How many additional chz coins are issued every year?
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- 2024-05-07 10:22:05726browse
An additional 1.2 billion CHZ coins are issued every year. The distribution mechanism includes: 1. Team allocation: 400 million coins; 2. Ecosystem development: 800 million coins. Purpose of additional issuance: 1. To motivate the team; 2. To promote the growth of the ecosystem; 3. To maintain the supply of tokens.
Annual additional issuance of CHZ coins
CHZ coin is the native token of the Chiliz blockchain platform, with 1.2 billion additional coins issued every year.
Additional issuance mechanism
CHZ’s additional issuance mechanism is divided into two parts:
- Team allocation: An additional 400 million CHZ will be issued every year and distributed to Chiliz team members.
- Ecosystem development: An additional 800 million CHZ will be issued each year to fund the development of the Chiliz ecosystem, including project development, community building and marketing activities.
Purpose of additional issuance
CHZ’s additional issuance is intended to:
- Incentivize the team: Reward the Chiliz team for their contribution to the development of the platform.
- Foster ecosystem growth: Fund promising projects and initiatives that drive the expansion of the Chiliz ecosystem.
- Maintain Token Supply: Steadyly increase the supply of CHZ every year to meet the growing demand of the platform.
Influence
The impact of additional issuances of CHZ on the price and supply of the token may vary depending on market conditions and demand. Additional issuance may dilute token holders, but it may also help drive the price higher if demand is high.
in conclusion
The annual issuance volume of CHZ coins is 1.2 billion, of which 400 million are used for team distribution and 800 million are used for ecosystem development. The additional issuance is intended to incentivize the team, promote ecosystem growth and maintain token supply.
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