CHZ · the mint stepped down, the burn does the rest.
CHZ is the gas and staking asset of Chiliz Chain, the sports and fan-token network — ~10.48B circulating, no cap, and fully unlocked since 2022. New CHZ comes from one place only: a per-block mint that decays a step every year.
Sell pressure. The mint printed ~154.1M CHZ over the window, and its yearly step on Jun 17 2026 cut the rate 16.5% — nothing else adds supply.
Buy pressure. The revenue-funded buyback burned ~28.9M CHZ across two burns, and the base-fee burn took another ~1.3M.
Net. About +1.18% to market, easing to +1.08% as the lower mint carries the whole of the next 90 days.
Chiliz Chain mints fresh CHZ in every block, on a pre-committed curve that decays a step each year. The year-3 step landed on Jun 17 2026 and cut the mint 16.5%, from 66.28 to 55.33 CHZ a block. The window caught both rates and produced 154.1M CHZ; the next 90 days run entirely at the lower one, about 143.1M. There is no cap — the curve keeps issuing and only decays toward a floor of 1.88% a year.
Nothing is vesting. The 2018 token sale, the team, advisor, reserve and marketing allocations all finished releasing in 2022, and no cliff is left anywhere in the cap table.
Two project allocation wallets take fixed 10% and 25% cuts of every block's mint and spend them back out. Both are nearly empty: the community vault holds 1.4M CHZ against 4.2M ninety days ago, and the ecosystem and operations wallet 2.0M against 37.9M. Those coins arrive as part of the mint already counted above and already sit inside the circulating total, so counting the outflow again would count the same CHZ twice. What is left in the two wallets — about 3.5M between them — is the whole team-controlled overhang, and it is small.
No bankruptcy estate, trustee schedule or court-ordered distribution touches CHZ.
Chiliz spends 10% of fan-token revenue buying CHZ on the open market and sends it to the burn address, where it is gone for good. Two burns cleared in the window — 4.66M CHZ on May 26 2026 and 24.29M on Jul 29 2026 — 28.9M in all, taking the programme's lifetime total to 49.1M. The July burn was by far the biggest yet, carried by World Cup fan-token volume, so the pace ahead depends on revenue holding up.
Every transaction destroys its base fee. Chiliz Chain is cheap and quiet, so the burn is genuine but small — about 1.3M CHZ over the window, roughly half a CHZ per block. It grows with network use, not with price.
No open-market CHZ buying by the project outside the burn programme was disclosed in the window — monitored.
No new lockup or escrow programme was announced. CHZ staking is delegated and unbonds on request, so it delays a sale rather than taking supply off the market.
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