Chiliz was first launched in 2012 by its current CEO Alexander Dreyfus. After active development in the blockchain space leading into 2018, CHZ was launched alongside Socios.com. Both aim to leverage the blockchain to deepen the relationship between sports teams and their fans. With over 100 partnerships consisting of top-tier sports teams worldwide, Chiliz provides a working product that the sports world values. As a result, many sports fans are curious about how to buy CHZ.
1. Create an Account
Visit the Netcoins website and click on the sign-up button. Or download the Netcoins app from the app store for mobile. Enter your email address, create a strong password, and agree to the terms and conditions. You will receive a confirmation email, click on the link to verify your email address.
2. Fund It
Choose your preferred funding method: bank wire transfer, interac e transfer, crypto deposit, or cash deposit. Follow the prompts to transfer funds into your Netcoins account. The process is quick and incurs no fees.
3. Start Trading
Why Chiliz Is The Crypto For Sports Lovers
Through digital assets called Fan Tokens on their platform Socios.com, Chiliz is leveraging the blockchain to lead a revolution in the sports industry. The aim is to provide fans with a way to further engage with their favourite sports teams and to provide teams with a way to monetize their fan base.
Socios.com does this through Fan Tokens, which are fungible (or interchangeable) digital assets minted on the Chiliz blockchain. Fan Tokens are officially classified as utility tokens. In other words, fans can use them to gain access to polling privileges, VIP benefits, exclusive promos, AR-enabled features, discussion boards, games, competitions, and the ability to compete in worldwide leaderboards.
Why Buy Chiliz?
Buying CHZ should be considered an investment, like any other crypto asset. The Token’s future value will be determined by the growth and success of Socios.com, with the tokens CHZ being the only form of currency available to buy and trade Fan Tokens. This creates a deep relationship between Socios.com and CHZ, whose product offering relies on CHZ to operate. Up until this point, European soccer teams, Formula One giants, leading esports teams, the UFC, the NBA and more have embraced Socios.com. The project’s clear value proposition makes CHZ a fascinating investment tied to the world of sports and enterntainment.
What's Chiliz Supply Cap?
Chiliz has a supply cap of 8,888,888,888 CHZ tokens that can exist at any point in time. The nearly 9 billion token supply cap removes inflation risk, which usually reduces the value of your tokens over the long run.
What Blockchain Does Chiliz Run On?
CHZ runs on the Ethereum blockchain as an ERC20 token and the Binance Smart Chain as a BEP2 token. Fan Tokens on the Socios.com platform are verified and created using a Proof of Authority consensus protocol. The main difference with Proof of Authority, compared to other protocols, is that it relies on a smaller number of verifiers rather than a fully decentralized network. Although sacrificing decentralization to an extent, the Chiliz protocol enables more efficiency and quicker transaction speeds.
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FAQs
Why is KYC (Verification) required?
Netcoins Inc. is a licensed money service business under FINTRAC, and a registrant under the Provincial Securities Commissions, and adheres to the strict guidelines set by them for Money Transmitter Businesses and Securities Registrants. We are required to have a Know-Your-Client (KYC) process and compliance program in place. KYC is a process that allows us to verify the identity of our customers.
What do I need to provide for your verification process?
You will have to provide your email address, phone number and personal information including your first name, last name, address, date of birth and a piece of identification (like a driver’s license). Most users are verified at this point through our automated process. If you don’t pass the automated KYC process, you will have to go through an additional document verification stage. This is important and required as we are a regulated money service business.
How can I fund my account?
Your Netcoins account can be funded with a crypto deposit, Interac e-Transfer, or a bank wire transfer. Once you have funds in your Netcoins account, you’ll find that it’s super easy to buy CHZ in Canada.