Chiliz 🛠 Re-invent Fandom on the Sports Blockchain

[Music] hi my name is Alex I'm the CEO of Chiles not from Chile um and we I'm just going to give a bit of introduction about who we are what we do and why we need you guys to love what we do because you're going to love it too um long story short we started five and a half years ago uh a company called Chile's with a token called CSG and a consumer facing product called social.com and five years ago forget about crypto for us it was all about the sports industry was about the fact that 99% of sports fan are not in the stadium not in the city and sometimes not even in the country of the team they are supporting and five years ago we created the concept of fan tokens fan tokens are not nfts they are fbl they are I hate that word cryptocurrencies if you want in that way but but they are crypto assets that are fible some of them actually are listed on binance and hobby and okx and upbeat and everywhere in the world and five years ago we started to work with two team Paris s Germain and Juventus not sure there is a lot of football fan here but except one at least yeah yeah okay there is one football fan in the room two football fans three football fans it's there four okay so that's 50% of the room um but the the idea was we created these tokens in order to help teams to engage and monetize their fund base globally and we've been very lucky I'm going to fast forward five years later now we work with more than 100 sports team we work with Paris Barcelona Inter Milan AC Milan Juventus Manchester City Arsenal Tottenham spur um uh any University the Chile in Chile uh we work with the biggest Brazilian team Flamingo Palmas um etc etc turkey here which is our biggest Market from a user perspective we have I think 500 or 600,000 users here in Turkey um we work with galatas Sarai trabzon Sport and all the biggest team and at the beginning when we started we had a so-called private chain it was an ethereum Fork uh where we minted erc20 tokens for the fun tokens but that chain was private it was not at all decentralized forget it it's not the point it was only available one to socios.com which is and I will talk a little bit about that which is our mobile app that has 2.2 million users um that is the yeah the consumer facing app for the fanss and then it was the the chain was available there was a wh listing VPN is uh stuff for the for exchanges so binance and 25 other more or less exchanges uh were connected to the chain so for the first five years 100% of the work of these tokens were done by us which is cool we we manag to on board all of these big teams we work with UFC Formula One Formula 1 teams we have the token of um Aston Martin alfha Romeo we have few other few other we have 80 other brands but we also realize that first we cannot do everything ourself and that sending all these funds and these users just in our platform is actually limiting the interest of the token themselves um I'll take the example of this gentlemen because not that we are friends forever uh we um with a fan of a team that we work with but he doesn't know that that token exist and it's the fault of the team it's the fault is our fault as well and we we think that what will make a big difference in the next three to five years is and we call the strategy fun token everywhere is how can we help and incentivize and have developers projects startups whatever developing and bring and building new features for these tokens and for more other things we we we are launching uh you want to show a video or I have a feeling you want to click on something okay no no but so that's cool I never seen that uh so going back let's let's let's let's go back a little bit about um what we've built in the last few years because it's important the original idea of why we created this concept of fun token and I'm going to give you a fun fact uh the original name of a fan token is a voice token actually the fan contract the smart contract I think it's still written Vote or voice yeah um and we created The Voice token because we wanted to give a voice to the fans you own a token you can vote on decision of the club and I'm going to give you some example of that we've done um but then when we started to pitch in 2018 I'm talking like q1 2018 when we started to pitch about this voice token people thought oh you're launching a new Skype you're launching a new Telecom platform or Telecom token so we we we um we moved into the concept and the name of fun tokens think as think fun tokens being a loyalty program that is tokenized it's literally that it's Paris s Germain there is 20 million token they are pre-mined they are pre- minted they are right now I don't know six million let's say uh in the market um and when you own a token in your mobile phone in this for now very centralized app and centralized wet call social.com you can vote on decision of the club I repeat if you own a fan token of the team that you like you can vote on decision of the club so all the things that you've seen in the rooms there and we've all read about all over the world Dao kind of things it's this but in real life we we we are not saying it's a Dao it's not it's not decentralized fully but it's a real utility where you as a fan anywhere in the world and I'll give this ex I'm going to take one example that I like Juventus so the Italian football team they were the first one to launch actually the token so November 2019 so it's that old watch actually four years today um we launched the Juventus token and fans were able to vote actually not fans fan token holders were able to vote to decide what mus music in the stadium do you want to have when we score a goal maybe it sounds gimmicky for some of you but when you go in the stadium and the there is a goal the music that is played till now was never chosen by the fans from now on at Juventus and many other clubs we were working with this has been chosen by the fans and on chain and the fun fact is that so the the vote started in November 2019 the result of the vote on Shane uh was uh showed to the public in the stadium the 4th or 6th of January 2020 and at that time Ronaldo Cristiano Ronaldo was playing for Juventus we need to thank him four years later because that day he scored three goals it ended up being 4-0 so four times that day in the stadium they played the new music that was actually chosen by the fanen ERS on the blockchain and here we are four years later if you go in the stadium right now you will hear the music that was chosen four years before and as another fun fact if you play FIFA or Pro Evolution Soccer which both probably don't even name FIFA anymore or Pro Evolution socker that's how old I am um you can hear the music that music that was chosen because the when they try to fit uh when they try to be as realistic as the team they actually buy the right to new music so the music that is chosen by the fan is actually already in the video games as well so a fan token fun erc20 solidity blah blah blah I'm not a tech guy here so don't blame me uh but it's purely a utility token where you own it you can vote the more you own the more power you have in the vote but there is there is of course a limit because we don't want a billionaire buying all the tokens and say hey I'm the only one to vote um and when we started that in 2019 since we've had hundreds probably thousand but let's say hundreds of vote like for example here in Turkey there is a team I believe trabon sport trabon sport in galatas SAR who ask their fan what number do you want to have on the Jersey of the new player we signed I mean that's some City but it's super powerful we had 19,000 registration that day when we announced it and that kind of thing so we're doing that all the time we as a company soos and the ch's labs which is the let's say sister company that's our job now we moved into okay we've done that for five years but that's not enough we need more utility we cannot develop everything ourselves we need more uh flexibility we need more creativity and so we open the chain the chain became a perm permissionless chain uh actually a few weeks ago uh it's a BC Fork uh so it's just an evm we we just like super standard I like to say and that's what I will say tonight in the ceremony is we are not we are not the fastest fastest chain we are not the best chain we don't compete to change the world we don't want to change the Etc that's not our journey our journey is focusing on sports and entertainment music TV and stuff but let's say sports today and creating an ecosystem where actually a fan of Barcelona is also a bit of a fan of PSG because there was neyar is also a fan a bit of UFC because of whatever reason and also a fan of um of Formula 1 because of another reason so we know that statistically sports fan are not anymore fans of one sports and one team they are f of multiple Sports and multiple steams we spent the last five years signing all of these IP Brands all of these communities we were the only company building tools for that now we we we grew that space and we opened the chain to allow you guys to try to hack or to develop or to grow other ideas that we have other ideas that you have but for the first time ever you have a chance to work with big powerful massive Brands where we're going to try to bring users to whatever you're going to develop we're going to bring to bring the biggest IP or brands in the world to whatever you guys are going to develop um and that's yeah that's more or less what we were pushing let me think uh if there is something else you want me to talk about there or ah if I knew what yeah uh so we we do two things or at least for now that's how we say we see it we have the as I said the fan tokens which are these fible tokens they are not nfts and by the way I we have in the company but I have especially a love hate relationship with nfts uh I love the tech I hate the products I think till now nobody really scor the right product that makes sense from from a yeah from a product perspective um very often we are asked hey why we don't do your fun tokens but as nfts why I mean our fun tokens or just for to understand from a li liquidity perspective because it does matter fun tokens are traded four times more than nft today uh let's say depends of the day obviously today is actually today I just checked now it's two times more um the whole nft market today was traded $42 million and when I mean $42 million it includes uh Bard apes and and all of this stuff that are like premium product uh the sports one is probably $2 million which is like S rare plus DraftKings and few other stuff fun tokens Today Was 80 plus million sometimes it goes to $200 million why sure because it's list on binance on upbeat in Korea on Mercato Bitcoin in Brazil paribu here in Turkey so we we are comparing Opel and apple and oranges don't take me wrong we cannot compare nft trading and fungible tokens trading but my point is we all know that liquidity matters for whatever all of us are developing liquidity does matter um and therefore fun tokens are a much bigger Market to tap in from a liquidity perspective we have dexes that's going to come soon for the first time we still don't have yet a DEX for the um for the for the chain it's coming in few weeks so we spent the last year is really launching or preparing rather the launch of the chain um few weeks ago two weeks ago we announced all the first kind of few Partners integration with the wallet connect and Magic link and all the stuff that really help everybody to build their stuff the B economy or bony I'm not sure to pronounce it for account abstraction we have all of the kind of pieces that step by step make sense we have the IP the brands um we have users uh decent amount but now we need more cool stuff being developed not by us and that's on you and we we have these two categories uh and that's how we also uh set up the rewards for the aaton this week this weekend is there is a category of fan tokens and there is a category of sports file um if you have a slide somewhere or I have it here because I did my homework almost um Z in [Music] um well there is this and then there is the other things I'm going to say or except max if you want to jump in on that but just for for for you to uh to understand what we are seeing on the um fan toen and sport is fanten is all about the existing teams we have these 80 100 I mean 80100 teams we are working working with um all over the world and by the way this is a global play meaning that we have teams in Chile in Brazil in Mexico uh in uh in Turkey in Malaysia and Malaysia in Indonesia for example we have the three biggest Indonesian team massive Market there um but we don't have yet the perfect tools to to to be different in term of what we are trying to um to develop there is fun token gated platforms my dream is always the same is I own Paris sgain token I go to a Nike shop anywhere in the world and I get a 10% discount uh because there was a QR code that that allowed me to to be identified and authenticated to the e-commerce platform I have in front of me the problem is in every country more or less it's different so it's not a deal you need to do with Nike Global it's a deal you need to do per country with the general manager of the marketing department whatever so we need to develop tools that allows us and allows fans and allows teams to actually scale the the utility of these tokens proof of attendance is is a good example as well even though as I said at the beginning our main target is actually not the people who goes in a stadium you know in a stadium just for you to know in a stadium there is usually let's say 50,000 people I don't know in canatar how many is it 62 probably yeah um but they play 20 times a year a stadium is actually used 20 times a year so it's not something you can use every day uh having said so uh you can create tools where there is a a tablet and there is a QR code regenerating every second and you go there and you scan it and then you will be identified as us as a p poap u because you're a holder of the team of the tokens of the stadium you are there is plenty of small things like this there is of course some gaming related experiences uh we are looking at ticketing uh obviously Sports data Oracle was a conversation today uh it's critical is how do you store uh um result of sports team on chain so then other developers and project can build maybe Sports bating maybe some rewards mechanism that because I own a Paris s Germain token I'm going to get a free nft tonight that is minted automatically because they scor Tre Z but how do you know that this SC three Z well you need to have onchain data the problem is where do you get this data we there are provider who provide this data but they don't want their data to to go on chain for free and everybody to be able to to access to that dat forever so there is some complex things around that um but for us it's all about engagement transactional uh and it's a bit Limitless because we started with the sports space and we have only 100 teams more or less all over the world uh but then there is few hundreds more that we have to go after at some point uh we launched one of the biggest Premier League team Tottenham odur uh a month and a half ago uh we we already have six or seven other premier te but we will have more uh eventually um and we we keep have markets new markets where we can develop stuff but again our goal is really to make this chain uh not the fastest not the best but just the sports blockchain or the one that at least deliver utility for real users and mainstream users all over the world um in in term of um in term of price for today I'll jump on that if you want I don't know if yes uh so there is two categories so it's a 20K uh price um 7even and a half for the F fan utility token so literally focused on what I said about these fan tokens so what are the whatever feature or product uh could come to bring more utility to these tokens and there is a second pool for the So-Cal Sports fight project which are more neutral maybe less fan token oriented could be a DEX could be a lending could be whatever other ideas bating lossless bitting I don't know what is that um and and many other things uh that can be invented and then there is an extra uh 5K uh for generic P Pool price I suppose um that's how we start at least this uh this weekend uh that's on you of course to uh to to go after that and to chase this hopefully please tell your friends as well that chis is cool it's spicy but it's cool uh and you know you know unlike most of the other company blockchain project uh Foundation whatever that you've seen here is everybody's doing the same thing objectively um all our neighbors it's all either layer one layer two I mean at the end it's everybody the same thing everybody's ping every uh developer to say oh I have a landing protocol oh you can do it on my new chain it's amazing great and it's cool for you it's cool because there is always a new girl that you can uh try to date and get money out of it good for you guys for us it's a little bit different we are trying to convince um developers that hey maybe it's time to actually build utility on this blockchain and changing the narrative that it's all about money money money money money and actually bring uh interest for users to actually use the blockchain that is not just about an ETF in Bitcoin and it's not just about the tokens going up and that's where I believe chilies can bring value to the users to the fans to the developers uh developers being either independent or eventually being funded to do more uh with us or with someone else that's um that's more or less the idea should I add anything Max you're about 20 minutes over that's great we were going to open it up I think it should be fairly easy to a Q&A after that um in case you guys had any questions specifically about the how to access our test go go James finish yeah I mean uh it's pretty straightforward like Alex said it's an an evm chain so uh it should be self-explanatory we've created this uh this doc on doc.

com so yeah doc.com it should be on the QR code of the flyer that you can get from our table you should have everything here so you have the video if you keep going through the video it's going to uh go through a section where it kind of gives you a walkth through of the docks of how to uh Bridge how to use the faucet you know and uh and then after uh after all that you will have the pools and some more useful information that we thought we throw in that that you guys might need um including minimum gas price we have a lot of people who um complain about the gas limit uh because basically when you Deploy on our chain there's a bit of a more complex uh system smart contract so just up the gas limit a bit before you deploy uh to save you a bit of hassle we have some links to our our test net our faet like I said uh you can see it right here so um it's linked to Twitter so you can verify with your Twitter and you can get 25 chilies or uh some fan tokens to play with as well and we also have WRA Chili's um for main net to get chilies you can use our Bridge uh between ethereum mayet and and cheese chain but uh we could we recommend that if you have chilies like on binance or on on on any exchange that has connected to Chili's chain uh you can you can use that as well and we also have some Dev tools that are are already there obviously um I was speaking to actually one of the guys here um you guys are used to a bad developer experience U but if you guys want to want to use our our tools um we partnered with Morales Tatum uh third web word connect magic link there's some others as well uh if if so if you need anything just let us know and we can uh we can let you know uh we have an oracle p as well um I can add it as well in in the list here but basically this is uh this is pretty much it I we're open to any questions so go ahead and uh throw them all way yeah yeah you spoke about you have an oracle yes but it's also like in the it's also in the things you are looking for uh like so the Oracle we have right now it's for um price data right so we can we can look for oracles get different type Sports data like Alex was mentioning like match results yes exactly yester they integrated they integrated the cheese chain to distribute price feeds because they are defi oriented um but what we are looking for is more like trying to create a sports Oracle where we can store um match result real time not real time the question is how is it validated users not users third party as companies there are a lot of feeds available in the market but how do you make it on chain how do you scale it so developers can build tools with that or alol any other questions is there any limitation on what type of smart contracts can be deployed or uh no okay since you mentioned before the deployment can be be expensive due to the governance we made some changes in the in the Govern in the governance the system contracts um because we used to be a permissioned chain before so we made some tweaks the tweaks are still there so it might be a bit more complex to uh to deploy on chain because it's checking a lot of extra functions in the system smart contract you just need to increase the gas limit a bit higher than you would what you would usually do on other evm chains and you'd be good to go uh that includes also other rc20 tokens that can compete with the ones you already have on the Chain like can I create another fun token myself yeah um of course we want to open up kind of the ecosystem to have maybe more sports brands have um so there are here in Turkey for example there are two exchanges that used to launch tokens fan tokens fan token is a trademark that we different topic but um there is an exchange here called bxn here in Turkey they have 15 20 tokens that are very different than what we do uh but they are they are actually launching them they are minting them on the chain on Chase chain as well because eventually what's going to happen if we all do well our job but that's what's going to happen we will be the chain where people if you want to Mint a fan token even if you are a small rock big Club in South Africa or in Ireland or in New Zealand eventually people will mint their fun token on the the cheese chain because there will be a bunch of tools dedicated for that space so till now we as a company we are the issuer the minor Master Minter of fun tokens in two years we hope there will be thousands of legitimate that's that's the only issue but legitimate clubs and sports property that has nothing to do with us that will deploy through whatever platform their funen and then it will be they will have access to all the um tools that are provided by uh by the chain thank you m thank you very much that's okay that's it bye I thought it was a question thank you