Home > web3.0 > Will there be additional issuance of chz coins?

Will there be additional issuance of chz coins?

尊渡假赌尊渡假赌尊渡假赌
Release: 2024-05-07 10:39:03
Original
1147 people have browsed it

No, CHZ coins will not be issued additionally. The Chiliz team has stated that it has no plans to increase the total supply of CHZ coins (fixed at 8.888 billion coins). Instead, Chiliz reduces the supply through buybacks and burns to increase the token’s value and scarcity.

Will there be additional issuance of chz coins?

Will there be additional issuance of CHZ coins?

Answer: No, CHZ coins will not be issued additionally.

Detailed explanation:

CHZ coin is the native token of the Chiliz blockchain platform. The platform aims to provide blockchain solutions for the sports and entertainment industry. The total supply of CHZ coins is fixed at 8.888 billion coins, of which more than 6 billion are already in circulation.

The Chiliz team stated that there are no plans to increase the supply of CHZ coins. This is because the supply of CHZ coins has been carefully designed to ensure the scarcity and value of the token. Increasing the supply will dilute the value of the token and compromise its role as the platform’s utility token.

Instead, Chiliz reduces the supply of CHZ coins by buying back and destroying them. The company has conducted buybacks multiple times and says it will continue to do so to increase the value of CHZ coins.

Therefore, CHZ coin holders can rest assured that the supply of the token will not be diluted. This helps ensure the long-term value and utility of CHZ Coin.

The above is the detailed content of Will there be additional issuance of chz coins?. For more information, please follow other related articles on the PHP Chinese website!

Related labels:
source:php.cn
Statement of this Website
The content of this article is voluntarily contributed by netizens, and the copyright belongs to the original author. This site does not assume corresponding legal responsibility. If you find any content suspected of plagiarism or infringement, please contact admin@php.cn
Popular Tutorials
More>
Latest Downloads
More>
Web Effects
Website Source Code
Website Materials
Front End Template