Azbit Project: Big Annual News & Buy-back Plan
Traditionally, the last weeks of the passing year are the time to take stock. These 12 months have been intense, and now the team has something to be proud of: we launched the improved Azbit 2.0, got listed on CoinMarketCap major catalog, created AzPlay platform, developed Crypto2Cloud service, hit an all time high daily trading volume ($15,000,000), and released the long-awaited Staking Service.
Azbit project has been working for 3 years, and it was a trying time for the industry: many ICO projects have long been closed or have sunk into oblivion. While we keep working for you and are not going to stop! This is our common achievement, because it was your support that helped us go further.
Azbit management took a number of decisions that are important for the further growth and development of the project:
- From December 18 to December 22, we will check and verify KYC applications for the bounty campaign.
- The team will start bounty payouts on December 22 (instructions will be provided shortly).
- In order to give impetus to the rapid growth of AZ price, it was decided to cancel ICO bonuses. The site http://token.azbit.com/ will be closed. This solution is beneficial for everyone.
- From now on, we are canceling the traditional Weekly AZ Burn. It will be replaced with a full-fledged buy-back and burn procedure, which will be carried out twice a month.
Buy-back and burn: how would it work?
Twice a month, on the 1st and 15th, the team will use part of the project’s revenues to purchase AZ from the market and then destroy them in order to create ever growing scarcity in the token supply and increase the price of AZ. The repurchasing will occur simultaneously and proportionally on 4 cryptocurrency exchanges: Azbit (AZ/USDT), Hotbit (AZ/BTC), Yobit (AZ/ETH), BW (AZ/USDT).
The first buy-back and burn procedure will take place on the New Year’s Day (January 1, 2021)!
But that is not all. A number of additional procedures are planned to strengthen the price of the native token. The team will make every effort to increase AZ value in 2021!
We are honored that you have chosen to support us. It is priceless.
Stay with us, there is a lot of good news ahead.