Question 1

How does Chiliz Chain work?

Accepted Answer

Chiliz Chain uses a Layer-1 blockchain with Proof of Staked Authority consensus and EVM compatibility. It enables sport and entertainment dApps connecting fans to teams via Fan Tokens. Fan Tokens empower engagement, votes, and exclusive experiences for users and brands.

Question 2

Is Chiliz Chain a secure platform?

Accepted Answer

Chiliz Chain guarantees security through its PoSA consensus with validator-based block production and slashing mechanisms. Its validator network includes top firms like Animoca Brands and OKX, audited continuously for safety. The platform has robust protections ensuring no loss of user funds through successful mitigation.

Question 3

How to use Chiliz Chain?

Accepted Answer

First, create a wallet or access Socios.com to manage Fan Tokens. Then acquire Fan Tokens from supported sports teams or dApps built on Chiliz Chain. Finally, engage with voting, rewards, or exclusive content via the Fan Token ecosystem.

Question 4

What services does Chiliz Chain offer?

Accepted Answer

Chiliz Chain offers sports-focused blockchain infrastructure and official Fan Tokens for engagement and rewards. Users can participate in governance, voting, and exclusive content tied to their favorite teams. Developers can build interoperable dApps leveraging an existing fanbase and sports IPs.