Azbit News
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Azbit News

34th Weekly Burn Took Place

Azbit has now completed its 34th weekly burn of 20,774,919.90 AZ. To date, the number of native tokens eliminated from circulation reaches 13,552,692,334.65.

Azbit burns native coins according to the overall trading volume in order to support the price of the existing AZ. The procedure will take place every week until 125,000,000,000 AZ (i.e. 90% of the initial supply) are permanently destroyed.

The next AZ burn is scheduled for October 12, 2020. Upon completion of the procedure, we will provide you with a similar report on Azbit social media. Stay tuned!




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