$0.082
1.8%
$
24h Range
$
Market Cap
$0
Fully Diluted Valuation
$114,842.1
24 Hour Trading Vol
$146.37
Circulating Supply
0
Total Supply
1,405,604.7
Max Supply
0
Wrapped Chiliz Price
$0.082
24h Range
$undefined - $undefined
Percent Change 1h
0%
Percent Change 24h
1.8%
Percent Change 7d
-0.29%
All-time high
$0.169
All-time low
$0.043
1D
7D
1M
1Y
Wrapped Chiliz (WCHZ) is a tokenized version of Chiliz (CHZ) that operates on the Ethereum blockchain, enabling interoperability with decentralized finance (DeFi) applications and other Ethereum-based services. Chiliz itself is a blockchain platform that focuses on the sports and entertainment sectors, providing fans with the ability to engage with their favorite teams through tokenized voting and rewards. Wrapped Chiliz allows users to utilize their CHZ in a broader ecosystem, enhancing liquidity and facilitating smart contracts.
Wrapped Chiliz is developed by the same team behind Chiliz, founded by Alexandre Dreyfus in 2018. Dreyfus, a serial entrepreneur, aimed to create a platform that empowers sports fans by allowing them to buy, sell, and trade fan tokens. The Chiliz project has gained significant traction, partnering with major sports organizations and leagues, further establishing its presence in the blockchain space.
Wrapped Chiliz works by utilizing the ERC-20 standard on the Ethereum blockchain, meaning WCHZ is pegged to the value of CHZ at a 1:1 ratio. To create WCHZ, users can deposit their CHZ into a smart contract, which then mints an equivalent amount of WCHZ. This process is reversible, allowing users to convert WCHZ back into CHZ by redeeming it through the smart contract. This mechanism increases the utility of CHZ by enabling its use in decentralized applications (dApps) and DeFi platforms, allowing users to earn yields or trade in liquidity pools.
Keeping your Wrapped Chiliz (WCHZ) secure involves several best practices:
Investing in Wrapped Chiliz (WCHZ) or any other cryptocurrency involves several steps:
1. Choose a Reliable Exchange: Select a reputable cryptocurrency exchange platform like Coinbase, Binance, or Okx. These platforms allow you to buy, sell, and trade cryptocurrencies.
2. Create an Account: Sign up for an account on your chosen exchange by providing the necessary personal information and completing the verification process.
3. Fund Your Account: Deposit funds into your exchange account using various methods like bank transfers, credit/debit cards, or wire transfers.
4. Buy Wrapped Chiliz: Once your account is funded, you can purchase Wrapped Chiliz directly from the exchange. Choose the desired amount and complete the transaction.
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Wrapped Chiliz (WCHZ) is currently trading at $0.082 and exhibits good potential for future growth. Check the latest Wrapped Chiliz (WCHZ) price prediction.
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