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Azbit News

Weekly AZ Burn #11

Dear friends,
Azbit has completed its 11th weekly burn of 9,489,760 AZ. The total supply of AZ tokens has decreased from 138,888,888,888 to 69,532,725,449.9, which is 50.06% of the initial supply.

Token burn is carried out to support the price of the existing AZ. The team will eliminate tokens from circulation on a weekly basis until the number of AZ is reduced to 138,888,888 (i.e. 0.1% of the initial supply).

The next AZ burn is scheduled for December 12, 2022.

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