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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.
azbit.news
@azbit_news
@azbit_news
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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Azbit
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