CryptoWorld News reports that Chiliz has announced the launch of a World Cup fan token burn plan called “Burn to Glory,” aimed at gradually burning up to 10% of the fan tokens held by the treasury based on the participating national team’s victory in matches. The plan covers fan tokens related to Argentina ($ARG), Belgium ($BELG), Portugal ($POR), South Africa ($SAFA), and Scotland ($SFA). After each match victory, the tokens in the treasury reserve will be permanently burned, and the burn ratio will increase as the team advances in the tournament. Chiliz CEO Alexandre Dreyfus said this event will be the first time that blockchain supply mechanisms are directly linked to sports performance in a major international event.

CHZ1.14%
ARG0.44%
POR1.15%
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NeverGiveUpWhenYou'reDownInThe
· 50m ago
Are these just a few teams? So few.
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NeverGiveUpWhenYou'reDownInThe
· 6h ago
It feels like gambling on sports betting. Win and destroy, so does losing mean a sharp decline?
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GateUser-e6dafce6
· 6h ago
10% burn cap, how much is burned for winning one match in the group stage? Double in the knockout stage? I haven't fully understood the detailed rules yet.
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0xSideQuest
· 7h ago
This gameplay in Chiliz is interesting; sports performance is directly linked to on-chain burning, which is much better than simple airdrops.
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GateUser-818d3026
· 7h ago
$ARG冲!Argentina wins the championship, my tokens become scarce
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