[Crypto projects](https://revain.org/projects/) › Chiliz

# Chiliz (CHZ): how it works, supply and reviews

## In short

- **Type**: Layer-1 blockchain forked from BNB Smart Chain, compatible with the Ethereum Virtual Machine
- **Initial distribution**: Supply roadmap starts from 8,888,888,888 CHZ
- **Risks and caveats**: Proof of Staked Authority trades decentralization for speed: blocks come from a small elected validator set.
- **Checked**: 28 October 2026

## Key facts

- **Ticker**: CHZ
- **Official site**: [chiliz.com](https://www.chiliz.com/)

Key facts checked on 28 October 2026 against official sources.

## What is Chiliz

Chiliz Chain is an EVM-compatible blockchain built for sports and entertainment, where clubs issue Fan Tokens that let supporters vote and access rewards. CHZ is the chain's native token, used for gas, cross-chain transfers and staking.

## Network and consensus

| Parameter | Details |
|---|---|
| Type | Layer-1 blockchain forked from BNB Smart Chain, compatible with the Ethereum Virtual Machine |
| Consensus | Proof of Staked Authority (Parlia engine, inherited from BNB Smart Chain) with a limited set of elected validators |
| Block time | About 3 seconds |
| Launched | Chiliz Chain 2.0 released in May 2023 |
| Smart contracts | Yes; Solidity contracts deploy without modification |

## Supply and issuance

| Parameter | Details |
|---|---|
| Initial distribution | Supply roadmap starts from 8,888,888,888 CHZ |
| Inflation | Tokenomics 2.0: 8.80% annual inflation in year one, decaying to a 1.88% floor after about 14 years |
| Maximum supply | No hard cap: supply keeps growing at the 1.88% inflation floor, offset by fee burns |
| Fee burn | EIP-1559: most gas fees are burned at protocol level |

## What CHZ is used for

- Paying gas to deploy and call smart contracts
- Cross-chain transfers between Chiliz Chain and Ethereum
- Staking or delegating to secure the network

## Who develops and governs Chiliz

- **Company**: The Chiliz Group, which also runs the Socios.com Fan Token platform
- **Governance**: On-chain governance based on Compound Alpha; validators vote with their delegated stake and a two-thirds quorum
- **Open source**: Chain code is published in the chiliz-chain GitHub organisation

## History

| Date | Event |
|---|---|
| 2019 | Chiliz launches Fan Tokens for sports teams. |
| May 2023 | Chiliz Chain 2.0 released; CHZ becomes the gas and governance token of its own chain. |
| 2024 | Dragon8 hard fork introduces Tokenomics 2.0 with decaying inflation and fee burning. |
| August 2025 | Pepper8 hard fork refines the tokenomics and supply roadmap. |

## Security and audits

- Governance contracts and the Fan Token contract were audited by CertiK; the Chiliz Bridge and tokenomics were audited by Halborn.

## Official CHZ contracts

| Network | Contract address |
|---|---|
| Solana | [6eftxVbSAunVEoxUWdGhPdxg5UdsJ8Wkwy5w5YFuxouw](https://solscan.io/token/6eftxVbSAunVEoxUWdGhPdxg5UdsJ8Wkwy5w5YFuxouw) |
| Base | [0x70c8392DE9b39a1E48d12A70Af6FF4Be25D6D0A2](https://basescan.org/token/0x70c8392DE9b39a1E48d12A70Af6FF4Be25D6D0A2) |
| Robinhood Chain | [0xdAdcc903a92d2C1a97b2A5465faa12C1EBb9c7ef](https://robinhoodchain.blockscout.com/token/0xdAdcc903a92d2C1a97b2A5465faa12C1EBb9c7ef) |

CHZ is native on Chiliz Chain; the official docs list bridged CHZ on Solana, Base and Robinhood Chain.

## Risks and caveats

- Proof of Staked Authority trades decentralization for speed: blocks come from a small elected validator set.
- CHZ supply is inflationary, with no fixed cap; burns of gas fees offset part of it.
- Unstaking takes up to 3 days before CHZ can be claimed.

## Official links

- Website: [www.chiliz.com](https://www.chiliz.com/)
- Docs: [docs.chiliz.com](https://docs.chiliz.com/)
- Source code: [github.com/chiliz-chain](https://github.com/chiliz-chain)

## Questions and answers

**What is Chiliz (CHZ)?**

CHZ is the native token of Chiliz Chain, an EVM-compatible blockchain for sports and entertainment where clubs issue Fan Tokens.

**How does Chiliz Chain reach consensus?**

It uses Proof of Staked Authority, inherited from BNB Smart Chain: a limited set of elected validators produce blocks about every 3 seconds.

**What is the maximum supply of CHZ?**

There is no fixed cap. Starting from 8,888,888,888 CHZ, inflation decays from 8.80% to a 1.88% floor, while most gas fees are burned.

**Who is behind Chiliz?**

The Chiliz Group, which also operates the Socios.com Fan Token platform.

## Sources

- [CoinGecko — Chiliz](https://www.coingecko.com/en/coins/chiliz)
- [CoinPaprika — Chiliz](https://coinpaprika.com/coin/chz-chiliz/)
- [Chiliz docs — Chiliz Chain in a nutshell](https://docs.chiliz.com/quick-start/chiliz-chain-in-a-nutshell)
- [Chiliz docs — About Chiliz Chain](https://docs.chiliz.com/learn/about-chiliz-chain)
- [Chiliz docs — Differences from Ethereum](https://docs.chiliz.com/learn/about-chiliz-chain/differences-from-ethereum)
- [Chiliz docs — Tokenomics](https://docs.chiliz.com/learn/about-chiliz-chain/tokenomics)
- [Chiliz docs — Security Audits](https://docs.chiliz.com/learn/about-chiliz-chain/security-audits)
- [Chiliz docs — Governance](https://docs.chiliz.com/learn/glossary/governance)
- [Chiliz docs — Token Contract Addresses](https://docs.chiliz.com/quick-start/token-contract-addresses)
- [Chiliz — home page](https://www.chiliz.com/)

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Page updated: 2026-10-31

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Source: https://revain.org/projects/chiliz/