AAX Token (AAB)

More than a token, AAB is an integral part of AAX, providing special benefits to users, and a means to be part of the growth of the exchange. It is built to serve as a bridge between digital and traditional assets, retail and professional traders, takers and market makers, the exchange and its partners, and it will be deeply integrated with AAX’s upcoming products expansion.

Whitepaper

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Interest lvl

High

Updated: May 29, 2023

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User Rating

Highest

5/5 • 2 votes

Ticker

AAB

Type

Utility-token

Token standard

ERC20

FoundedHong Kong

Registration countryMalta

Registration year2018

What is AAX Token

As the crypto industry strides forward across technology, utility and regulation, the role of exchanges is vital in driving traction and participation.

AAX has raised the standards for integrity, security, and performance, delivering a trusted environment for retail and institutional investors alike - establishing a next generation digital assets exchange where crypto meets global finance.

Powered by London Stock Exchange Group’s LSEG Technology, AAX offers spot, futures and over-the-counter trading across 50+ crypto-to-crypto pairs, perpetual contracts, and fiat on and off ramps.

Over the coming months we will roll out new financial products that offer unique ways of engaging crypto and crossover markets, and AAX’s native exchange token, AAB, will provide access to these markets, and enable token holders to take part in the growth of the industry.

Serving as a bridge between crypto and global finance, AAB is a form of digital umami that brings that hard-to-define, but distinct extra dimension to trading with AAX. The token offers:

• A multi-tiered discount scheme

Settling trading fees with AAB is rewarded with a 20% discount, and a further discount is granted in proportion to how much AAB clients hold relative to their overall portfolio.

• Optimized wealth management

AAB will be used in special promotions that make lending, borrowing, staking, and saving, even more attractive.

• Platform upgrades

AAB can be used to unlock exclusive services and facilities, trading bots and trading signals, and other premium offerings.

• Pioneer program

AAB will be the key token to gain access to AAX’s pioneering financial products and programs, including index derivatives, tokenized commodities, security tokens, and social trading schemes.

A total of 50 million AAB will be gradually released to the market, with 20% made available for public sale in a series of discounted flash sale rounds.

To purchase AAB at a discount, traders will have to subscribe. Over the course of two rounds, starting from the 14th of April, 2020, 1 million AAB will be offered at a 50% discount. Based on a lucky draw, half of all buyers will get their deposits back and keep their AAB for free.