Chiliz (CHZ)
Basics
- Based in: Malta
- Started in / Announced on:
- Testnet release:
- Mainnet release:
- Chiliz is a fintech platform for the sports industry to allow global fans to get closer to their favorite sports teams and clubs.
- NFT fan tokens.
History
Audits & Exploits
- Bug bounty program can be found [insert here].
- "Certik Certified" according to their website (9-8-2021).
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):
- Private Placement 3,066,666,666
- Chiliz issued to Team + Seed Investors 1,111,111,110
- Chiliz issued to Advisory Board 266,666,666
- Userbase Reserve 1,777,777,780
- Marketing Operations 1,333,333,333
- Strategic Acquisitions 1,333,333,333
Utility
Other Details
Stablecoin
Coin Distribution
Technology
- Whitepaper can be found here (V2.3 13-11-2018).
- Code can be viewed [insert here].
Implementations
How it works
- 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."
Fees
Upgrades
Mining
Staking
Validator Stats
Liquidity Mining
Scaling
Interoperability
Other Details
Oracle Method
Privacy 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
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
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