Azbit Azbit AZ
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Price
0.00000607 USD
% Change
17.35%
Volume
18.2K USD

Azbit AZ: Coin Burn

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Weekly token destruction is carried out to support the price of the existing AZ. Azbit team will eliminate native coins from circulation until 10% of the initial token supply remains on the market.

Event date: September 28, 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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