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Azbit AZ: Coin Burn
AZ token destruction is intended to limit the circulating supply and, consequently, to support the price of the native coin. The procedure will take place every week until 10% of the initial supply remains on the market.
Event date: August 17, 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.
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Aug 9 11:12 (UTC)
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