Buy Chiliz (CHZ) - how to invest in Chiliz in India

What is Chiliz (CHZ)?

Chiliz is a digital currency for sports and entertainment platforms. It allows traders to buy and sell branded tokens. In addition, Chiliz provides sports and entertainment organisations with unique blockchain tools that help them attract and monetise audiences.

Blockchain technology is helping to increase interaction between sports fans and teams. Cryptocurrency platform Chiliz has offered the option of tokenisation of voting rights. Chiliz has attracted dozens of investors and partners (including top football clubs Manchester City, Juventus, Milan, Inter and others) in the two years since development began. A review of the cryptocurrency Chiliz (CHZ) will show how and why to invest in this coin.

Is CHZ a non-fungible token (NFT)? After partnering with the decentralised Chainlink oracle network and the Enjin blockchain ecosystem, Chiliz can issue NFTs to sports clubs and teams. Still, CHZ itself is not a non-mutually exchangeable token. At the moment, CHZ can only be used to buy digital collectables such as fan tokens.

Chiliz is a digital currency for sports and entertainment platforms
Chiliz is a digital currency for sports and entertainment platforms

History of the cryptocurrency CHZ

The CEO of the project is Alexander Dreyfus. Previously, he worked as director of application development at Scientific Games and was the founder of the popular poker room ChiliPoker. The idea to create a blockchain platform for interaction between sports fans and teams appeared back in 2016. But active development did not begin until two years later.

The blockchain project is owned by HX Entertainment Limited, registered in Malta and operates under its laws.

In 2018, 8.8 billion coins were generated. During the private placement, tokens were pre-sold to pre-selected investors and companies. One of the contributors was the Binance exchange. CHZ was then poured into major crypto platforms: Binance, KuCoin, BitMax.

Tokens have been set aside for investors, marketing operations and other tasks. 

DISTRIBUTION OF ALTCOINS ISSUED QUANTITY CHZ
Sale and prepositioning 3,066,666,666
Deferred for marketing operations 1,333,3333,333
Issued to Seed investors (individuals who have financed a new business at an early stage. Such deposits are the most risky)  1,111,111,110
Donated to Advisory Board  266,666,666
Set aside for strategic purchases 1,333,3333,333
Reserved for users  1,777,777,780

The company managed to raise $66 million, most of which went towards developing Socios, a scalable platform for fans. It is a website for selling Fan Tokens for sports teams. It's a tokenised voting right + a way to support your favourite club. Ownership of the tokens gives the right to participate in promotions (for each club individually).

Three significant events took place in 2019:

  • The launch of Socios.
  • The creation of the first JUV fan token. Juventus Football Club launched it. It held Fan Token Offering and allowed those who wished to buy the tokens and vote via blockchain.
  • Token Hunt feature launched. Users can collect Socios platform coins (and sometimes fan tokens) for free in their city. In addition, there is support for geolocation and virtual reality. The feature is similar to the PokemonGo app but with the ability to get real tokens.

The international company already has 100+ employees by 2021. It is headquartered in Malta but also has an office in France (Lyon). In addition, remote employees work and operate in Spain, Sweden, the UK, South Korea and Turkey.

The company has 25+ partners, and there have been 23 Fan Token Offering. In addition, users have completed over 120 sports surveys and received rewards for doing so. The total number of transactions carried out by the summer of 2021 is 635,365 transactions.

Ownership of the tokens gives the right to participate in promotions
Ownership of the tokens gives the right to participate in promotions

What are fan tokens?

Fan tokens are service crypto tokens that contain the branding of partner sports teams. With the help of tokens, fans get to vote and participate in decisions regarding their favourite teams. Fan tokens can be purchased with Chiliz tokens.

Fan Token Offerings (FTOs) are similar to cryptocurrency token allocations. They are a fair way of issuing fan tokens on the platform for new partners. The fixed price of each fan token is agreed upon before the launch.

Each FTO for a particular token contains essential information such as the start and end date, opening price and fully diluted market capitalisation.

That allows investors to evaluate all factors and make an informed decision before parting with their money, just like when investing in any other token.

Fan tokens are service crypto tokens that contain the branding of partner sports teams
Fan tokens are service crypto tokens that contain the branding of partner sports teams

How does Chiliz work? 

The project runs on the Ethereum blockchain. It uses the Proof-of-Authority consensus mechanism (an alternative to PoW for private networks). POA does not rely on nodes that do complex mathematical calculations but uses authorised nodes to generate new blocks and protect the network. A majority of nodes must sign each block.

Advantages of the POA mechanism include:

  • Increased security;
  • Fewer computation requirements;
  • Faster transactions;
  • Generation of blocks at fixed intervals.

Validators, who create and validate blocks, are members of the project team. Eventually, it is planned to move from total centralisation to a blockchain consortium. Then the validators could be trusted partners of the platform.

Where to buy Chiliz?

One can imagine how many football fans, virtual game and sports enthusiasts there are worldwide. So Chiliz has as many potential customers as there are real ones at the moment. If you want to buy Chiliz in India, there are several ways. 

Where to buy Chiliz?

The altcoin has high liquidity. It is bought/sold on dozens of exchange sites. In addition, it is listed on major centralised exchanges and DEX.

Ways to get

You cannot mine CHZ crypto. But you can:

  • Buy on CEX and DEX.
  • Get it from another user.
  • Get it through an exchange website.
  • Receive during an airdrop (free giveaway).

Purchase on exchanges

The token is one of the top 100 in terms of capitalisation. It is traded on its platform and other popular exchanges: Binance, Huobi Global, KuCoin, BitFinex. There are also decentralised ones, such as Uniswap.

Exchange sites

A user can also log in to third-party resources. However, this is a riskier way to buy/sell, + the amount of tokens is limited. Therefore, it is crucial to choose an exchanger with a good reputation.

Private transfer

You can get altcoins from another person to an exchange account or wallet. With a private arrangement, all the risks are on the user, but you can agree on any price.

Airdrop

A free coin giveaway has not yet taken place. But according to the developers, they are planning to do an airdrop. Announcements will be published on the project's social networks.

CFD

CFDs are classified as OTC financial derivatives that allow you to profit from price movements in various financial assets, including index futures, trading futures, cryptocurrencies, shares and exchange-traded securities.

You can make a profit by buying CFDs (if you expect the price to rise) or selling them (if you believe the market is heading in the opposite direction). Your profit will be determined as the difference between the amount you buy and your sell CFD contracts. So, if you want to earn through cryptocurrency. CFD is the most popular way to do it. 

CFDs are the most popular way to make money on cryptocurrency
CFDs are the most popular way to make money on cryptocurrency

Ways to earn money

If you want to invest in Chiliz in India, it is worth considering that users can profit from coin transactions. Thus, both long-term investments and trading are promising. 

  • Investment.

The token price has changed by 457.36% in one year (as of July 2021). Investors who bought coins at the launch have already made significant profits. The rate is projected to rise to $1-1.5 in 2021-2022. In the summer of 2021, it stands at $0.24. Thus, this token could be seen as a promising option for long-term investment.

  • Trading.

The high volatility of the altcoin makes it possible to make money from rate changes. In addition, traders can participate in spot margin trading (the amount of leverage depends on the platform).

  • Transactions with Fan Tokens.

The prices of fan coins also fluctuate. Users can invest for the long term or engage in trading. The transactions take place on the project's exchange. Significantly fan tokens may increase in value as a result of team successes or promotional campaigns.

Distinguishing features of Chiliz cryptocurrency

If you want to buy CHZ, know that the cryptocurrency CHZ is a unique coin with these features:

  • It is intended only for use on the Socios platform and trading on exchanges. Primarily on Chiliz. Coins are used for participating in surveys, surveys with rewards.
  • Suitable for fast transactions between exchanges because it has a low price and high transfer rate.
  • CHZ is used to buy fan tokens. There were 30 pairs traded in July 2021.

The sports club tokens can be purchased on the project's exchange, Chiliz Net, when new coins are already listed.

  • Fan coins can be purchased during Fan Token Offerings. FTO is an initial sale that takes place for the first time and at a fixed price. For example, the BAR (Barcelona FC tokens) offering managed to raise $1.3 million. In August 2021, 4 more FTO tokens were announced.
  • The coin is issued on the ERC-20 standard. It is traded on centralised exchanges and DEX (platforms without a governing body).
Distinguishing features of Chiliz cryptocurrency
Distinguishing features of Chiliz cryptocurrency

How many coins are in circulation

  • Emission: ∞.
  • In circulation: 8 888 888 888,00.

How to Buy Chiliz right now?

Chiliz is an exciting and promising project, and its token utility is unparalleled. This is not the first time that the largest cryptocurrency exchange, Binance, has been an investor in other projects, and so far, all of its protégés have been at a quality level. Given that interest in football hasn't diminished for decades, and cybersports and cryptocurrencies are on the rise, it's safe to say that combining all these components will bring the Chiliz project popularity on par with other cryptocurrency giants.

Want to buy or invest in Chiliz? If so, start by choosing a reliable broker and register on the website. Often registration requires some personal information to identify the user. 

Sign up on the trading platform
Sign up on the trading platform

Demo account 

Then the platform gives you the option to trade in a demo account with virtual money—an excellent opportunity to get really good for trading. Again, there is no risk of losing your own money. 

Open an account
Open an account

Real account 

If you want to take a risk and earn money, make a minimum deposit and start trading with a real account. Learn and earn. This is your chance!

SIMPLE AND RELIABLE
MONEY WITHDRAWAL
Visa
Mastercard
Yandex Money