The Chiliz ($CHZ) spot market is now live on Helix! This also marks the first time Chiliz ($CHZ) has become available within the Injective and broader Cosmos ecosystem.
You can now trade $CHZ spot market with market and limit orders on Helix, the premier on-chain derivatives exchange built on Injective. Read more below to find out more about Chiliz, the benefits of trading $CHZ on Helix, and a step-by-step guide on how to bridge $CHZ and trade.
Get started here: https://helixapp.com/spot/chz-usdcet
What Is Chiliz (CHZ)?
Founded in 2018, Chiliz is the global blockchain technology business for the Web3 sports and entertainment industry and the creator of Fan Tokens and the Socios.com fan engagement and rewards app. Fan Tokens are fungible, scalable utility tokens that allow sports teams to connect with and reward their global fanbases on Socios.com. In late 2022, Chiliz announced the launch of Gameused.com, a new, end to end memorabilia authentication service for sports and entertainment, delivering storage, NFC and NFT authentication, redemption and resale. Chiliz will soon open its ecosystem to a far wider audience with the launch of Chiliz Blockchain. Chiliz Blockchain will lead to greater adoption of blockchain tech across sports and entertainment with brands invited to build Fan Tokens, NFTs and other digital assets with all fees paid in Chiliz native token $CHZ. Chiliz has over 300 employees and regional headquarters in Miami, Madrid, Malta, London, Istanbul, Milan, Sao Paulo and Switzerland.
Why Trade $CHZ on Helix?
With a diverse array of upgrades and advanced enhancements, Helix is the only truly decentralized derivatives exchange. Helix provides completely unmatched exchange, advanced order types, a brand new Convert interface, trading histories, and reward tracking to Injective users. Anyone can use Helix as a crypto cross-chain trading gateway with zero gas fees, best-in-class security, and lightning-fast speeds.
Helix is the first platform to support Chiliz ($CHZ) trading within the Cosmos ecosystem alongside maker fee rebates and rewards, and new ways to earn with every trade.
CHZ-USDC Market Details
- Base asset: CHZ
- Quote asset: USDC
- Minimum tick size: $0.0001 USDC
- Minimum quantity step: 1
- Trade and earn multiplier: 1X maker pts; 1X taker pts
- Fee: -0.01% maker fee; 0.1% taker fee
- Trading hours: 24/7/365
How to Trade $CHZ on Helix?
In order to trade the CHZ spot market on Helix, you will need to have either CHZ or USDC in your Trading Account. The first step is to bridge assets from the Ethereum network to Injective.
Option 1: Bridge $CHZ from Ethereum to Injective
- Connect your Ethereum wallet (e.g. MetaMask, Ledger, Torus, Trezor) and make sure it has a CHZ balance;
- Go to the Account page on Helix and click “Deposit”;
- Select Ethereum or Ethereum (Wormhole) in the dropdown menu and select $CHZ as the token you want to bridge;
- Click the “Set Allowance” button, which allows the bridge contract to use your $CHZ for the transfer; this will prompt you to sign a transaction via MetaMask or another wallet;
- Note that you need to pay a small amount in ETH gas fees to bridge tokens from Ethereum (but don’t worry there won’t be any gas fees on Injective!). Click “Confirm” to continue;
- Enter the amount of $CHZ you want to bridge over and click “Transfer Now”;
- After a few minutes, the transaction will be completed;
- You can check your $CHZ balance via the Injective Wallet or Account page on Helix.
Option 2: Onboard with Fiat
- You can also onboard onto Helix using popular fiat currencies by selecting from one of the fiat on-ramp providers such as Kado, Transak or Payfura.
- Choose your payment currency (e.g. USD) and enter the amount in fiat you would like to swap;
- Select Injective as the network to receive your payment amount;
- Follow the instructions and continue the steps;
- Once the transaction is completed, you will see the USDT or INJ balance on Injective Wallet or Account page under Helix;
- Swap INJ to USDC by using the Swap feature if needed.
Trade CHZ/USDC on Helix
After you successfully bridge over your CHZ or USDC assets to Injective, you are ready to trade!
- Go to the CHZ/USDC spot market on Helix;
- Click “Transfer to trade” on the left side of your page, to transfer assets from your Injective Wallet to the Trading Account;
- Choose either CHZ or USDC, and enter the amount you want to transfer;
- Now you can buy CHZ using USDC, or sell CHZ to get USDC;
- On Helix, you can choose the type of order, either Market or Limit order. You can also place a stop-loss order;
- Enter the amount you want to Buy or Sell, submit your order and approve it with your wallet;
- Once the order is approved successfully, you will see a notification “Your order has been placed.”
Upcoming Listings
Moving forward, Helix will continue to expand the markets available for users. All community members can propose to bring new assets to Helix using the governance portal on the Injective Hub. Ultimately, all INJ token holders own Injective so the community has the power to bring new assets to the dApp ecosystem.
Stay updated on all new listings by joining Helix on Twitter and Telegram!
Useful Resources
- How to create your Injective wallet: Link
- Onboard onto Injective instantly with fiat: Link
- Transfer assets to Injective via Injective Bridge: Link
- A quick guide on how to make a trade on Helix: Link
- Trade and Earn on Helix: Link
- Earn trading fee discounts by staking INJ: Link
This article is for informational purposes only and is not financial advice or an endorsement of a particular project or application. Use of Helix is subject to Helix's Terms and Conditions.
About Helix
Helix is the premier decentralized crypto exchange. Helix provides access to unlimited crypto assets and perpetual markets with market leading rebates. Best-in-class security, near zero fees, lightning fast speeds, cross-chain capabilities and a fully on-chain orderbook on Helix provide the optimal gateway to bring crypto trading to the masses. Helix is built on Injective, the interoperable layer one protocol for building powerful exchange, DeFi, derivatives & Web3 applications.
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About Injective
Injective is a lightning fast interoperable layer one blockchain optimized for building the premier Web3 finance applications. Injective provides developers with powerful plug-and-play modules for creating unmatched dApps. INJ is the native deflationary scarce asset that powers Injective and its rapidly growing ecosystem. Injective is incubated by Binance and is backed by prominent investors such as Jump Crypto, Pantera and Mark Cuban.
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About Chiliz
Founded in 2018, Chiliz is the global blockchain technology business for the Web3 sports and entertainment industry and the creator of Fan Tokens and the Socios.com fan engagement and rewards app. Fan Tokens are fungible, scalable utility tokens that allow sports teams to connect with and reward their global fanbases on Socios.com. In late 2022, Chiliz announced the launch of Gameused.com, a new, end to end memorabilia authentication service for sports and entertainment, delivering storage, NFC and NFT authentication, redemption and resale. Chiliz will soon open its ecosystem to a far wider audience with the launch of Chiliz Blockchain. Chiliz Blockchain will lead to greater adoption of blockchain tech across sports and entertainment with brands invited to build Fan Tokens, NFTs and other digital assets with all fees paid in Chiliz native token $CHZ. Chiliz has over 300 employees and regional headquarters in Miami, Madrid, Malta, London, Istanbul, Milan, Sao Paulo and Switzerland.