Azbit Executes 25th Weekly Burn
As a Monday tradition, Azbit burns native coins based on trading volumes. This time, 26,017,994.05 AZ were turned into ashes.
The weekly burn is carried out to support the price of the existing AZ. Azbit team will eliminate native tokens from circulation until the amount of AZ is reduced to 13,888,888,888 (i.e. 10% of the initial supply).
The next AZ burn is scheduled for August 10, 2020. Upon completion of the procedure, we will provide you with a similar report on Azbit social media. Stay tuned!