Azbit News
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Azbit News

Weekly AZ Burn Completed

Azbit has destroyed 32,448,108.95 AZ from the project’s net profit in its 31st weekly burn. To date, the number of native coins eliminated from circulation reaches 13,489,310,548.17.

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 September 21, 2020.





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