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Azbit News

Weekly AZ Burn Completed

Dear friends,
We are glad to inform you that the 44th weekly burn has been completed in accordance with the schedule. This time, 31,634,536.09 AZ tokens from the project’s net profit were sent to an unspendable address.

The team is eliminating AZ from circulation in order to slow the rate of coin inflation. The burning procedure will take place every week until 10% of the initial token supply remains on the market.

The next burn is scheduled for December 21, 2020. Stay tuned for more news and updates from Azbit!

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