Differences between Investing vs Trading
Differences between Investing vs Trading
"Chiliz coin is the native cryptocurrency for decentralised apps powered by the Chiliz blockchain network. It has a total supply of 8.88 billion Chiliz coins, with just over a third sold during the project’s initial pre-sale and token sale.
The big-ticket decentralised app powered by the Chiliz blockchain at present is the Socios.com platform, which is a fast-growing sports fan engagement portal. Chiliz coin is the exclusive currency used for Socios.com, with fans able to acquire ‘Fan Tokens’ from some of the most iconic professional sports franchises on the planet.
The Socios.com project was established in 2018, with founder Alexandre Dreyfus passionate about turning the 3 billion-plus gamers worldwide into team-connected influencers with the power to make decisions rather than spectate from the terraces. Token holders of teams connected to the Socios.com platform secure voting rights to influence their
Chiliz coin is now regarded as a digital financial asset, in accordance with the Maltese Virtual Financial Assets Act. Since partnering with over 100 of the biggest sporting franchises worldwide, including FC Barcelona, Manchester City, UEFA and UFC, the price of Chiliz coin has been of increasing interest to crypto investors.
As of December 2021, Chiliz coin was available to trade on the cryptocurrency exchange, Kraken. As of mid-November 2022, one Chiliz coin is worth approximately $0.22, significantly lower than its all-time high of $0.77 in April 2021. With the 2022 FIFA World Cup arriving this winter, it will be interesting to see how the Chiliz coin price reacts to one of the biggest sporting events of the year - despite the ongoing volatility in the wider crypto sphere.
There are inherent risks with owning altcoins like Chiliz coin. As with most cryptocurrencies, there is significant volatility in the markets, simply because there is no historical price data for investors and analysts to fall back on. This creates uncertainty and the potential for sudden spikes in the rise and fall of cryptocurrencies like Chiliz.
If you’d rather not own altcoins as part of your investment portfolio, you could consider speculating on the price of Chiliz and other cryptocurrencies instead. Using a (CFD) broker, it’s possible to take long (buy) and short (sell) positions on instruments like Chiliz. Long positions are like conventional investments, but short positions can also help you profit if you think the price of Chiliz coin falls rather than rises.
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* The spreads provided are a reflection of the time-weighted average. Though Skilling attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.
The above spreads are applicable under normal trading conditions. Skilling has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions'.
How to trade Chiliz coin?
Chiliz coin is a cryptocurrency that can be traded on various exchanges. To trade Chiliz, you will first need to set up an account with one of the exchanges that list it. Once your account is set up, you will need to fund it. Most exchange wallets accept credit cards and bank transfers as funding sources. After your account has been funded, you will be able to buy and sell Chiliz.
You can also exchange Chiliz coins with other cryptocurrencies available on the exchange. Before executing any trades, make sure you understand the risks involved in trading cryptocurrencies. It is important to research the different exchanges and select one that offers a secure platform for your transactions.
When was Chiliz coin released?
Chiliz coin (CHZ) was released in January 2020. It is a digital asset that powers the Socios.com platform, a fan engagement and rewards app built on the blockchain. CHZ tokens can be used to purchase Fan Tokens of major sports teams, giving holders access to exclusive benefits such as VIP rewards, voting rights, special promotions, and more. The platform has been adopted by over 20 major sports teams and organizations, including FC Barcelona, Juventus, Paris Saint-Germain, AS Roma, Galatasaray SK, and UFC. As it gains more traction in the sports community, its value is expected to rise even further.
What is the future of Chiliz coin?
Chiliz coin is an innovative cryptocurrency that has been gaining attention due to its recent surge in value. The platform, which focuses on sports and entertainment-based tokenization, is growing rapidly and many experts believe it could be a major player in the future of digital currency. With its unique approach to fan engagement and monetization, Chiliz coin looks poised to revolutionize the way fans interact with their favorite teams, athletes and entertainers.
Additionally, its ability to be used for trading and investing is expected to further drive its appeal among potential investors. Ultimately, Chiliz coin's future appears very promising and it could be a major force in the cryptocurrency market for years to come.
Why Trade [[data.name]]
Make the most of price fluctuations - no matter what direction the price swings and without capital restrictions that come with buying the underlying crypto asset.