What is CHZ Chiliz
Chiliz is a new blockchain sports and entertainment company that was founded in 2017. The company provides a platform for sports fans to connect with their favorite athletes and celebrities.
CHZ stands for Chiliz Tokens, which are the native currency of the platform.
The Chiliz platform is an ecosystem which encompasses all aspects of the sports and entertainment industry, from players to fans.
A new token is about to make its way into the game. Chiliz (CHZ) is a cryptocurrency backed by celebrities, sporting personalities and influencers. The aim is to make it the first global, decentralised currency of choice for celebrities, brands and clubs.
CHZ is a crypto token that is based on the Ethereum blockchain.
CHZ has been developed for the purpose of being used in the Chiliz sports betting platform. The Chiliz crypto token can be traded on different crypto exchanges and it’s a good way to invest in a company that is backed by an experienced team from various fields.
CHZ aims to create a platform that will help tackle the problems in the sports industry. The team has a long-term objective of becoming the number one destination for both sporting enthusiasts and professionals with a decentralized ecosystem.
The project’s main focus is on bringing fans together from all over the world by facilitating live chat, streaming, and events. In addition, CHZ is looking to become a regulated operator in esports betting with an innovative approach to tokenization of in-game items.
Chiliz is a tokenized ecosystem which provides the infrastructure to create, operate and participate in sporting events and other types of events.
The Chiliz ecosystem consists of three main elements – the Chiliz token, the Chiliz platform which includes smart contracts, decentralized applications (DApps) and interfaces for participants to easily access protocols, and finally the Chiliz event system that manages each competition organized on the platform.
Where and How to Buy Chiliz (CHZ) in the UK
- Sign up to an exchange which trades Chiliz CHZ
- Fund it with cryptocurrency
- Trade your crypto for Chiliz CHZ
Sign up to an Exchange
We recommend Binance? This for a number of reasons
Binance is one of the most popular cryptocurrency exchanges in the world. It has its headquarters in Hong Kong and is led by Changpeng Zhao.
Binance currently has over 1000 coins listed on their exchange, which is more than any other major cryptocurrency exchange. They have a huge number of trading pairs as well, which makes it very easy for traders to trade any coin they want without having to worry about liquidity issues.
This means that traders who are looking for a specific coin will have no problem finding a viable trading pair to use on Binance.
Binance is an international cryptocurrency exchange with trading pairs in BTC, ETH, USDT, BNB, QTUM, LTC, NEO. They are the fastest growing cryptocurrency exchange in the world.
Some of its good points are:
– Fast execution
– Zero fees for market makers and discounts for market takers
– Lowest trading fee among all exchanges
– It supports multiple languages
– It has an excellent interface that is easy to use.
Fund your Binance account
Now you need to transfer BTC in order to trade Chiliz CHZ with it.
It’s really easy to buy BTC with your debit card on binance.
You can transfer your funds from your bank account or use our other options to make the process easier for you.
You can also setup recurring orders! which is another great option for Binance which other platforms don’t offer. In order to make it easier for customers to set up recurring orders on Binance, the company released an official guideline which makes it clear.
Trade your BTC for Chiliz CHZ
We now need to get into our trading section of the guide.
To do this follow the above picture and click on Classic!
Now we have to find the correct pair BTC/ Chiliz CHZ
Now type CHZ Chiliz in the top corner like i did.
If you are new to the market, the stock market can be a confusing place. Let’s break down some of the most basic terms you need to know in order to get started.
– Market order: this order type is executed immediately. This means that your trade will execute as soon as possible and the price of the trade will not change.
– Limit order: this order type is put in place so that your trade executes for a specific price and does not execute until it reaches that specified price.
Is Chiliz CHZ a good investment?
Fans can make a difference at their club by providing their thoughts on decisions through surveys and polls. For example, they can suggest what armband style the captain should wear
Chiliz aims to be the perfect fan. With partnerships with some of the world’s most famous sporting institutions, it’s no surprise they’ve been going from strength to strength. Every sporting organisation utilising the Chiliz technology has a limited supply of fan tokens that are initially offered at an FTO (fan token offering). These tokens are first-come-first-served, with the opening price and fully diluted market capitalisation. The native CHZ token is used as a currency on the Socios platform. This token can be used to purchase fan tokens from content creators. Fans will then be able to vote for their favorite games with those tokens, which can be done with the help of smart contracts.
It has partnerships with the UFC and gaming organizations. By purchasing CHZ, fans get access to various fan tokens and literally have a stake in their club. Clubs measure the strength of their fans. This can range from new jersey designs to team matchups for exhibition games.
There are many reasons why Chiliz CHZ could be a good investment for investors. Firstly Chiliz pioneered direct fan engagement for everyone with the soccer club voting. They are constantly looking to innovate new ways for everyone to get involved.
Chiliz announced the establishment of the Chiliz Blockchain Campus, a privately-owned crypto incubator focused on accelerating blockchain technology adoption across Asia and Europe.
The company estimates they can be at about 10% of their potential today despite them planning to have up to 100 teams in its collective by the end of 2021
Is CHZ a good investment?
It is not hard to see why investors are so excited about this company. But are they worth the investment?
Well, yes-to-a-certain-extent. Chiliz stock price is currently $0.32 They have a relatively small market capitalization of just under $10 million USD despite having a big client list and sound investments behind them. Can it go up to $1 dollar in 2022? Yes i can with our analysis suggesting it can reach even up to $2 dollars
How can I buy CHZ crypto?
Using our guide and signing up to Binance
You can buy chiliZ with a debit or credit card on crypto exchanges like binance