Daily Buy-back And Burn Update

Dear Azbitians,

Today is January 15th, 2021, which means that our 2nd buy-back and burn of AZ tokens is complete. The procedure just took place.

Important update to buy-back and burn scheme

Starting today, AZ token buy-backs will be conducted on a daily basis. As usual, part of the project’s revenues will be proportionately used to repurchase AZ at 4 exchanges — Azbit, Hotbit, Yobit and BW. Upon completion of the procedure, we will provide you with a daily report on Azbit News and Updates Telegram Channel.

Actual token burn will still be processed twice a month, on the 1st and 15th.

Let’s get to the today’s numbers:

• Azbit Exchange (AZ/USDT): 2,981,047 AZ were bought back, transaction time: 21:57:00
• Hotbit Exchange (AZ/BTC): 2,865,000 AZ were bought back, transaction time: 21:54:22
• Yobit Exchange (AZ/ETH): 1,850,629.25 AZ were bought back, transaction time: 21:55:25
• BW Exchange (AZ/USDT): 1,803,688.91 AZ were bought back, transaction time: 21:56:10

Now significant funds are spent on attracting new projects for listing, improving Coinmarketcap indicators, and developing new services. We hope that these measures will allow us to quickly increase the volume of token buybacks.

We will gradually increase daily buybacks according to our revenue growth. Next token burn will happen tomorrow.

Yours,
Azbit Team

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