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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: August 24, 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.
The event is about to begin
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Azbit
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