Dear friends,
Azbit has completed its 36th weekly burn of 7,873,670 AZ. 69,708,942,378.1 AZ have already been burned to date. The total supply of AZ tokens has decreased from 138,888,888,888 to 69,179,946,509.9, which is 49.8096% 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).