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AAX Token (AAB)

ICO

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.

IMPORTANT: By investing in this business you agree to our Disclaimer. All information including our rating, is provided merely for informational purposes. CryptoTotem does not provide investment advice.

Overview

Project industryExchanges & Wallets
Product typeEcosystem
FoundedHong Kong

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.

Details

Public sales: Apr 14, 2020 - May 31, 2020
Token supply: 50,000,000 AAB
Total tokens for sale: 10,000,000 AAB
Hard cap: 9,250,000 USD

Legal

Blockchain Platform: Ethereum
Country limitations: (a) Asia: Afghanistan, Cambodia; Myanmar; North Korea; Pakistan; (b) Europe, Middle East and Africa: Belarus; Botswana; Bosnia and Herzegovina; Burundi; Central African Republic; Democratic Republic of Congo; Egypt; Eritrea; Ghana; Guinea-Bissau; Iran; Iraq; Libya; Lebanon; Mali; Moldova; Syria; Somalia; Sudan, South Sudan; Tunisia; Zimbabwe; Crimea; Sevastopol; Yemen. (c) The Americas: USA [including all USA territories like Puerto Rico, American Samoa, Guam, Northern Mariana Island, and the US Virgin Islands (St. Croix, St. John and St. Thomas); the province of Quebec in Canada; Bahamas; Cuba; Haiti; Panama; Trinidad and Tobago; Venezuela
Registration country: Malta
Registration year: 2018

Token info

Ticker: AAB
Type: Utility-token
Token standard: ERC20
Token price in USD: 1 AAB = 1 USD
Accepted currencies: ETH
Bonus program:
1st round: 50% off
2nd round: 50% off
Token distribution:
Marketing Reserve - 10%
Ambassadors & Affiliates - 10%
Business Development - 10%
Public Offering - 20%
Research, Development & Team - 20%
Liquidity Provision Funds - 20%
Risk Reserves - 10%

AAX Token Roadmap

1
2020 Q1
  • USDT settled futures contracts
  • Additional fiat on and off-ramps
  • 2
    2020 Q2
  • Launch native exchange token, AAB
  • Wealth management, part 1:borrowing
  • Exchange token index futures contracts
  • Tokenized commodities:Gold
  • Stoploss/Takeprofit
  • 3
    2020 Q3
  • Wealth management, part 2:lending, staking
  • Bitcoin dimensions contracts
  • Additional indices
  • Multi-asset as collaterals for trading
  • Quarterly futures
  • 4
    2020 Q4
  • Margin trading
  • Options
  • AAB futures contracts
  • Social trading and trading bot
  • Project team

    Thor Chan
    Thor Chan
    Chief Executive Officer
    Michael Wong
    Michael Wong
    Chief Operating Officer

    Advisors

    Paul Jackson
    Paul Jackson
    Managing Director and APAC Leader, Kroll
    Mike Newell
    Mike Newell
    Ex-CTO of IG.com
    Jamie Khurshid
    Jamie Khurshid
    CEO, Match Financial Limited

    Social media

    AAX Token web-siteAAX Token RedditAAX Token MediumAAX TokenYouTubeAAX Token TelegramAAX Token BTCTalkAAX Token LinkedInAAX Token TwitterAAX Token Facebook

    MVP

    MVP URLApp storeGoogle Play

    User rating:

    5/5 ( 1 )
    2

    AAX Token rating

    8.2
    Claim admin rights for this project
    ICObenchNA
    ICOholderNAAAX Token (AAB) icoholder
    ICObench8.2 / 10AAX Token (AAB) icomarks
    AAX Token NEWS

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