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Azbit AZ: Coin Burn
As a Monday tradition, Azbit burns native tokens according to the overall trading volume in order to support the price of the existing AZ. The procedure will take place every week until the number of AZ coins is reduced to 13,888,888,888 (i.e. 10% of the initial supply).
Event date: September 7, 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 24,734,817.92 #AZ from the project’s net profit in its 29th weekly burn.
Proof ⬇️
etherscan.io
✅ The next AZ burn is scheduled for September 7, 2020.
The event is about to begin
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