CHZ · one mint, one burn, and the mint still wins.

One mint, and it is the whole sell side. Chiliz Chain pays a fixed amount of new CHZ on every block, and that amount steps down once a year on a published decay curve that ends at a 1.88% forever rate. The step landed inside this window: on Jun 17 2026 the per-block mint fell from 66.28 to 55.33 CHZ, a cut of 16.5%. Reading the block reward directly at both ends of the window gives 151.4M new CHZ over 90 days, and the next 90 days run entirely at the lower rate, which is why the forward figure drops to 142.6M. The following step is not due until Jun 17 2027.

Nothing is vesting. CHZ finished its release schedule in 2022 and no cliff, tranche or linear stream falls inside the next 90 days. The arithmetic confirms it rather than taking a tracker's word: the counted float and the chain's own total supply are the same number, so there is no locked bucket left to release.

Nothing new reached the market. Two wallets are tracked, and both were read at each end of the window. The ecosystem and operations wallet fell from 16.96M to 2.44M CHZ and the community vault wallet rose from 1.00M to 2.26M, leaving 4.69M held between them today — about 0.04% of the float. Neither move is a second source of supply: these wallets are filled by fixed 25% and 10% shares of the very block mint already counted above, and both already sit inside the counted float, so booking their outflow again would count the same CHZ twice. If either balance falls between refreshes beyond what the mint puts in, the outflow lands here.

No bankruptcy estate, no trustee schedule and no long-term lock unwinding touches CHZ. Nothing was released from a lock inside the window.

The buyback fired twice inside this window, and both settlements were read on chain rather than taken from a report. Chiliz routes 10% of fan-token proceeds into open-market CHZ purchases and sends the coins to the chain's burn address, whose balance went from 20.11M to 49.06M CHZ over the 90 days. The two events were May 26 2026 for 4.66M and Jul 29 2026 for 24.29M, the second covering two months of revenue. The relay wallet that sent all three transactions held nothing at either end of the window, so the CHZ passed straight through from market purchase to destruction — bought, not shuffled between treasuries. Three more monthly settlements fall inside the next 90 days, so the forward figure holds at 28.9M.

Every transaction burns its base fee at protocol level. This burn leaves no trace at any address — the coins are destroyed rather than sent — so it was summed from the blocks themselves across three independent samples of the window, which agreed on about 0.5 CHZ a block. That is 1.3M CHZ over 90 days, real but small next to the mint. Gas is cheap on this chain, so the burn only bites when activity spikes.

No separate accumulation programme. The only CHZ the project buys is the revenue-funded buyback above, and every coin it buys is destroyed rather than warehoused — so there is no accumulation wallet sitting on a pile that could come back out later.

Staking on this chain is custody, not a lock, and governance is moving to shorten it further — a live proposal cuts the unstaking wait to two days. Nothing is held long enough to count, and no new lockup contract was deployed inside the window.