Weekly AZ Burn Completed
Azbit has conducted its 28th weekly burn, amounting to 23,880,991.15 AZ. To date, the number of native coins eliminated from circulation reaches 13,389,793,323.23.
Weekly token burn is carried out to support the price of the existing AZ. Azbit team will continue to destroy AZ based on profits until 10% of the initial token supply remains on the market.
The next AZ burn is scheduled for August 31, 2020.