Difference between revisions of "Chiliz (CHZ)"

From CryptoWiki

m (1 revision imported)
m
 
(One intermediate revision by the same user not shown)
Line 1: Line 1:
Chiliz is a fintech platform for the sports industry to allow global fans to get closer to their favorite sports teams and clubs. Also has its own blockchain.
==Basics==
==Basics==


*Based in: [https://www.chiliz.com/en/ Malta]
*Based in: [https://www.chiliz.com/en/ Malta]
*Started in / Announced on:
*Started in / Announced on: [https://medium.com/poloniex/what-is-chiliz-chz-94fd8ce06233 2018]
*[[Testnet]] release:
*[[Testnet]] release: [https://decrypt.co/96508/chiliz-plots-sports-entertainment-crypto-ecosystem-with-2-0-chain 3-2022]
*[[Mainnet]] release:
*[[Mainnet]] release: [[Genesis Block|genesis block]] of it's [[Layer One|Layer-1]] Chiliz [[Blockchain]] [https://medium.com/chiliz/new-look-chiliz-calls-on-sports-and-entertainment-brands-to-build-web3-enabled-solutions-on-its-new-28b20baebc10 happened] 8 February 2023
*Chiliz is a fintech platform for the sports industry to allow global fans to get closer to their favorite sports teams and clubs.
*[[Non Fungible Tokens (NFTs)|NFT]] fan tokens.
*[[Non Fungible Tokens (NFTs)|NFT]] fan tokens.


Line 38: Line 39:


===Utility===
===Utility===
* From their L1 blockchain [https://medium.com/chiliz/new-look-chiliz-calls-on-sports-and-entertainment-brands-to-build-web3-enabled-solutions-on-its-new-28b20baebc10 announcement] (8-2-2023):
''"Chiliz native token $CHZ will be the fuel for the entire Chiliz Blockchain ecosystem, including all the [[Decentralized Applications (DApps)|dApps]] that will be built on top of it. $CHZ token holders will also be able to receive rewards for staking (delegating) on the network."''
* From a [[Poloniex]] [https://medium.com/poloniex/what-is-chiliz-chz-94fd8ce06233 blog] (16-10-2022):
''"CHZ, the project’s native token, is an [[ERC20 tokens|ERC-20 token]] that users of Socios.com can exchange for their favorite fan tokens. In the future, it will be staked to secure the Chiliz network."''
===Other Details===
===Other Details===
===Stablecoin===
===Stablecoin===
Line 45: Line 54:
*[[Whitepaper]] can be found [https://www.chiliz.com/docs/CHZ_whitepaper.pdf here] (V2.3 13-11-2018).
*[[Whitepaper]] can be found [https://www.chiliz.com/docs/CHZ_whitepaper.pdf here] (V2.3 13-11-2018).
*Code can be viewed [insert here].
*Code can be viewed [insert here].
 
*Consensus mechanism: a [[fork]] of the [[BNB Chain]]
*Algorithm:
*[[Virtual Machine (VM)|Virtual Machine]]: [[EVM]] Compatible
*Development language used:
====Transaction Details====
*Capacity ([[TPS]]):
*[[Latency]]:
===Implementations===
===Implementations===


*Built on: [[Ethereum (ETH)|Ethereum]] and [[Binance|BSC]] plus their own [[Proof-of-Authority (PoA)|PoA]] Chiliz [[sidechain]].
*Used to be built on: [[Ethereum (ETH)|Ethereum]] and [[Binance|BSC]] plus their own [[Proof-of-Authority (PoA)|PoA]] Chiliz [[sidechain]].


===How it works===
===How it works===


* Its [[Layer One|L1]] blockchain is also be [[permissioned]] ([https://medium.com/chiliz/new-look-chiliz-calls-on-sports-and-entertainment-brands-to-build-web3-enabled-solutions-on-its-new-28b20baebc10 8-2-2023]), for more see the Staking section.:
''"all approved stakeholders can become [[node]] operators"''
* Is very clear and even supportive of their permissioned model "A POA chain is more secure". From their [https://medium.com/chiliz/chiliz-faq-376aafa0e18e FAQ] (6-3-2021):
* Is very clear and even supportive of their permissioned model "A POA chain is more secure". From their [https://medium.com/chiliz/chiliz-faq-376aafa0e18e FAQ] (6-3-2021):


Line 57: Line 75:


''There are a lot of similarities between Fan Tokens and any cryptocurrency token — both are tokens created in an Ethereum blockchain for example, in the main Ethereum network for the Chiliz token and in the Chiliz permissioned [[sidechain]] for Fan Tokens. You can view the block explorer for the Chiliz sidechain [https://slack-redir.net/link?url=http%3A%2F%2Fexplorer.chiliz.com%2F here]."''
''There are a lot of similarities between Fan Tokens and any cryptocurrency token — both are tokens created in an Ethereum blockchain for example, in the main Ethereum network for the Chiliz token and in the Chiliz permissioned [[sidechain]] for Fan Tokens. You can view the block explorer for the Chiliz sidechain [https://slack-redir.net/link?url=http%3A%2F%2Fexplorer.chiliz.com%2F here]."''
* From a [[Poloniex]] [https://medium.com/poloniex/what-is-chiliz-chz-94fd8ce06233 blog] (16-10-2022):
''"With Chiliz’s technology, teams can control the parameters of their respective fan tokens. This includes supply, look, price, and so on and so forth. As fan tokens often function as governance tokens, they come with utility beyond just stores-of-value. These perks are also defined by the team, and often include exclusive experiences, access to team related NFTs, or use with a team or a sports entity’s loyalty program. What is interesting is that some teams may also institute a burn mechanism, which may be triggered in relation to a team’s performance. For instance, after a win, tokens might be burnt to instigate a price increase."''


===Fees===
===Fees===
===Upgrades===
===Upgrades===
===Mining===
===Staking===
===Staking===
* Its [[Layer One|L1]] blockchain is also be [[permissioned]] ([https://medium.com/chiliz/new-look-chiliz-calls-on-sports-and-entertainment-brands-to-build-web3-enabled-solutions-on-its-new-28b20baebc10 8-2-2023]):
''"All approved stakeholders can become [[node]] operators. Through the blockchain governance, only approved third party developers will be allowed to deploy [[Smart Contract (SC)|Smart Contracts]] within the ecosystem initially, bringing a high level of security to partners and users. The Chiliz Blockchain will introduce a system of 11 active [[validators]] with PoSA (Proof of Stake Authority)''
====Validator Stats====
====Validator Stats====
===Liquidity Mining===
===Liquidity Mining===
Line 68: Line 94:
===Other Details===
===Other Details===
==Oracle Method==
==Oracle Method==
==Privacy Method==
==Compliance==
==Compliance==
==Their Other Projects==
==Their Other Projects==
Line 89: Line 114:
*Full team can be found [https://www.chiliz.com/en/our-team/ here].
*Full team can be found [https://www.chiliz.com/en/our-team/ here].
*HX Entertainment Ltd. ([https://www.chiliz.com/en/ 9-8-2021])
*HX Entertainment Ltd. ([https://www.chiliz.com/en/ 9-8-2021])
*Alexandre Dreyfus; CEO of Chiliz ([https://medium.com/chiliz/new-look-chiliz-calls-on-sports-and-entertainment-brands-to-build-web3-enabled-solutions-on-its-new-28b20baebc10 8-2-2023])
*''"Chiliz, has more than 300 employees across the globe"'' (8-2-2023)


===Funding===
===Funding===

Latest revision as of 03:45, 14 February 2023

Chiliz is a fintech platform for the sports industry to allow global fans to get closer to their favorite sports teams and clubs. Also has its own blockchain.

Basics

History

Audits & Exploits

Bugs/Exploits

Governance

Admin Keys

DAO

Treasury

Token

Launch

  • From their FAQ (6-3-2021):

"Chiliz raised all funds through private placement in 2018, meaning that there was not, & never will, be a public sale."

Token Allocation

  • Has a maximum supply of 8,888,888,888 tokens. From their website (9-8-2021):
  1. Private Placement 3,066,666,666
  2. Chiliz issued to Team + Seed Investors 1,111,111,110
  3. Chiliz issued to Advisory Board 266,666,666
  4. Userbase Reserve 1,777,777,780
  5. Marketing Operations 1,333,333,333
  6. Strategic Acquisitions 1,333,333,333

Utility

"Chiliz native token $CHZ will be the fuel for the entire Chiliz Blockchain ecosystem, including all the dApps that will be built on top of it. $CHZ token holders will also be able to receive rewards for staking (delegating) on the network."

"CHZ, the project’s native token, is an ERC-20 token that users of Socios.com can exchange for their favorite fan tokens. In the future, it will be staked to secure the Chiliz network."

Other Details

Stablecoin

Coin Distribution

Technology

Transaction Details

Implementations

How it works

"all approved stakeholders can become node operators"

  • Is very clear and even supportive of their permissioned model "A POA chain is more secure". From their FAQ (6-3-2021):

"Ethereum supports the Proof-of-Authority consensus mechanism. Proof-of-Authority (POA) can be used for permissioned chain set ups. POA does not depend on nodes solving arbitrarily difficult mathematical problems, but instead uses a set of ‘authorities’ — nodes that are explicitly allowed to create new blocks and secure the blockchain. The chain had to be signed off by the majority of authorities, in which case it becomes a part of the permanent record.

There are a lot of similarities between Fan Tokens and any cryptocurrency token — both are tokens created in an Ethereum blockchain for example, in the main Ethereum network for the Chiliz token and in the Chiliz permissioned sidechain for Fan Tokens. You can view the block explorer for the Chiliz sidechain here."

"With Chiliz’s technology, teams can control the parameters of their respective fan tokens. This includes supply, look, price, and so on and so forth. As fan tokens often function as governance tokens, they come with utility beyond just stores-of-value. These perks are also defined by the team, and often include exclusive experiences, access to team related NFTs, or use with a team or a sports entity’s loyalty program. What is interesting is that some teams may also institute a burn mechanism, which may be triggered in relation to a team’s performance. For instance, after a win, tokens might be burnt to instigate a price increase."

Fees

Upgrades

Staking

"All approved stakeholders can become node operators. Through the blockchain governance, only approved third party developers will be allowed to deploy Smart Contracts within the ecosystem initially, bringing a high level of security to partners and users. The Chiliz Blockchain will introduce a system of 11 active validators with PoSA (Proof of Stake Authority)

Validator Stats

Liquidity Mining

Scaling

Interoperability

Other Details

Oracle Method

Compliance

Their Other Projects

Roadmap

  • Can be found [Insert link here].

Usage

Projects that use or built on it

Competition

Pros and Cons

Pros

Cons

  • Centralized. And is being dishonest about the trade off with their PoA system, which is basically centralized, claiming it is more secure (6-3-2021).

Team, Funding and Partners

Team

  • Full team can be found here.
  • HX Entertainment Ltd. (9-8-2021)
  • Alexandre Dreyfus; CEO of Chiliz (8-2-2023)
  • "Chiliz, has more than 300 employees across the globe" (8-2-2023)

Funding

  • From their FAQ (6-3-2021):

"Chiliz raised just over $66 million through private placement in 2018. Binance is also a strategic investor in Chiliz."

Partners

(:

Knowledge empowers all and will help us get closer to the decentralized world we all want to live in!

Making these free wiki pages is fun but takes a lot of effort and time.

If you have enjoyed reading, tips are appreciated :) This will help us to keep expanding this archive of information.

ETH tip address: 0x83460bE5F218b1520B69D702cE60A1DE37dD8E31