Chiliz (CHZ) is a token that serves as the currency of Socios.com - a blockchain based platform where users can buy the tokens of their favorite sports (or e-sports) teams. These tokens offer voting rights to their supporters that would in turn influence decisions made by their respective teams (e.g. uniform designs, lineups, stadium names, and the like).
This serves as one way for teams to engage their fans and supporters, and to monetize their audiences.
To learn more about Chiliz and the CHZ token, you can click this link.
Coins.ph supports CHZ transfers through the Ethereum network / ERC-20 Network only. Sending funds through unsupported networks (such as BEP2 and TRX) will result in a permanent loss.