Azbit AZ: Coin Burn
The burning 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: December 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.
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Azbit has now completed its 42nd weekly burn of 61,234,181.12 AZ, thus increasing the number of destroyed tokens to 13,795,006,863.44.
Proof ⬇️
etherscan.io
✅ The next burn is scheduled for December 7, 2020.
The event is about to begin
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