Chiliz was launched to give something back to loyal sports fans. Socios.com platform lets fans interact with their favourite teams while allowing them to take part in crucial team decisions. CHZ token is an ERC-20 on Ethereum and a Bep-2 token on Binance Smart Chain. This token has the most utility in the Chiliz ecosystem.

Is Chiliz a Good Investment?

Many analysts like Raul Paul call social tokens the next big frontier in crypto. The investor interest in such a project is quite low at the moment due to the ongoing NFT and DeFi craze. However, the social tokens might lead the next bull cycle in a couple of years from now. Therefore, if crypto plunges into another bear market, this could become a great opportunity to accumulate Chiliz. Proper risk management is necessary while also determining the downside in such a case.