Azbit AZ: Coin Burn
To date, the number of AZ has been reduced to 90% of the initial supply. Azbit team will eliminate native coins from circulation until 10% of the initial supply remains on the market.
Event date: May 25, 2020 UTC
What is coin (token) burn?
A coin (token) burn is a process of sending a certain amount of cryptocurrency to a public address that has unobtainable private keys. In the future, the sent coins cannot be spent, thus the coin burn leads to an overall decrease in the cryptocurrency circulating supply.
azbit.news
@azbit_news
@azbit_news
Azbit keeps reducing the supply of #AZ to support the price of our native coin. This time, 31,084,912.34 tokens from the project’s profit were taken out of the market.
Proof👇
etherscan.io
✅The 15th AZ burn is scheduled for May 25, 2020.
AZ Price Changes After Event Publication
5.26%
1 hour
6.54%
1 day
6.54%
2 days
71.76%
Now (Added 4 years ago)
The event is about to begin
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