CHZ to USD is one of the newest currency pairings found on eToroX. It is the pairing of Chiliz, with ticker $CHZ, and the US dollar. You might also find it as CHZ-USD or CHZ/USD. No matter how it is written, it signifies the trading of 1 CHZ for USD. Classifying itself as a virtual financial asset, Chiliz is a new Ethereum token that is creating a market for itself amongst traders, being traded against the US dollar and other currencies. Different from so many other cryptocurrencies, Chiliz also powers a sports-related trading platform called Socios, which lets sports (and esports) fans show support for their favorite sports teams and become influencers, voting and participating in club-focused surveys, for example. You can exchange CHZ dollars to USD on eToroX and learn more about the unique crypto token below.
eToroX offers an ever-expanding range of cryptoassets for trading on its exchange. Developed with the professional, high-level crypto investor in mind, eToroX boasts a comprehensive product suite as well as robust security against cyber incursions. As part of the eToro Group, eToroX values the importance of regulation and is regulated by the Gibraltar Financial Services Commission (GFSC). Investors trading CHZ dollars for USD on eToroX will find a plethora of features designed for corporate and experienced traders such as round-the-clock trading, competitive fees, a credit line suited for spot trading, special orders, and other benefits that make eToroX a preferred exchange for trading Chiliz. You can find information on CHZ-USD, including up-to-date CHZ news, blogs, and analysis as well as CHZ USD charts and an easy-to-use CHZ USD converter for helping you determine the value and benefit of adding Chiliz to your investment portfolio.
Chiliz, founded in 2018, is the first company to develop a blockchain-based sports engagement and rewards website and app, called Socios. Built on its own blockchain and based on Ethereum, Chiliz has its own on-platform token, also called Chiliz (CHZ). The Chiliz blockchain doesn’t rely on proof-of-work (PoW) or proof-of-stake (PoS) consensus, but rather on Proof of Authority (PoA), which builds new blocks based on the reputation of recognized validators. The company, based in Malta, was initially conceived in 2016 by founder and CEO Alexandre Dreyfus and provides a platform for fans to engage with and even influence their favorite sports teams. This is done through fungible, limited Fan Tokens, which are bought or traded using CHZ tokens on the Socios app. The Fan Tokens can then be used by enthusiasts and “fans” to earn a variety of influencer rewards. Interestingly, CHZ can be traded on other crypto exchanges, as their high liquidity makes them an attractive asset. You can trade CHZ USD on eToroX.
You can buy crypto CHZ with USD on eToroX, which continues to expand its offering of tradeable assets. When it was released, Chiliz could be bought for just pennies, today, some two years after it was added to the market, CHZ-USD trades for much more by percentage, but its price is still under $1. CHZ’s high (as of mid-November 2021) was recorded at $.89. Still, its 52-week range (from mid-Q4 2021) stands at $.0101-.8772. The token has done well, with a market cap of $3 billion and a circulating supply of close to 6 billion Chiliz, some 67% of its total supply.
When investing and trading Chiliz on eToroX, you will be able to take advantage of all of eToroX’s trading tools as well as eToroX’s highly competitive fee structure. There are no fees on deposits and withdrawal fees are kept low across the expanding range of crypto assets, including CHZ-USD. It is important to remember that in this pair, Chiliz is the base currency, and the US dollar is the quote currency. The base currency is always quoted as one unit, in this case, it is 1 CHZ. The other side of the pair, the quote currency, is the side whose prices move up and down. Therefore, when quoted CHZ USD at $.60, you would be able to buy 1 Chiliz token for 60 cents in US dollars.
The above content is for informational purposes only and should not be construed as financial or any other type of advice. All trading involves the risk of capital loss. Digital Assets trading also involves additional special risks not generally shared with official currencies, goods, or commodities. For more information on the risks please refer to our Risk Disclaimer.