Buy Chiliz (CHZ) - how to invest in Chiliz in the UAE

While some are pondering where to invest their money, others are actively investing and making big money. So how do you make money from cryptocurrency? In this article, you'll learn about the most effective ways to make money with Chiliz cryptocurrency.

In addition, you will learn how risky such investments are and what results you can expect from them. 

What is Chiliz (CHZ)? 

So what is Chiliz?  

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

Fans can buy fan tokens from international sports teams and clubs, including Barcelona, Juventus, Milan, Atletico Madrid, Roma, and others. These tokens are limited in number and are interchangeable. That means that ownership can be sold, and their price depends on the market. The fan tokens also offer the opportunity to participate in various polls and receive special offers and rewards. 

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

What are fan tokens?

If you want to buy CHZ, it is worth looking into this question in more detail. 

Fan tokens are cryptographic service token that contains 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. If we talk about the benefits for the sports teams, they gain additional income through tokenisation. Also, all the teams who connect to the platform get a percentage of the fees charged for the transactions. 

The first two teams to tokenise on the platform were football clubs Paris Saint-Germain and Juventus. West Ham United, Associazione Sportiva Roma, Club Atlético de Madrid and cybersport team OG joined them. Ownership of the unique branded fan tokens of the partner clubs also gives fans access to exclusive content, gamification, social networking and leaderboard features. 

Fan tokens can be purchased with Chiliz tokens
Fan tokens can be purchased with Chiliz tokens

CHZ currency details

  • The token is CHZ. 
  • Token type: ERC 20. 
  • ICO start date - 01 June 2018. 
  • ICO end date - 09 June 2018. 
  • ICO token delivery - 306666666. 
  • Total income from the ICO - 66,000,000 USD. 
  • Token distribution: 15% strategic acquisition, 15% marketing operations, 20% user base reserve, 34.5% token sales and presales, 7.5% investors, 5% team, 3% advisory board.

Chiliz cryptocurrency features

One of the essential features of Chiliz is that Chiliz is not only focused on real sports but also virtual sports. As a result, the platform will become the backbone of the Global Players League (GPL). GPL is a fan-driven, globally scalable eSports league created for today's gamer and eSports communities, powered by the Chiliz token (CHZ). 

The voting rights acquired for the tokens are implemented through smart contracts, allowing direct interaction between GPL teams and their fans. It's also worth noting that the project did not have a public ICO, as they raised $66 million from private investors. Nevertheless, the project has attracted significant cryptocurrency exchanges and leading crypto funds in Asia, including Binance, OK Blockchain Capital and Ceyuan Ventures.

So, if you are considering investing in Chiliz in the UAE, remember that there are vast numbers of football fans, gamers, and other sports fans on the planet. So, in the long run, this crypto can reach a vast number of people worldwide. 

Chiliz cryptocurrency features
Chiliz cryptocurrency features

How to Buy Chiliz (CHZ)? 

Mining.

Getting cryptocurrency is another way to maintain the network by mining it by providing your computing power. Buying one ASIC miner and plugging it in at home will not generate a decent income. However, you can do it to get acquainted with the mining industry and to gain relevant experience.

To count on a serious profit, you need at least 10 thousand machines because then the maintenance per device will be cheaper. Experts also point out that people who are not familiar with mining will have difficulties of a technical nature when trying to mine cryptocurrency.

If one approaches mining professionally, a miner has a better chance of making money if the cryptocurrency rises sharply than an ordinary investor. However, miners' risks increase when rates fall rapidly because mining can become unprofitable. There are many risks, complex requirements and conditions in this way of making money from cryptocurrency. Before choosing this way of mining cryptocurrency, be sure that you need it. 

But this is not the only way. There are other convenient and profitable ways to buy CHZ. You will read about it further in this article. 

How to Buy Chiliz (CHZ)?
How to Buy Chiliz (CHZ)?

How to start investing in Chiliz (CHZ) in the UAE? 

There are several ways to acquire cryptocurrency. If you want to invest in Chiliz in the UAE, here is one way:

Binance platform.

The most active exchange that trades Chiliz paired with BTC, USDT, and BNB is Binance.

Buy and sell cryptocurrency on Binance:

Binance is a platform for buying and selling cryptocurrency quickly with streamlined buy/sell processes. You are only three steps away from your first cryptocurrency:

  • Register your account;
  • Go through a background check;
  • Buy cryptocurrency!

How do I invest in cryptocurrency without losing all of my money?

It is essential to understand that the probability of losing your entire investment portfolio that is invested in cryptocurrency is high. Therefore, it would be best if you were very careful with your cryptocurrency investments.

To minimise the risks of investing in cryptocurrency, you should divide your capital into three portfolios:

  • Safe - investing in very stable, reliable assets;
  • Medium-risk - investing in a business, stock market, very reliable projects with clear liquidation value;
  • High risk - high risk speculative investments with a high level of risk and the opportunity to make good money.

We recommend considering cryptocurrency as a tool to invest a certain percentage of your investment portfolio. Invest the portion of your funds that you are willing to risk or even lose. You should have your specific investment goals detailed so that you don't get nervous if the market suddenly goes against you because the cryptocurrency market has very high fluctuations and very high volatility. You have to be prepared for significant drawdowns over a few years because cryptocurrency is very volatile and regularly shows days where the market goes down by 20% or 30%. So you have to be very careful and approach this instrument as a high-risk one.

No one can give a guaranteed prediction about the stability of the cryptocurrency market. It is spontaneous, and there are no regulators. Therefore, before investing in digital money, you should study information about cryptocurrency exchanges. The cryptocurrency market is volatile, so you should be prepared for dramatic fluctuations in cryptocurrency prices. To reduce risk, you should diversify your investments into three portfolios. You shouldn't invest all of your money in one cryptocurrency, for example, just because you know its name. That's a considerable risk. You have to invest wisely. 

Invest wisely
Invest wisely

How to Buy Chiliz (CHZ) 

Trading CFDs.

If you want to buy Chiliz in the UAE, the easiest way to trade cryptocurrencies is through a broker. Instead of opening a digital wallet to store real coins and trade on a cryptocurrency exchange, you can trade CFDs from your trading account. You can do it by working with a reputable and respected broker that offers cryptocurrency trading. CFD trading allows traders to open both long and short positions, as it gives traders the opportunity to speculate on future movements in the price of a cryptocurrency.

Deciding whether to buy a cryptocurrency through an exchange or trade it through a broker will depend on the following nuances:

  • Whether you want to own the cryptocurrency;
  • Whether you are willing to pay the total value of the cryptocurrency upfront;
  • Whether you have an open account on a cryptocurrency exchange;
  • Are you willing to pay additional fees for deposits and withdrawals?
  • Do you have a digital wallet?
  • Whether you are willing to use leverage.

Although some investors prefer to own cryptocurrencies, most traders prefer to trade CFDs on cryptocurrencies instead of taking ownership of the cryptocurrency. 

CFDs allow you to enter into an agreement with a broker for a specific time instead of opening a position directly in the market. At the end of the contract period, the difference between the opening and closing price is exchanged. 

Trade through CFDs on online platforms
Trade through CFDs on online platforms

How to Buy Chiliz right now?

So, if you decide to buy Chiliz, as mentioned above, register on the website of the chosen platform. Registration is mandatory and a quick process. It will give you access to all the functionality of the platform. 

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

Demo account 

At the beginning of their trading, many traders wonder whether they should open a demo account or go straight into real money trading.

A demo account is a free training account almost identical to a real one, but you trade all your trades with virtual money. You make a profit or lose your deposit with virtual money. Opening a demo account is a matter of 2 minutes and is not difficult for a trader. The main points when registering - you enter your data and create an account (currency, server, amount of deposit, etc.).

You can hone your trading skills, learn the peculiarities of markets and instruments, develop your trading strategy in comfortable conditions without any risks.

Open an account
Open an account

Real account 

When you trade with virtual money, you have a blunted sense of responsibility for that money and your trading failures. So what if I lost my $1,000 deposit! Tomorrow I will open a new one. Also, you have no psychological pressure, and emotional strain is very debilitating. You become inattentive to your trading. You may stop putting stops and trade at random. 

So if you feel strong in confidence, you can open a real account with a minimum deposit. 

Make a deposit
Make a deposit

You can determine the amount of your minimum real deposit and train on it. So, you will learn quicker and will be more attentive. 

Believe in yourself and have successful trading!

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