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Azbit AZ: Coin Burn
Azbit team repurchases AZ from the open market on a daily basis. These tokens are burned twice a month (to avoid daily withdrawal commissions), on 1st and 15th.
Event date: March 1, 2021 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 executes 3rd buy-back and burn!
AZ BURN STATS:
🔥 Azbit Exchange: 20,163,437.12 AZ
🔥 Hotbit Exchange: 17,231,359 AZ
🔥 BW Exchange: Temporary no burn
🔥 Yobit Exchange: 18061673.31 AZ
Total: 55,456,469.43 AZ
✅ The next #Azbit token burn will occur on March 1, 2021.
The event is about to begin
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