42nd Weekly Burn Took Place
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.
As a Monday tradition, Azbit team burns native tokens according to the overall trading volume in order to support the price of the existing AZ. The 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).
The next burn is scheduled for December 7, 2020.