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The Chiliz blockchain powers the Socios.com platform, which offers "fan tokens" to users, enabling them to participate in polls hosted by the clubs, or receive rewards and promotions. [2] The native token Chiliz is used to buy the fan tokens. [3] Alexandre Dreyfus is the CEO of Chiliz [4] and Beatrice Collet is the managing director. [5]
Socios.com was founded in 2018 by Alexandre Dreyfus. The company's goal was to create a blockchain-based platform that would allow sports and entertainment organizations to monetize their fan bases. The company raised $66 million in a private token sale in 2019. [citation needed]
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By only making the token available to accredited investors (those with a net worth over $1 million), the project will likely be able to qualify for a key SEC exemption that allows companies to ...
In June 2018, Binance and three other firms raised $65 million for sports blockchain company Chiliz. [23] In July 2018, Binance acquired Trust Wallet, a decentralized cryptocurrency wallet for an undisclosed sum. However, Binance, confirmed that the compensation is a mixture of cash, Binance stock, and a portion of its BNB token. [24]
Coal scrip is "tokens or paper with a monetary value issued to workers as an advance on wages by the coal company or its designated representative". [9] As such, coal scrip could only be used at the specific locality or coal town of the company named.
In January 2015, the cryptocurrency exchange Bitfinex enabled trading of Tether on their platform. In 2018, Phil Potter, the chief strategy officer for Bitfinex, left the company after the Paradise Papers leaks in November 2017 named Bitfinex officials Philip Potter and Giancarlo Devasini as responsible for setting up Tether Holdings Limited in the British Virgin Islands in 2014.
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