Chiliz confirms US rollout of fan tokens, with 10% of related revenue dedicated to CHZ buyback and burn to strengthen token value and scarcity.
Chiliz officially announced plans to introduce fan tokens in the United States within the next few months. The company’s statement specifies that 10% of revenue from these tokens will go toward repurchasing and burning CHZ, the platform’s native cryptocurrency. This move aims to reduce CHZ supply and potentially enhance its market value. Fan tokens will offer supporters opportunities to take part in team decisions, access exclusive rewards, and engage with sports clubs through blockchain technology.