Will there be additional issuance of chz coins?

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?

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.

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