Spain triggers biggest Chiliz fan token burn of the World Cup

Spain has recorded the largest fan token burn of the FIFA World Cup 2026 after more than 1.16 million SPAIN Fan Tokens were permanently removed from circulation following the team’s quarter-final victory. Summary Spain burned 1.16 million SPAIN Fan Tokens after defeating Belgium in the World Cup quarter-finals. The Burn to Glory campaign has now removed nearly 3 million SPAIN tokens from circulation. Chiliz and LBank expanded fan token trading with new futures products and live trading competitions. According to Chiliz, Spain’s 2-1 win over Belgium triggered the destruction of 1,161,234 SPAIN Fan Tokens under its Burn to Glory campaign, reducing the token’s total supply to 27.25 million. The company said the burned tokens were worth about $649,050 and pushed Spain to the top of the tournament’s burn leaderboard with nearly three million tokens removed so far. 🇪🇸 𝐁𝐔𝐑𝐍 𝐂𝐎𝐌𝐏𝐋𝐄𝐓𝐄: -1,161,234 $SPAIN@FanTokens™ $649,050 worth of $SPAIN@FanTokens™ gone forever. Next burn opportunity: 🇪🇸 Spain vs 🇫🇷 France on July 14. pic.twitter.com/VSC5eXK8tl — Chiliz – The Sports Blockchain (@Chiliz) July 12, 2026 With Spain now through to the semi-finals as the first World Cup affiliate among Chiliz’s national team partners, another victory over France would take the cumulative burn above the three million token milestone, according to the campaign’s mechanics. Spain extends its lead in Chiliz’s Burn to Glory campaign Burn to Glory ties token burns to on-field success, permanently removing part of a participating national team’s fan token supply after qualifying wins. Spain has benefited the most from the mechanism during this year’s tournament, while Belgium remains second on the leaderboard despite leaving the competition. Chiliz said Belgium’s quarter-final defeat did not change its standing as the second-largest contributor to the campaign, with about 870,000 BELG Fan Tokens already burned during the World Cup. You might also like: Aave adopts Chainlink CCIP as default engine for cross-chain actions Argentina has also continued climbing the rankings after beating Switzerland to reach the final four. According to Chiliz, a total of 160,000 ARG Fan Tokens have been burned across the tournament. The company added that Argentina’s treasury burn allocation will increase from 5% to 7.5% as a result of its semi-final qualification. Portugal, which exited after losing to Spain in the Round of 16, also took part in the campaign. Chiliz reported that 208,000 POR Fan Tokens were permanently removed before the team’s elimination. Fan token trading expands beyond tournament results Alongside the burn campaign, Chiliz has continued adding trading features around fan tokens as interest in the World Cup ecosystem grows. Crypto exchange LBank has introduced perpetual futures for Argentina and Portugal fan tokens while announcing plans to list futures contracts for several major football club tokens.