Chiliz to Burn 10% of Fan Token Revenue in $CHZ Buyback Program

The blockchain-based sports fan engagement platform will reduce $CHZ token supply by allocating one-tenth of Fan Token revenue toward buybacks and burns.

CHZ

Summary

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Terms & Concepts
  • Buyback and Burn: A process where a project repurchases its tokens and permanently removes them from circulation to reduce supply and potentially increase value.
  • Fan Token: A type of cryptocurrency that gives sports fans perks such as voting rights on club decisions or access to exclusive rewards.
  • Chiliz ($CHZ): A blockchain platform focused on sports and entertainment, powering fan engagement through tokenized experiences.