What is Chiliz (CHZ) Token?
Chiliz is a financial technology platform that tokenizes sports clubs. Its money and blockchain technology enable products aimed at everyday, mainstream consumers. Socios.com, a tokenized fan interaction solution for sports, is Chiliz’s first platform.
The CHZ coin is presently available on two blockchains, BEP-2 and ERC20. It is freely available for purchase on a number of centralised exchanges, including BuyUcoin. CHZ tokens will also be available for purchase on Socios.com through debit/credit card. CHZ tokens are supported by both the Binance Chain and the Ethereum blockchains.
Key features of Chiliz
- It empowers fans by providing them with the chance and ability to participate actively and meaningfully in directing portions of the team’s decision-making process. Fans can now become influencers within the organisations of their favourite sports teams.
- It’s previously well known that there is a huge appetite from fans to become influencers in the sports and esports realms. However, the current movement to provide direct fan involvement and engagement has been little more than a novelty.
- There is currently no method to actively influence team decisions short of purchasing the team or forming your own new team. This practically means that there is no way to convert from fan to active team participant.
- Creating a new team to obtain this kind of influence over a sports team is not a possibility for nearly everyone. In terms of finance, time, and talent acquisition, the obstacles to entry are simply too high. It’s simply not feasible to think about starting a new professional sports team.
How to buy Chiliz (CHZ) Token?
You can buy Chiliz Token in India from several different exchanges but a trusted firm is important like BuyUcoin. Each trade has perks and downsides, so study them all and determine which one is best for you!
Buy Chiliz Coin in India — Step by Step Guide For Beginners
BuyUcoin is an exchange that provides buying and selling Chiliz Coin in India as well as other cryptocurrencies. Below is a step by step guide to buying Chiliz Coin via BuyUcoin:
Step 1 — Open a Digital Wallet
A digital wallet houses your cryptocurrencies and uses blockchain technology to communicate with other citizens. It is important to make in-depth research before you decide what one is best for you, however, there are several providers of digital wallets. Today, BuyUcoin’s the leading digital wallet provider.
Step 2 — Register & Open an Account
When you enter the BuyUcoin/Signup account, register and open a service account. Choose your person or company form of account. Choose your country and adhere to the terms and conditions of your crypto-trading account.
For the Indian jurisdiction, KYC and AML are compulsory. Your data are secure and encrypted and stored only in Indian data centres. To complete your KYC, you are redirected to another URL. With your last selfie, please be ready. Pictures of your pan card will be required. The mobile number connected to your Adhar is important.
Step 4-Google 2 step Verification
To use 2FA, the Authenticator app must be enabled on your smartphone or tablet. If enabled, any time you log in to your BuyUcoin account, you will be asked to include a 6- digit one-time password with your email and password. This only functions when an email and password are entered.
Step 5-Add Bank details
Add your name credentials, the account name of the holder and the IFSC code information.
Trade Chiliz in India
Chiliz has built a platform for fans to have a say in their favourite sports teams. In addition, the platform will be able to fund and connect with new sports and esports businesses. This is done especially through the Socios.com platform, a crowd-management system powered by the CHZ token.
To trade Chiliz Token in India you need an exchange that facilitates the trade of CHZ via CHZ-INR pair or CHZ-USDT pair in India. Out of many exchanges, BuyUcoin is good as it provides fiat deposit through UPI, trading fees is the lowest and bulk orders can be placed easily through OTC/EZ Platform. The most promising feature of BuyUcoin is that it allows a minimum withdrawal of INR 20.
Can I Use Regular Money to Buy ChilizCoin?
Yes, you can use regular money or any fiat currencies such as INR to buy Chiliz Coin in India where Chiliz Coin can be stored in your wallet with a single tap to buy or sell your desirable cryptocurrencies without any hidden transaction fees using one of India’s leading cryptocurrency exchange BuyUcoin.
Getting a ChilizCoin Wallet
BuyUcoin is a multi-currency crypto wallet where Chiliz Coin can be stored with high-end security features where cold storage wallets are used. Your wallet is secured via a secret trade pin and OTP mechanism. When to deposit CHZ in your wallet you need to generate your CHZ wallet address.
Once we have sent the Chiliz Coin to your wallet, we will send you a confirmation email. The Chiliz Coin will appear in your wallet when you restart the BuyUcoin wallet.
If you want to buy CHZ-INR, an exchange called BuyUcoin is one choice. You can even buy the CHZ using your credit card with an easy-to-understand interface. When you register, BuyUcoin requires your ID and address. This conforms to the anti-money laundering (AML) legislation and knows the legislation of your customer (KYC).
ID checks are considered the best methods by many exchanges, although technically not a legal requirement in most countries. It helps avoid the use of exchanges for criminal activity. But there are legitimate reasons why your ID should not be revealed to a trader who is aware of the trade and privacy.
Chiliz pioneered the direct participation of average sports fans in club and organisation decision-making processes. The Chiliz Blockchain Campus, a privately-owned crypto incubator focused on accelerating blockchain technology adoption across Asia and Europe, is one example of how the company is continuously inventing new avenues for fans to participate. Despite the fact that it will most certainly have 80–100 teams as part of its network by the end of 2021, the firm estimates that it is only at 10% of its potential.