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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's main product is the Socios.com app, which allows users to buy, trade, and execute voting rights for sports teams. [clarification needed] The app also allows users to potentially earn cryptocurrency rewards.
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]
Chisiza was born on 8 August 1930 in Florence Bay (now Chiweta or Chitimba) in the Karonga District of Nyasaland (now Malawi). [1] He was the youngest and eleventh child of Kaluli Chisiza, a village headman and farmer.