Chiliz Chain, the public blockchain focused on sports and entertainment, has announced plans to launch a US-based fan token in the coming months. The initiative, revealed on the X platform, includes a strategy to allocate 10% of the fan token's revenue towards repurchasing and burning CHZ tokens. This move is expected to enhance the value of CHZ by reducing its circulating supply, aligning with Chiliz's broader strategy to engage fans and bolster its ecosystem.