What is the currency on the chain that chz coin is?

The native token on the Chiliz chain is CHZ coin. The token is used for governance, paying transaction fees, staking to earn rewards, and access exclusive content and offers from partners.

# What chain is the CHZ coin?

CHZ coin is a native token based on the Chiliz chain.

Chiliz Chain Introduction

Chiliz Chain is a sidechain built on the Ethereum blockchain, specifically designed for applications in the sports and entertainment industry. It provides a range of services including:

• Tokenization: allows sports clubs and organizations to issue their own fan tokens.
• Voting: Fans can hold tokens to participate in team management and decision-making.
• Rewards and Rewards: Token holders can receive exclusive rewards and offers.
• Social interaction: Fans can interact and connect in the Chiliz on-chain community.

Functions of CHZ Coin

CHZ coin is a key component of the Chiliz chain and has the following functions:

• Governance: CHZ coin holders can participate in the governance of the Chiliz chain and vote on important proposals.
• Transaction Fees: CHZ coins are used to pay transaction fees on the Chiliz chain.
• Staking: CHZ coins can be staked to earn rewards and support the security and development of the network.
• Access to exclusive content and offers: CHZ Token holders have access to exclusive content and offers provided by partner sports clubs and organizations.

Relationship with other blockchains

Although the Chiliz chain is based on the Ethereum blockchain, CHZ coins are not Ethereum’s ERC-20 tokens. It is a native token used exclusively in the Chiliz ecosystem. However, CHZ coins can be traded on many cryptocurrency exchanges that support the Chiliz chain.

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