In February 2026, Chiliz redirected 10% of all Fan Token revenue into open-market CHZ buybacks and burns. After five years as a pure inflation token, CHZ is now a deflationary asset.
Astra Research Apr 2026
TL;DR · The Allocator's 60-Second Read
FEB '26Catalyst: Chiliz committed 10% of all Fan Token revenue to open-market CHZ buybacks and burns.
17.1MExecuted: CHZ permanently removed in 60 days, scaling 50x above the prior gas-only baseline.
+50%Rerate: CHZ rerated within two months as the market priced in the deflationary regime.
2030Crossover: Projected year of net deflation under Astra Research's central case.
Price
$0.0492
+25% YTD
Market Cap
$508M
Top 100
Circulating Supply
10.33B
+3.4% YoY
Burned (Apr '26)
9.2M
≈ $452K
01 · THE CATALYST
Feb 2026: the moment CHZ flipped
Catalyst: February 2026 announcement redirecting 10% of all Fan Token revenue into open-market CHZ buybacks and burns.
Mechanism: Fan engagement now translates directly into CHZ supply reduction.
Result: Chart below maps the announcement (Feb), first burn (Mar), and price reaction.
The flywheel, end to end
BEFORE
CHZ inflated 8.8%
No burn, no buyback. Pure issuance.
FEB 2026
Tokenomics 2.0 announced
10% of FT revenue buys CHZ from market
MAR 2026
First burn executed
7.9M CHZ removed in month one
TODAY
Flywheel is live
Supply shrinking with every transaction
$CHZ · LIVE PRICE
Chiliz / USD
$0.0000+0.0%over 30D
Spot price live from CoinGecko, refreshed on every page load.
Toggle 180D or MAX to overlay the announcement and first burn directly on the price chart.