0
0
Chiliz Chain is an EVM-compatible Layer-1 focused on sports and entertainment (āSportFiā). It uses Proof-of-Staked-Authority (PoSA) with a limited validator set, the native gas token is CHZ, and the network underpins Socios.com Fan Tokens and third-party apps. In 2023, Fan Tokens migrated from the legacy chain to this newer stack.Ā
Chiliz Chain is a smart-contract blockchain optimized for fan engagement and sports-centric use cases. Itās EVM-compatibleāso developers can bring familiar Ethereum toolingāand is architected as a fork of BNB Smart Chain (itself based on go-Ethereum). In practice, that means Solidity contracts, standard wallets, and infra can be reused with minimal changes.Ā
For readers looking for the canonical overview of the ecosystem and products, start here: Chiliz.
SportFi describes financial and engagement applications built around clubs, leagues and IP (ticketing-adjacent perks, gated experiences, gamified voting, NFT/collectible rails, and rewards). Socios.com positions Fan Tokens as the primary gateway for this, giving holders access to polls, VIP experiences and promotions, and increasingly to staking-style mechanics.
Fan Tokens are utility assets issued by clubs that unlock voting, rewards and experiences inside Socios.com and partner apps. In mid-2023 these tokens were bridged from the legacy infrastructure onto the current Chiliz Chain to consolidate liquidity and developer tooling.
Chiliz Chain employs PoSA (Proof-of-Staked-Authority). A limited set of validators (documented as an 11-validator design in the public repo) produce blocks; candidates with the highest stake become active validators. Double-sign detection and slashing protect liveness and finality. The result: fast confirmations and low fees suitable for consumer apps.
Staking & delegation. Holders can stake CHZ directly or delegate to a validator to support chain security and earn rewards. You keep ownership of your tokens when delegating; youāre essentially entrusting a validator to operate and, in governance matters, vote on your behalf. Some third-party operators document a 7-day unbonding period and daily reward cadence. Always review validator terms before delegating.
Native gas & utility. On Chiliz Chain, CHZ is the native coin, used to pay gas fees and interact with smart contractsāsimilar to ETH on Ethereum. Thatās different from the early ERC-20/BEP-2 days when CHZ primarily lived as a token on other networks. Today, CHZ sits at the center of the stack and can be staked/delegated for security and governance participation.
Tokenomics 2.0 (governance-led). In 2024 the project outlined an updated tokenomics model introducing a formula-based inflation to sustainably fund validators and ecosystem growth, with decisions run through governance proposals (āDragon 8ā). Non-validators can participate by delegating stake to validators whose views align with theirs.
Because Chiliz Chain is EVM-compatible and PoSA-based, gas fees and confirmation times are designed to be consumer-friendly (low fees, fast blocks). Exact costs will vary with network conditions and contract complexity. Developers and holders should benchmark fees in a test environment before scaling campaigns.Ā
General-purpose L1s dominate DeFi and NFTs, but vertical chains like Chiliz target distribution + UX for specific industries. If youāre building for clubs, leagues or fan communities, moving closer to the engagement funnel (voting, rewards, ticketing-adjacent experiences) can cut onboarding friction and unlock sponsor value. On the flip side, success depends on sustained club partnerships, validator diversity, and predictable token economics.Ā
Is CHZ still an ERC-20?
CHZ began life as an ERC-20/BEP-2 token, but on Chiliz Chain it functions as the native gas coin. When interacting with dApps on Chiliz youāll spend native CHZ, not an ERC-20 proxy.Ā
How many validators secure the chain?
Public materials describe an 11-validator PoSA design where the most-bonded candidates produce blocks; check the latest docs before making decisions, as validator sets can evolve.
Can I stake without running a node?
Yes. You can delegate CHZ to a validator and earn rewards without operating infrastructure. You keep ownership of your tokens; delegation simply assigns voting/power to that validator.Ā
What happened to the ālegacyā chain?
From JuneāSeptember 2023, Fan Tokens migrated to the current Chiliz Chain; the legacy network was slated for deprecation after that period.
Are fees low compared to Ethereum?
PoSA with a small validator set aims for short blocks and lower fees than typical L1s. Exact costs vary by contract and network load.Ā
Do Fan Tokens have investment guarantees?
No. Fan Tokens are utility tokens tied to experiences and engagement. Their value can go up or down, and local rules may apply.
If youāre exploring SportFi integrations or a validator strategy, benchmark your flows on test funds first, then scale with formal delegation and monitoring dashboards.
Ā
0
0
Manage all your crypto, NFT and DeFi from one placeSecurely connect the portfolio youāre using to start.
0
0
