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Azbit AZ: Token Burn
Token burn is carried out to support the price of the existing AZ. The team will eliminate tokens from circulation on a weekly basis until the number of AZ is reduced to 138,888,888 (i.e. 0.1% of the initial supply).
Event date: April 3, 2023 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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