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updated $0Market cap$71.87K
Volume 24h$41.96
Circulating supply69.75B50% of max 138.89B
Azbit (AZ) is the native token of the Azbit platform, a crypto project that combines exchange services, banking features, and investment tools in one ecosystem. In simple terms, AZ works as the internal currency of that ecosystem — it's used for fees, rewards, and accessing various platform features. The token trades under the ticker AZ.
Frequently asked questions
What is Azbit (AZ) and how is it different from Bitcoin?
Unlike Bitcoin, which is primarily a decentralized store of value, AZ is a utility token tied to the Azbit platform and its services. Its value and use cases depend on the ecosystem it powers rather than on pure speculation or payments. It's built on a token standard (standard 3), meaning it runs on an existing blockchain rather than its own network.
How does the technology behind Azbit work?
AZ is a token, not a standalone blockchain, so it relies on the underlying network's infrastructure and consensus mechanism to process transactions. Token standard 3 typically means compatibility with smart contract functionality, which enables transfers, balances, and integrations with wallets and exchanges. Users don't need to run any nodes — everything happens through standard token mechanics.
How is the supply of AZ issued?
The token was issued in a fixed amount at launch, as is typical for utility tokens on a token standard 3 platform. There's no mining involved — new coins aren't created over time like with Bitcoin. Any changes to circulating supply usually come from team allocations, vesting schedules, or burns rather than from ongoing emission.
How can I store and use AZ tokens?
Since AZ is a standard-3 token, it can be stored in any wallet that supports tokens on its host blockchain, including hardware and mobile wallets. On the Azbit platform itself, the token is used for trading, paying fees, and accessing ecosystem features. Always double-check the official site, https://azbit.com/, for the current list of supported wallets and services.