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Azbit News

Weekly AZ Burn #2

Dear friends,
7 days ago Azbit team resumed the weekly token burn. This means that every Monday a new batch of tokens will be withdrawn from circulation forever.

This time, 32,843,800 AZ have gone on fire. The total supply of AZ has decreased from 138,888,888,888 to 69,750,302,117, which is 50.22% of the initial supply.

The procedure is aimed at reducing the number of AZ circulating on the market in order to support the price.
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 October 10, 2022.

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