan token price at €2. The fan token will always be exchanged from fiat to Chiliz at the time of purchase.
Most clubs will also make it possible for season ticket-holders and members to redeem a fan token for free. Another distribution channel for fan tokens will be via Socios.com’s in-app geo-location, an augmented reality-enabled feature called Token Hunt.
One fan token represents one vote for as long as the user holds the token – it doesn’t get spent every time they vote, and there is no annual cost like a membership fee or a season ticket. According to Socios.com, fan tokens are fungible, and they can be exchanged for other services or features, such as VIP experiences, exclusive merchandise, or tickets.
Use case
The Chiliz token is an ERC-20 token issued on the Ethereum blockchain and is regarded as a utility token. Chiliz is the base token against which users can procure fan tokens issued by their favorite club. While CHZ was issued on the Ethereum blockchain, it also has a token representation on the Binance Chain in the BEP-2 token format.
Fan tokens are also regarded as utility tokens that are branded with the name of the partnering sports team or organization. The fan tokens are designed for direct utility within the Socios.com platform. Fan tokens provide holders voting rights to participate in the decision-making processes, feedback polls and surveys related to the sports teams or organizations.
In February 2020, fully integrated with Socios.com, $CHZ is going to be utilized by Chiliz.net exchange to become an exchange/transactional token for the sports & entertainment industry: Fan Engagement, Rewards, Gamification, Trading.
Is there a MVP?
The Socios.com app is live and is in itself free. The platform has already onboarded several high-profile football clubs including Paris Saint-Germain, AS Roma, Juventus, Atletico Madrid, West Ham United, Galatasaray, as well as esports organization OG.
The Socios.com app has already 100k users after less than 3 months.
Competition
Chiliz doesn’t have any notable competition in the cryptocurrency space that tackles fan engagement and sports teams’ fandom monetization with the help of blockchain technology.
Team Members
Alexandre Dreyfus
CEO
22 years of experience as a serial entrepreneur in the digital space building & maturing tech businesses. Pioneered webbased interactive tourism guides in the late 1990’s with Webcity, co-founder of Winamax (the largest French online poker room) & Chilipoker. Successful business exits include buyout of Webcity via Carrefour – later merging with a competitor service & sold to Yelp & sale of technology platform underpinning Chilipoker to Bally Technologies (now Scientific Games). Founded Mediarex Entertainment & acquired the Global Poker Index & The Hendon Mob in 2013.
Max Rabinovitch
CSO
10 years of experience in creative direction & strategic consulting in the digital space. Helped bring enterprise clients USPCC (Bicycle Brand) & Morton Salt into the mobile arena as CD at ComboApp; directed content & platform strategy for start-up clients at New Coast Ventures. Produced commercial concepts from pitch to production for clients including Famous Footwear, McDonald’s (NA), Nestle & Sony (PlayStation) as a freelance consultant with MadHat Creative & partners. Headed league/ gameplay organization for the 1st season of the GPL.
Thibaut Pelletier
CTO
13 years of experience in app & platform development for gaming & digital media. Developed state-of-the-art iGaming platform regulated in France (sports, betting & poker) to manage real-money gambling operators online, featuring hundreds of games & dozens of B2C payment solutions for 240k+ global users as CTO of Chiligaming. Used this platform to power major gambling operators in the US (Mohegan, Stratosphere), in regulated US markets (NJ) & on Carnival Cruise ships while at Bally Technologies. Lead B2C platform dev. solutions for a leading regulated Lottery & Casino Operator in Denmark as Director of App Development at Scientific Games.
You can find the full list of team members, advisors & investors here.
Roadmap & Events
Socios.com is a consumer-facing application, and Chiliz is the currency underpinning it. The project doesn’t have a typical technical roadmap and is likely more focused on building network effects by onboarding as many sports organizations as possible and expand its user base.
By the end of 2020, Socios.com plans to on-board over 50 teams from football and other verticals, including esports and other traditional sports such as cricket. At the center of the long-term vision of Socios.com and Chiliz is the development of an open, gamified fan token economy.
Q1 2020
- Rolling out partners across additional sports verticals
- On-boarding cricket organizations in India & basketball/ baseball organizations in North America & Asia
- Launch of our internal P2P marketplace; introduction of additional TBA experiential/ game features
- Launch of SDK & in-app integration directly for native partner apps
Q2-Q3 2020
- Focus on strengthening Socios.com 1’s blockchain platform via strategic partnerships and optimizing Fan Token economy models from aggregate user behavioral data (possibly initiating burning mechanisms, adjusting FTO sales velocity parameters and so on)
Past Events
Upcoming Events
Token Sales & Economics
Project Start / ICO Details
- Total Supply: 8,888,888,888 CHZ
- ERC-20 and BEP-2
- ICO price: $0.0215
- ICO date: March-June 2018
Premine / Vesting / Lockup / Block Rewards Allocation
Of the total supply of 8,888,888,888 tokens, 34.5% were made available for purchase during the pre-sale and the open token sale. The hard-cap of $66 million had been reached following the ICO conclusion.
The team and seed investors received 1,111,111,110 or 12.5% for their contribution (Team is 5%). The advisors received a total of 266,666,666 which represents 3% of the total supply. The remaining tokens will be or have been partially utilized for the operation and activity of the platform, which is separated into marketing operations, strategic acquisitions and a userbase reserve.
Private Placement Tokens: Some bonus allocations have 4-6 months lockup period but the rest has none.
Team Tokens: 36 months vesting
Advisor Tokens: 18 months vesting
Source: https://www.chiliz.com/en/token-details/ (We suggest you visit this link to learn more about the details)
Token Burn
On the 24th of January, Chiliz revealed their Token Economics 2.0.
The new Token Economics looks as follows.
- 20% of the Net Trading Fees of Chiliz.net Exchange collected in $CHZ will be burnt*
- 10% of the Net Proceed of the Fan Token Offering (FTOs) from Chiliz.net platform collected in $CHZ will be burnt* + 3 months lock on collected $CHZ.
- 20% of the Net Proceed of NFT & Collectibles issued by $CHZ will be burnt*
*burnt. As the $CHZ Smart Contract does not allow direct burning of ERC20 tokens, the "burnt" tokens will be sent to a blackhole address.
The Token Release Schedule can be found here.
The funds allocated to the team as well as the funds for the operation of the platform seem to be stored on the same wallet address:
Partnerships
Paris Saint-Germain
Paris Saint-Germain football club commonly referred to as Paris Saint-Germain, Paris SG, or simply Paris or PSG, is a French professional football club based in Paris. Founded in 1970, the club has traditionally worn red and blue kits. The club has risen to prominence in the past years thanks to high-profile player acquisitions.
Juventus
Juventus Football Club, colloquially known as Juve, is an Italian professional association football club based in Turin, Piedmont.
A.S. Roma
Associazione Sportiva Roma, commonly referred to as Roma, is an Italian professional football club based in Rome. Founded by a merger in 1927, Roma have participated in the top-tier of Italian football for all of their existence except for 1951–52.
Atletico Madrid
Club Atlético de Madrid, commonly referred to as Atlético de Madrid or simply as Atlético, is a Spanish professional football club based in Madrid, that play in La Liga.
West Ham United
West Ham United Football Club is an English professional football club based in Stratford, East London. They compete in the Premier League, the top tier of English football.
Galatasaray
Galatasaray Spor Kulübü, is a Turkish professional football club based on the European side of the city of Istanbul in Turkey.
OG Esports
OG is a professional esports organization based in Europe. Formed in 2015, they are best known for their Dota 2 roster winning The International 2018 and 2019 tournaments. In addition to Dota 2, they also have teams representing other games, such as Super Smash Bros. and Counter-Strike: Global Offensive.
Club Atlético Independiente
Club Atlético Independiente is an Argentine professional sports club, which has its headquarters and stadium in the city of Avellaneda in Greater Buenos Aires. The club is best known for its football team, which plays in the Primera División and is considered one of Argentina's Big Five football clubs.Investors
Blockchain consultation and technology support arm of OKex, one of the world’s leading cryptocurrency exchanges. OK Blockchain Capital focuses on helping promising initiatives in their space raise need capital while providing operational & marketing guidance as well as access to their exchange platform.
A top-tier venture capital firm focused on exploring emerging technologies. Ceyuan Ventures was an early investor in OKex & continues to actively work to help finance and propel established blockchain projects forward. The company was founded by Bo Feng.
Binance is an international cryptocurrency exchange platform and the largest of its kind by trading volume in the world. Acting as more than an exchange enabler, Binance actively works to promote regulated cryptocurrency exchange and adoption across global markets and supports emerging projects.
Community Data and other Key Information
GitHub
Chiliz is not an open-source project and as such does not have any public code repositories.
Smart Contract Audit
Certic Certificate of Authenticity
Social Presence
Last Update 1/25/2020
Chiliz’s social presence is relatively strong with over 7.3 K members in the English Telegram community channel and 16.6 K followers on Twitter. Chiliz also has a social presence in the Chinese online medium on WeChat and Weibo.
On top of the Chiliz we should also consider Socios.com's social presence. Socios has 39.6K Twitter followers with high interaction rates. Unlike most of the projects we reviewed so far, they also have big Instagram (37K followers) & Facebook (125K followers) presence.
Their community members are passionate about the project and its success just like they are passionate about their sports teams.
Considering their unique position in the market, Socios.com has been often cited in the news when announcing its partnerships with high-profile football clubs all over Europe.
For all company-related/milestone updates, following the CEO Alexandre Dreyfus on Twitter is a must. He is the voice of the company and overall great narrator of events and accomplishments.
Resources and Important to Read Articles
- https://www.chiliz.com/docs/CHZ_whitepaper.pdf
- https://www.chiliz.com/docs/CHZ_summary.pdf
- https://www.chiliz.com/docs/CHZ_binance_proposal.pdf
- https://www.socios.com/a-detailed-look-into-socios-com/
- https://www.socios.com/voting-how-does-it-work/
- https://www.chiliz.com/docs/CHZ_binance_proposal.pdf
- https://medium.com/@wolfcrypto/chiliz-ama-with-wolf-crypto-part-two-d11868f1d5ca
- https://medium.com/chiliz/chiliz-faq-376aafa0e18e
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