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Azbit AZ: Coin Burn
The token destruction procedure is carried out to support the price of the existing AZ. Token burn will take place every week until 10% of the initial supply remains on the market.
Event date: June 1, 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
The supply of #AZ gets smaller over time: #Azbit has destroyed 26,876,149.58 tokens from the project’s profit in its 15th weekly burn.
Proof👇
etherscan.io
✅The 16th AZ burn is scheduled for June 1, 2020.
AZ Price Changes After Event Publication
9.37%
1 day
9.51%
2 days
74.30%
Now (Added 4 years ago)
The event is about to begin
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Azbit
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