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
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Key facts
- Ticker
- CHZ
- Official site
- 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 |
| Base | 0x70c8392DE9b39a1E48d12A70Af6FF4Be25D6D0A2 |
| Robinhood Chain | 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
- Docs: docs.chiliz.com
- Source code: 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
- CoinPaprika — Chiliz
- Chiliz docs — Chiliz Chain in a nutshell
- Chiliz docs — About Chiliz Chain
- Chiliz docs — Differences from Ethereum
- Chiliz docs — Tokenomics
- Chiliz docs — Security Audits
- Chiliz docs — Governance
- Chiliz docs — Token Contract Addresses
- Chiliz — home page
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