What Is Chiliz (CHZ)? The Sports Blockchain for Fan Tokens

Chiliz (CHZ) is the coin of Chiliz Chain, the sports blockchain where the fan tokens sold on Socios are created. CHZ pays the fees for using the chain, and holders stake it with the validators who run the network. Chiliz Chain produced its first block in February 2023.

On one full day in early November, 13 validators produced every block on Chiliz Chain. Together they held about 2.33 billion staked CHZ, and the largest of them held about 13% of that stake. The chain's settings cap the set at that size, so anyone can stake CHZ but only the biggest stakes get to write blocks.

What Is Chiliz Chain?

Chiliz Chain is a layer 1 blockchain, a network with its own validators and its own record of every transaction. Socios bills it as The Sports Blockchain. Its nodes run a client built on Geth, an Ethereum client written in Go, so the chain executes smart contracts written for Ethereum.

That makes it familiar to anyone who has used an Ethereum wallet. You add the network by its chain ID, 88888, and the same kind of address works on both.

Blocks arrive about every three seconds, and in the 24 hours to the early-November close the chain added 28,800 of them.

CHZ is to Chiliz Chain what ETH is to Ethereum. It's the native coin, and the chain creates new CHZ with every block it adds.

What Is Chiliz Coin Used For?

CHZ does three jobs, and the first is paying for transactions. In early November a plain CHZ transfer paid about 0.05 CHZ in base fee, the fixed part of each fee, before any tip. That base fee held flat through a full day of blocks.

Staking is the second job. Holders delegate CHZ to a validator and share in the rewards that validator earns, minus a commission the validator keeps. Rewards come in CHZ, and the chain's staking contract records every validator's stake and commission in public, so you can check a validator before you delegate to it.

The third is fan tokens. Socios, an app that sells tokens for more than 60 sports teams, says Chiliz Chain is where its Fan Tokens are created. Every move of one of those tokens on the chain pays its network fee in CHZ, whoever covers it.

A fan token is a club-licensed token that gives its holder a voice in club polls and points toward rewards. Holders redeem those points for tickets and merchandise inside the app.

CHZ also has a place under MiCA, the EU's rulebook for crypto assets. Socios says CHZ's MiCA white paper is on the official register of ESMA, the EU's markets regulator. Socios's European arm, Socios Europe Services Limited in Malta, holds a MiCA authorisation from the Malta Financial Services Authority.

Who Runs Chiliz Chain?

Who writes the next block is the question at the heart of consensus in blockchain, and Chiliz Chain answers it with stake.

Thirteen validators hold the job, a number the chain's own settings fix. At the early-November close those 13 were the largest stakes among the 32 validators ever registered on the chain's staking contract, and the contract had removed none of the 32. The chain counts stakes in epochs of 28,800 blocks, about a day.

Block production followed the money. Each validator's share of that day's blocks came within half a percentage point of its share of the stake, so the largest validator wrote about one block in eight. Three validators together held more than a third of the set's stake and wrote more than a third of that day's blocks, while seven held and wrote more than two thirds.

For a CHZ holder, the main thing to weigh is that block production on Chiliz Chain rests with a short list of validators ranked by stake.

The staking contract records five jailings, a penalty that benches a validator from making blocks. All five came between September 2024 and April 2025, each ended in a release within nine days, and none followed up to the early-November close.

A validator needs at least 10 million CHZ of stake, and the smallest of the 13 held about 89 million. Delegating to a validator takes as little as 0.01 CHZ, and the 13 charged commissions of between 1% and 10% on their delegators' rewards. Coins you undelegate take two epochs, about two days, to come back.

How Many Chiliz Coins Exist?

Chiliz's public supply feed put the total at about 10.6 billion CHZ in early November. The coin started with 8,888,888,888, and that's still the total supply the ERC-20 version of CHZ on Ethereum reports. Since then about 1.86 billion new CHZ have been added and about 142 million burned. About 22% of all that CHZ was staked with validators.

New coins arrive with every block. The same feed showed each block adding about 55 CHZ, roughly 1.6 million a day at that pace. That's inflation in crypto in its simplest form, a steady drip of new coins.

The feed doesn't break its burned total down, and over the chain's life it has counted about one coin burned for every 13 added. For each new block it adds a burn equal to the gas the block used times the base fee. Across one full day in early November that came to about 7,600 CHZ, against roughly 1.6 million issued.

So the 8.89 billion that the Ethereum version still reports is where CHZ began, and the total has grown well past it.

How to Buy CHZ Safely

Phemex has delisted its CHZ pairs. A notice dated 3 August 2026 delisted the CHZUSDT perpetual, and a second notice dated 3 September 2026 delisted the CHZ/USDT spot pair. CHZ deposits and withdrawals on Phemex closed with the spot pair, and an older CHZ/USD perpetual is delisted too. If you still had CHZ there after that cutoff, the spot notice sends withdrawal requests to Phemex's support team.

If you buy CHZ elsewhere, these five steps keep the coins where you expect them.

1. Choose the CHZ you need before you buy anything. Native CHZ lives on Chiliz Chain and is the version that pays fees and can be staked. The ERC-20 version on Ethereum is a separate token at contract 0x3506424f91fd33084466f402d5d97f05f8e3b4af.

2. Match the network on both ends before you send coins. Both chains use the same 0x address format, so a platform that credits only one of them can strand coins sent on the other.

3. Add Chiliz Chain to your wallet with chain ID 88888. Keep a small amount of native CHZ in that wallet to pay its fees.

4. Send a small test amount first and confirm it arrives. Move the rest only once the test shows up at the address you expect.

5. Keep your recovery phrase offline and never type it into a website. Anyone who holds that phrase can empty the wallet.

On Phemex, CHZ has no live perpetual, and the futures market offers leverage trading on other coins. Futures use leverage, and a leveraged position is closed automatically if losses push its margin below a set minimum.

Traders call that forced close liquidation in crypto trading, and it's the first risk to understand before you open a position.

Frequently Asked Questions

Is the Chiliz crypto chain still running?

Yes. In early November the chain still produced a block every three seconds, with 13 validators sharing the work. Its supply feed and staking records update in public with each block.

Is Chiliz a meme coin?

No. CHZ is the native coin of a working blockchain. It pays the network's fees and backs its validators through staking, and the Socios fan tokens are built on the same chain.

Does Chiliz coin have a future?

Only if the chain gets used. New CHZ arrives with every block, so the coin needs steady fee traffic and stakers to absorb it. Our Chiliz (CHZ) price prediction covers the price side separately.

Bottom Line

CHZ is best understood as the fee coin of a chain run by a short, stake-ranked list. Every fan-token move and transfer pays in CHZ. The blocks themselves come from 13 validators, and each one's share of them tracks the stake behind it. For a holder, delegating is a lever on that list, because the stake behind each validator sets the ranking that picks the producers.

Disclaimer: This article is for informational purposes only and is not financial advice. Cryptocurrency trading involves substantial risk. Always do your own research before making investment decisions.