Azbit AZ: Weekly Token Burn
Azbit team removes AZ tokens from circulation, reducing the total supply to support price and offset inflation. Token burn will take place every week until 10% of the initial supply remains on the market. To date, the number of coins eliminated from circulation reaches 13,636,442,628.15.
Event date: November 9, 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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As a weekly tradition, Azbit burns AZ according to the overall trading volume. This time, 20,812,302.38 native tokens have gone on fire.
Proof ⬇️
etherscan.io
✅ The next AZ burn is scheduled for November 9, 2020.
The event is about to begin
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