Chiliz ($CHZ) is an ERC20 utility token on the Ethereum blockchain that acts as the digital currency for the chiliZ and Socios.com platform. The launch of this platform, along with other sports blockchain initiatives, introduced a new token category known as the Fan Token. On the Socios.com platform, club partners that have not yet been announced conduct what is termed a Fan Token Offering (FTO). To obtain these Fan Tokens, supporters are required to buy $CHZ through a cryptocurrency exchange. These tokens are tied to a specific team or club and represent a limited digital asset that grants entry to an encrypted ledger containing voting and membership rights ownership.
About Professional Fighters LeagueProfessional Fighters League Fan Tokens (PFL) are cryptographic assets that signify your entitlement to vote in polls released by the Professional Fighters League within the Socios.com application. By participating in polls and engaging more frequently, you can accumulate reward points. These points may be exchanged for unique once-in-a-lifetime experiences, exclusive merchandise, games, leaderboards, and additional items.