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Azbit AZ: Coin Burn
Weekly token burn is carried out to support the price of the existing AZ. Azbit team will continue to destroy AZ based on profits until 10% of the initial token supply remains on the market. To date, the number of native coins eliminated from circulation reaches 13,389,793,323.23.
Event date: August 31, 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 conducted its 28th weekly burn, amounting to 23,880,991.15 AZ.
To date, the number of native coins eliminated from circulation reaches 13,389,793,323.23.
Proof ⬇️
etherscan.io
✅ The next AZ burn is scheduled for August 31, 2020.
The event is about to begin
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Azbit
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