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Azbit AZ: Coin Burn
The weekly burn is carried out to support the price of the existing AZ. Azbit team will eliminate tokens from circulation until the amount of AZ is reduced to 13,888,888,888 (i.e. 10% of the initial supply).
Event date: November 16, 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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