Chiliz is a platform that provides sports and entertainment organizations with tools that help them attract and monetize their audience. Fans are no longer bystanders, as they can use their investments to influence important decisions of their favorite teams.
What is Chiliz (CHZ)?
Chiliz is a blockchain platform for sport, where users can participate in the life of a sports team, buy players and vote through the service Socios.com. Fans exchange CHZ for special fan tokens, and votes are passed through smart contracts with the results recorded in the blockchain. The project uses two types of blockchain: the Ethereum blockchain and the sidechain. The first one exists for conducting transactions with CHZ tokens. The second one was designed specifically for the platform Socios.com.
Socios.com issues fan tokens (fan tokens), fans buy them for the CHZ cryptocurrency. The more fan tokens a person has, the stronger his/her voice is when dealing with organizational issues. In addition, on the trading platform Socios.com you can earn money by selling tokens, placing them at any price.
Why should I trade Chiliz?
Among Chiliz’s investors is the world-famous cryptocurrency exchange Binance, which gives good reason to believe in the success of the project As of June 21, 2021, CHZ is the 54th largest asset with a market capitalization of $1,538,305,863 and a price per coin of $0.2. For a long time, the price of CHZ remained at the same level, but at the beginning of 2021, the coin’s quotes jumped sharply and reached a record $0.7. The volatility of the project is a great sign of its popularity among investors. So don’t stay away and buy CHZ while the price is down.
How much CHZ will be worth?
The analytical review of CHZ by Wallet Investor reveals, that CHZ is one of the most promising long-term investments available on the market. The price is going to rise during both 1 year and 5 years terms.
Simply put, $100 invested in CHZ in 2021 will transform in $770 in 2026.
At the same time we encourage our readers to do their own research, as far as the information given above is not a financial advice.
Where to trade Chiliz?
Buying and selling CHZ will not take you much time and effort, as this cryptocurrency is traded on many well-known crypto exchanges and brokers, such as:
- Binance – a reliable cryptocurrency exchange platform, is one of the investors of the project.
- OKEx – one of the most popular crypto exchanges in the world.
- 7b – secure and straightforward crypto broker app.
How to trade Chiliz using the 7b crypto broker app?
7b Crypto Broker app is the best place to buy or sell CHZ 24/7. You won’t need more than 10 minutes, just follow these steps:
- Download the 7b app from Google Play.
- Sign up for your account.
- Deposit funds to your account.
- Select a suitable trading pair, such as ETH/CHZ.
- Enter the amount.
- Confirm the transaction details.
Is Chiliz a good investment?
Yes, CHZ is a promising cryptocurrency, among the investors of which the Binance exchange is listed. The cost of CHZ is very dependent on sports events, so at the beginning of the year the price was $0.01, and in April 2021 it reached $0.7.
How do I invest in Chiliz?
To invest in CHZ, you need to choose a reliable wallet for storage and carefully analyze the market. The process of buying CHZ is approximately the same on all platforms: select the desired trading pair, send the required amount and confirm the transaction.
How to trade Chiliz for beginners?
Start working on a demo account. For novice traders, working on a demo account is an essential stage of preparation for real trading. To trade CHZ on 7b, log in to your account, select a trading pair and transfer funds.
What is Chiliz Blockchain?
Chiliz is a decentralized platform aimed at developing a sports and entertainment ecosystem on the blockchain. Thanks to the project, fans can take part in solving issues related to the activities of their favorite team.
How safe is Chiliz
The native coin of Chiliz – CHZ, is an absolutely safe asset, both suitable for long-term and short-term investments. The guarantee of CHZ security also comes from the platforms listed it – Binance, Gate.io, 7b.
How do I exchange Bitcoin to Chiliz?
Step 1. Log in to your crypto exchange account
Step 2. Search CHZ/BTC exchange pair
Step 3. Enter the necessary amount of CHZ
Step 4. Confirm the exchange operation
Step 5. Receive CHZ
How do I invest in Chiliz?
To invest in Chiliz (CHZ) one should first exchange fiat money on CHZ. The operation can be made via an exchange or swap platforms. Afterwards the sum should be sent either to wallet or a broker account.