Weekly AZ Burn #26
Today is Monday, which means that the next batch of tokens has gone on fire: Azbit destroyed 21,578,440 AZ in its 26th weekly burn. 69,539,073,948.1 AZ have already been burned to date. The total supply of AZ tokens has decreased from 138,888,888,888 to 69,349,814,939.9, which is 49.9319% 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 March 27, 2023.
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