# Chiliz By [mastercrypto](https://paragraph.com/@masterbrum.robots.farm) ยท 2023-01-28 --- Chiliz (CHZ) is a cryptocurrency that is used to power the Socios.com platform, which is a fan engagement and rewards platform for sports and entertainment organizations. The platform allows fans to purchase and hold Fan Tokens, which represent a form of membership or engagement with their favorite teams, clubs, and organizations. These tokens can be used to vote in polls and surveys, access exclusive merchandise and experiences, and participate in other fan engagement activities. The Chiliz token is used as the primary currency on the Socios.com platform, and is used to purchase and trade Fan Tokens. The platform has partnerships with major sports organizations such as FC Barcelona, Juventus, Paris Saint-Germain, and others, and has plans to expand to additional sports and entertainment partners in the future. One of the key advantages of the Chiliz platform is its ability to provide a new revenue stream for sports and entertainment organizations, through the sale of Fan Tokens and other fan engagement activities. Additionally, it allows fans to have a more active and engaged role in their favorite teams and organizations, and to participate in exclusive experiences and merchandise. The Chiliz token is built on the Ethereum blockchain, and it is an ERC-20 token. It is traded on various cryptocurrency exchanges, and its value is determined by market demand. Chiliz is a blockchain-based platform which is designed to offer a secure, transparent and reliable infrastructure for sports and entertainment organizations to create and manage their own digital assets. It aims to provide a new revenue stream for sports and entertainment organizations, through the sale of Fan Tokens and other fan engagement activities. It's important to note that investing in Chiliz or any other cryptocurrency is a highly speculative and high-risk investment. The value of the token is based solely on market sentiment and speculation, and it can be highly volatile. Additionally, the future of the Chiliz platform and its partnerships with sports and entertainment organizations is uncertain, and it is possible that it could be subject to regulatory action by government authorities. As with any investment, it is important to conduct thorough research and understand the risks before investing in Chiliz or any other cryptocurrency. --- *Originally published on [mastercrypto](https://paragraph.com/@masterbrum.robots.farm/chiliz)*