As part of our commitment to the Chiliz 2030 strategy, we continue to execute our vision of a “virtuous cycle” where the success of our Fan Token partners directly bolsters the Chiliz Chain ecosystem – below is the update on $CHZ burn and latest supply.
⚙️ How the Mechanism Works
The Chiliz 2030 strategy isn’t just a roadmap; it’s an economic engine. By linking the Fan Token economy directly to $CHZ, we ensure that every goal, every trade, and every fan engagement contributes to the scarcity of our native token.
The Formula is Simple:
We take 10% of all proceeds generated through Fan Token transactions and marketplace activities to execute $CHZ buy-backs from the open market. These tokens are then permanently removed from circulation (burned).
Why we do this: This mechanism aligns the interests of our 80+ sporting partners, the Fan Token holders, and the $CHZ ecosystem. As the Chiliz Chain grows, so does the impact of our deflationary efforts.
🛡️ Transparency & Proof
We believe in “don’t trust, verify.” You can track the burn transactions directly on the Chiliz Chain Explorer via the links below:
- Transaction Hash: 0x8a2408971ffd48381d3f3a218cbddcdcaa71ac294f0c1aeaeec1cee97a7a4320
- Burn Address: 0x0000000000000000000000000000000000000000
- Transaction Hash: 0x68059fb62539b3bfdf942b5e97751a8c36bc374aad682090250514f5a3f662e1
- Burn Address: 0x0000000000000000000000000000000000000000
