Azbit AZ: Coin Burn
Every 7 days, Azbit token is burned to support the price of the existing AZ. The team will eliminate native coins from circulation until 10% of the initial token supply remains on the market.
Event date: June 15, 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 has destroyed 11,685,983.17 #AZ from the project’s profit in its 17th weekly burn.
Proof👇
etherscan.io
#Azbit team will eliminate tokens from circulation until 10% of the initial supply remains on the market.
✅The next burn is scheduled for June 15, 2020.
AZ Price Changes After Event Publication
4.32%
1 hour
12.88%
3 hours
12.62%
1 day
10.65%
2 days
72.27%
Now (Added 3 years ago)
The event is about to begin
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Azbit
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