Chiliz is a Layer 1 blockchain specialized for the specialized needs of the sports and entertainment sectors. It connects fans with global sports teams (such as FC Barcelona, PSG, and Manchester City) through Fan Tokens. The network is EVM-compatible, allowing developers to build decentralized applications (dApps) and games that integrate these Fan Tokens. The chain operates on a Proof-of-Stake Authority (PoSA) consensus model, balancing scalability with a secure validator set.

The Chiliz Chain has undergone a complete economic and technical restructuring to ensure long-term sustainability:

Tokenomics 2.0 (Dragon8 Fork): Implemented in 2024, this upgrade fundamentally changed the CHZ economic model. It introduced a decreasing annual inflation rate (starting at 8.8% and stabilizing over time) to incentivize validators and community stakers. Additionally, it activated EIP-1559, meaning a portion of every transaction fee is permanently burned.

Snake8 Hard Fork (October 2025): The network executed the Snake8 upgrade, which introduced technical optimizations for on-chain data storage and transaction processing. This update was designed to support complex "SportsFi" applications and high-frequency fantasy sports games running directly on the blockchain.

Socios.com Integration: The ecosystem continues to act as the backend for Socios.com, where CHZ is used to purchase Fan Tokens. These tokens allow users to vote on official team polls (e.g., kit designs, stadium music) and access "Fan Rewards."

The CHZ token serves multiple functions within the SportsFi economy:

Network Gas: CHZ is used to pay for all smart contract interactions and transfers on the Chiliz Chain.

Medium of Exchange: It is the base currency required to mint or trade Fan Tokens and NFTs within the ecosystem.

Staking & Delegation: CHZ holders can delegate their tokens to validators. In return, they may receive staking rewards. Staking involves a lock-up period, and rewards depend on the performance and uptime of the chosen validator.

Consensus: Proof-of-Stake Authority (PoSA)

Token Standard: CAP-20 (Chiliz Chain), ERC-20 (Ethereum)

Economic Model: Inflationary Issuance + Fee Burning (Tokenomics 2.0)

Key Product: Fan Tokens (Socios.com)