Azbit News
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Azbit News

Azbit Executes 20th Weekly Burn

The supply of native tokens gets smaller over time: Azbit team has set in motion the burning procedure, thereby freeing up 20,217,412.88 AZ from circulation.

AZ token destruction is intended to limit the circulating supply and, consequently, to support the price of the native coin. The procedure will take place every week until 10% of the initial supply remains on the market.

The next AZ burn is scheduled for July 6, 2020.

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