Chiliz – the blockchain fintech platform that allows fans to participate and be a part of their favorite sports organizations. Chiliz isn’t just creating an ecosystem of fun and easy to use games; we are creating something bigger than ourselves. We want to give the power back to you, the fans, so that you can make your own decisions about how your favorite teams should be run and what kind of incentives are best suited for them based on YOUR needs and demands, not those of an external business that has its own set of shareholders who might not always have the same needs as you do.
The Changing Sport Landscape
Long gone are the days when a team’s success was measured in how many championships they could win on their way to victory. More so, it’s not just how you play but how you interact with your community that matters most nowadays. In fact, if we look at modern sport franchises, we see teams playing much more than ever before—and today it’s common for top-tier teams to play upwards of 80 games per year! To make all those games possible—not to mention creating jerseys for different colors for each match—sports clubs rely heavily on sponsorships and licensing agreements with brands... And that’s where Chiliz comes in! This is a new kind of sports ecosystem built around giving fans access to their favorite teams and allowing them to take part in what makes them tick. But what does that mean? Well, for starters, it means fans can buy tokens from their club (in any amount) which gives them voting rights over decisions made by club executives (everything from hiring coaches or signing players). It also means fans can use tokens as payment for merchandise or tickets—or even as prizes awarded during live events like contests or raffles. Now there’s no doubt about it: Chiliz is definitely one of a kind!
What is Chiliz?
Chiliz is a new kind of decentralized global ecosystem that aims to link key stakeholders involved in professional sport through its blockchain powered platform, allowing fans to participate and be a part of their favorite teams, leagues or even entire sports industry. The team behind Chiliz has drawn on its extensive experience in online betting as well as online gaming and more recently ICO development, managing projects like Football Coin (FutCoin) or Premier Manager Super League (PMSL). What started out as an ICO-as-a-Service provider, quickly grew into something greater when they realized they were onto something bigger: building an ecosystem where everyone can create, own & trade value with ease on its free market blockchain exchange by tokenizing everything connected with pro football. With Chiliz’s Fan Token Offering (FTO), you’ll get access to exclusive services such as VIP tickets, merchandise discounts, meet & greets with players and much more. You will also have voting rights for league decisions. Best of all? By being a fan you will also earn money! That’s right—you heard it right! By participating in our FTO you will earn real money while supporting your favorite team or league! What could be better than that? How does it work? We think we should let them explain it themselves...
The Team Behind Chiliz
Chiliz has an exceptionally strong team behind it, featuring top-level experts with experience in investment banking, crypto asset management, and business development with both national and international companies. The team also includes several personalities in professional sports as well as startups around Africa who know what it takes to put together high-quality cryptocurrency projects (Swiss Crypto Tokens). This is a significant step for Chiliz as one of our goals is to utilize experienced individuals who are knowledgeable in Blockchain technology, cryptocurrencies and digital assets. This kind of information will help accelerate our partnerships strategy around Africa where we will onboard more participants from various cities worldwide over time through various channels such as social media marketing, advertisement on major TV channels, print media advertising etc...
The Protocol of Tokenization
When someone purchases an asset from our company, they are buying it from us, and we’re purchasing it from them. There’s a finite number of these things that can ever exist—meaning more than one person can never own one thing as long as Chiliz is around! Each thing has its own unique ID number that ensures there will never be any duplication or confusion. We then store information about each thing in our decentralized database; such as who owns it (using their verified account), where it is located geographically, how much it’s worth in USD at any given time, etc. This makes our system both reliable and fair for everyone involved! It also gives users complete control over what happens to their assets when they die. If you want your kids to inherit your assets when you pass away, simply set up a will with us and we’ll make sure everything gets transferred accordingly once you pass on. Or if you don’t have kids but want certain people to get certain assets after you die, no problem! You can do that too! The possibilities are endless with Chiliz because YOU decide what happens with YOUR stuff after YOU die.
How it Works
Chiliz enables fan communities, who are passionate about their favourite sport, to take control and become a real member in their club or association. Fan will get access to exclusive experiences like meeting players and coaches, VIP tickets, live games experience or even voting rights on strategic decisions that they can help make with other fan members! In addition Chiliz will also give them access on an exclusive tokenized version of their favourite sport’s currency which they can exchange with other fan members. In other words, Chiliz creates a new ecosystem between clubs/sports associations, fans and upcoming talents; an economy in which all parties are connected together through our amazing cryptocurrency called chilizon!
Existing Platforms
Traditional investment platforms have been dominated by big banks and other institutions for a long time, which means smaller companies struggle to raise funding through traditional methods. That’s where Chiliz comes in; it’s a new kind of crowdfunding platform that allows fans to get involved with their favorite teams, players, or leagues – as both investors and activators who help bring those stars into reality. As an activator you can vote on your team’s roster decisions, help develop strategy for games or matches, share pictures from events via social media (and make money if they’re popular), attend meetings with key figures from your organization, watch games from behind-the-scenes VIP seats...you get the idea.
Is it legal?
In simple terms, blockchains are not governed by governments or banks so all transactions made on a blockchain platform are legal, even if they involve other forms of currency like dollars or Euros. For example, if you buy something with Ethereum tokens (another form of cryptocurrency) no laws will prevent you from doing so. That said, there is an argument for why we should consider blockchains illegal; specifically that it’s against human rights to prohibit any person from engaging in peaceful exchanges. But, like most things regarding human rights law, these issues are open for debate as there is no universally accepted resolution thus far.
What are the next steps?
When a group, community or fan base follows an athlete, team or other organization, they become loyal to what is known as their asset. The Fan Token Offering (FTO) system has been developed so that communities can support their asset through purchase of tokens that represent equity in future transactions with that asset. In other words, when investors buy Chiliz tokens they can later redeem them for discounts, premium access and special VIP experiences at events organized by Chiliz and its partners; players will also receive tokens from sponsorship agreements, prize money and performance bonuses in order to make purchases on-site or via mobile devices around venues.
Conclusion
Chiliz is one of those projects that looks great on paper, but where only time will tell if it can deliver. It is not entirely clear what barriers stand in its way, but even so we have high hopes for a startup like Chiliz which has so much potential for mass adoption. We really love what they are trying to achieve and believe it is something our readers should take notice of, if for no other reason than because it highlights just how serious some people are about developing an inclusive future. While these projects continue popping up every day now, we feel there’s still plenty more room at table as far as bringing such tech to fruition goes, especially when you consider all industries it could potentially impact on top of Sports! What do you think?