Dear Chiliz.net Exchange User,
We are glad to reveal the $CHZ Token Economics 2.0.
- 20% of the Net Trading Fees of Chiliz.net Exchange collected in $CHZ will be burnt*
- 10% of the Net Proceed of the Fan Token Offering (FTOs) from Chiliz.net platform collected in $CHZ will be burnt* + 3 months lock on collected $CHZ.
- 20% of the Net Proceed of NFT & Collectibles issued by $CHZ will be burnt*
These terms are valid till 30th of June 2020, when they will be reviewed to fit the company's strategy and feedback from the community.
The burning mechanism or equivalent will be disclosed in the first 2 weeks of each quarter.
*burnt. As the $CHZ Smart Contract does not allow direct burning of ERC20 tokens, the "burnt" tokens will be sent to a blackhole address.