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Azbit News

Azbit Executes 10th AZ Burn

Dear Azbitians,

Today is Monday, which means that the next batch of tokens has gone on fire. This time, 52,198,844.12 AZ from the project’s profit have been taken out of the market (by the way, we can consider this a small ‘anniversary’ as the current weekly burn has become the 10th in a row).

Weekly token destruction is carried out to increase the value of existing AZ.

The team will continue to destroy native coins based on profit until AZ number is reduced to 13,888,888,888 (i.e. 10% of the initial supply).

Upcoming events:

  • April 22, 2020 (Wednesday) — Azbit 2.0 development update.
  • April 27, 2020 (Monday) — the next token destruction.

Stay home. Stay safe. Stay with us.

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