Chiliz is a project to issue official fan tokens in partnership with various sports clubs, including F1 and eSports, as well as professional soccer clubs.

By purchasing fan tokens using the corresponding crypto asset CHZ, fans can participate in events organized by the sports club.  Additionally, fans can get involved in the management of the club by participating in governance voting. 

Chiliz facilitates interaction between fans and clubs and aims to build new forms of relationships based on trust.

Notes on CHZ price fluctuations

Some of the fan tokens that can be issued and acquired within are currently tradable on crypto exchanges outside of, so it is possible that they may be treated as crypto assets rather than fan tokens in the future. If these fan tokens become recognized as crypto assets, the change could affect the price of CHZ.