First published 2 November 2020. The mint was two years old. Expanded in October 2026 so a fan token is not described as CHZ, and so 8.89 billion is not described as a ceiling. Chiliz is a company product aimed at sports fans. Alexandre Dreyfus is the person most associated with it. The company, HX Entertainment, is Maltese. CHZ is the token. A fan token is a different asset, usually named for a club. Spending CHZ inside the Socios app to get one does not make you a shareholder of the club. A poll in that app is not a vote that binds the club’s board. The app can change the poll.
The mint was 8,888,888,888, created at the end of October 2018 on Ethereum. There was no public sale. A private round that concluded on 8 June 2018 had raised about 65 million dollars at 0.032 dollars, for about 35 percent of the mint. The rest sat with the company for marketing, a user reserve, and investors. CHZ does not pay Ethereum’s fee. ETH does. Ethereum without the jargon is that ledger.
The chain is newer than the token
Chiliz Chain, a public network forked from BNB Smart Chain’s software, opened on 10 May 2023. Fees there are paid in CHZ. The design uses a small set of validators, and holders can delegate to them. Staking is a lock and a queue, not a savings account. This page will not walk through it. What is BNB? is a different network. A 0x address on Chiliz Chain is not an Ethereum address.
The company did not control every Ethereum CHZ, so the move did not take the whole mint. CHZ still sitting on Ethereum is not the native coin. In 2024 a change called Dragon8 started minting new CHZ on a declining schedule. The 2018 figure is the original mint, not a ceiling. A price times 8.89 billion misses what has been minted since. The wrong network is still the wrong city. Nothing here is an instruction to buy a fan token, to delegate, or to buy CHZ.
