Weekly AZ Burn Completed
The supply of native coins gets smaller over time: Azbit has destroyed 22,397,467.21 AZ from the project’s net profit in its 39th weekly burn.
The weekly burn is carried out to support the price of the existing AZ. Azbit team will eliminate tokens from circulation until the amount of AZ is reduced to 13,888,888,888 (i.e. 10% of the initial supply).
The next AZ burn is scheduled for November 16, 2020. Upon completion of the procedure, we will provide you with a similar report on Azbit social media. Stay tuned!