Topic: [ANN][AAB] AAX - The World’s First Digital Asset Exchange by LSEG Technology - page 7. (Read 1615 times)
March 30, 2020, 08:33:24 AM
Seem a very huge project must have good volume when its up. Its just that they are doing the sale on their own not on exchange like Okex or Binance.
Did you guy even tried to make a deal with real exchange first for traders to have an assurance that this token will be traded in real exchange not just to the AAX? There'd will be no pressure to the team if its done this way.
March 30, 2020, 07:44:14 AM
AAB can be used to:
- enjoy up to 50% discount on all spot and futures trades;
- unlock exclusive services and facilities, trading bots, trading signals, and other premium offerings;
- maximize returns on lending, saving and staking products, and borrow at a discount;
- gain access to AAX’s unique financial products and programs.
10 million AAB, or 20% of the total supply, will be made available for public sale through a series of discounted flash sales.
- enjoy up to 50% discount on all spot and futures trades;
- unlock exclusive services and facilities, trading bots, trading signals, and other premium offerings;
- maximize returns on lending, saving and staking products, and borrow at a discount;
- gain access to AAX’s unique financial products and programs.
10 million AAB, or 20% of the total supply, will be made available for public sale through a series of discounted flash sales.
Do you have KYC for all levels of withdrawals?
And I noticed from the below list, you are not including doge yet?
https://aax.zendesk.com/hc/en-us/articles/900000231846--Announcement-AAX-Minimum-Withdrawal-Amount-and-Withdrawal-Fee-Lowered
You are required to successfully complete KYC Level 1 on AAX Platform by providing truthful, accurate and updated information about yourself, including your real name, genuine identification documents and proof of address and selfie photograph.
Yea, sorry, we are not included DOGE yet.
Hey, when will the token sale begin?
Hello, it starts April 14 and has 3 stages with different bonuses. First and second stages has 50% bonus.Hey, when will the token sale begin?
Hello, it starts April 14 and has 3 stages with different bonuses. First and second stages has 50% bonus.AAX is committed to connecting crypto to global finance and tap into multi-trillion dollar traditional markets including forex, commodity, stock, and real estate, by way of its listing strategy and unique instruments.
March 30, 2020, 07:25:12 AM
AAB can be used to:
- enjoy up to 50% discount on all spot and futures trades;
- unlock exclusive services and facilities, trading bots, trading signals, and other premium offerings;
- maximize returns on lending, saving and staking products, and borrow at a discount;
- gain access to AAX’s unique financial products and programs.
10 million AAB, or 20% of the total supply, will be made available for public sale through a series of discounted flash sales.
- enjoy up to 50% discount on all spot and futures trades;
- unlock exclusive services and facilities, trading bots, trading signals, and other premium offerings;
- maximize returns on lending, saving and staking products, and borrow at a discount;
- gain access to AAX’s unique financial products and programs.
10 million AAB, or 20% of the total supply, will be made available for public sale through a series of discounted flash sales.
Do you have KYC for all levels of withdrawals?
And I noticed from the below list, you are not including doge yet?
https://aax.zendesk.com/hc/en-us/articles/900000231846--Announcement-AAX-Minimum-Withdrawal-Amount-and-Withdrawal-Fee-Lowered
March 30, 2020, 06:23:41 AM
AAX Launches Native Exchange Token AAB, Connecting Crypto To Global Finance
HONG KONG, 30 March 2020 – AAX, the next generation crypto exchange that offers over-the-counter, spot, and futures trading, today announced the upcoming launch of its native exchange token, AAB.
On a mission to connect crypto to global finance, AAX is introducing a series of innovative financial instruments such as tokenized commodities, indices, Bitcoin dimension products, social trading programs, and security tokens. AAB enables traders to engage these novel instruments and to share in the growth of the exchange.
Compared to other exchange tokens, AAB is more aggressive in terms of the monetary policy that governs it. There will be daily buybacks and coin burns, funded by 100% of AAX’s earned trading fees. This will continue until half of the total supply of 50 million AAB is destroyed.
HONG KONG, 30 March 2020 – AAX, the next generation crypto exchange that offers over-the-counter, spot, and futures trading, today announced the upcoming launch of its native exchange token, AAB.
On a mission to connect crypto to global finance, AAX is introducing a series of innovative financial instruments such as tokenized commodities, indices, Bitcoin dimension products, social trading programs, and security tokens. AAB enables traders to engage these novel instruments and to share in the growth of the exchange.
Compared to other exchange tokens, AAB is more aggressive in terms of the monetary policy that governs it. There will be daily buybacks and coin burns, funded by 100% of AAX’s earned trading fees. This will continue until half of the total supply of 50 million AAB is destroyed.
March 30, 2020, 05:02:39 AM
AAX Exchange | AAB Token Flash Sale is live! | Whitepaper | AAX News & Insights | AAX Tribe
AAX – Where Crypto meets Global Finance
AAX is the world’s first digital asset exchange to be powered by LSEG Technology.
Launched in November 2019, AAX is the world’s first cryptocurrency exchange to be powered by LSEG Technology’s Millennium Exchange the same matching engine that powers London Stock Exchange. It is also the first of its kind to have joined London Stock Exchange Group’s (LSEG) Partner Platform.
Catering to retail and institutional investors, we operate spot, futures and over-the-counter markets across 50+ crypto spot pairs, derivatives, and fiat-to-crypto on and off ramps. AAX also offers perpetual futures contracts for major cryptocurrency pairs with BTC and USDT as the primary settlement currencies.
We make it as easy as possible for new investors to purchase and sell crypto for fiat. Our over-the-counter platform hosts institutional-grade liquidity providers, offering a simple way for our clients to move in and out of crypto.
This year, 2020, we are launching AAX’s native exchange token AAB – built to serve as a bridge between crypto and global finance.
To attract more capital into the digital asset world, we will roll out a set of unique financial instruments, and expand on tokenized commodities, perpetual contracts, options, indices, altcoins and security tokens.
AAX Token (AAB)
>> Purchase and Trade AAB now! <<
> Register your AAX account now with a 10% discount here! <
>> Purchase and Trade AAB now! <<
> Register your AAX account now with a 10% discount here! <
AAB is Digital Umami
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.
We like to think of AAB as digital umami – it adds that extra touch, that next-level flavor, that hard-to-define dimension – the missing piece that makes everything taste slightly better.
In total, 50 million AAB is to be issued as an ERC-20 token on the Ethereum blockchain, and it will initially be valued at 1 USDT each.
AAB: Utility & Access
Multi-tiered discount scheme
AAB is the primary currency for settling up to 100% of all trading fees on AAX.
- Baseline Discount
Trading fees settled in AAB are discounted at 20% - Portfolio Discount
For any percentage of a client’s portfolio allocated to AAB, a corresponding percentage is added to the client’s overall discount, up to a maximum discount of 50% - Clients can opt out of using AAB to settle their trading fees
1. Opting out means forfeiting the ‘Baseline Discount’;
2. Clients can still enjoy the ‘Portfolio Discount’ up to a maximum of 50%.
Optimized Wealth Management
AAB will be used to drive promotions across lending, borrowing, and other features.
- Lending
Adding 10% of AAB on top of the total loan collateral, will be rewarded with 1% extra interest on the total loan collateral - Borrowing
Clients who opt in to pay interest on loans with AAB will enjoy a 20% discount
Platform Upgrades
- Clients can use AAB to unlock special features and tools to optimize the trading experience
- Use AAB to unlock trading bots and trading signals
- AAB can be used to gain access to exclusive services and facilities, including increased API access rates, and FIX connectivity
- Clients who hold more than 100,000 USD worth of AAB can enjoy:
- Higher withdrawal and internal transfer limits;
- Early notifications around product upgrades, events, and promotions;
- Discounted custody services.
Pioneer Program
- AAB can be used to purchase social trading subscriptions to copytrade high-performing traders, as well as low-performing that can be copied in the reverse, with leverage;
- AAB is the only trading fee payment currency for engaging unique financial instruments, including index derivatives, a selection of tokenized commodities, and security tokens.
Daily Coinburns
Built for aggressive price action, AAB will benefit from daily buybacks and coinburns funded by 100% of all trading fees earned by AAX on its futures markets. Any AAB bought back from the market will be permanently destroyed and auditable on the blockchain. This process will continue until 50% of the total supply of AAB is destroyed.
To give an idea of what this implies:
AAX currently ranks 39th on contractmarketcap.com, between ErisX (51st) and Bakkt (36th). If we take the top 10 crypto derivatives exchanges by daily trade volume, we can see that daily volumes range between $1bn and $11.5bn on average.
Even if AAX were to secure a place at the lower end of the top 10, generating between $1bn to $3.5bn a day, with maker and taker fees averaging out to 0.05%, AAX’s buybacks and coinburns would still mean the destruction of $250k to $875k worth of AAB per day.
With AAX, we expect to generate $500m daily trade volumes by the end of 2020, break into the top 10 in 2021, with an average volume of $1.5bn, and then onwards to $4.5bn in 2022. There is no doubt that AAX’s daily buyburns will stimulate significant price action and present token holders with an opportunity to grow with AAX.
Spreading Wealth
Out of a total of 50 million AAB, we will gradually be distributing AAB as follows:
Public Offering
The initial listing price is 1 USDT per AAB. Out of a total of 50 million, 10 million AAB will be made available for sale in a series of four rounds according to the following schedule:
* After the completion of the lockup period, the purchased amount of AAB will be gradually unlocked, at a rate of 5% per day, over the course of 20 days.
In the 1st round:
- 50% off
500,000 AAB will be offered at a 50% discount to a maximum of 500 buyers who have successfully subscribed for participation. - Get your money back
250 participants from among those 500 buyers will get their AAB for free. Winners will be determined by way of random selection of a promotional code given to each participant. - 15 days lockup
Upon purchase, first round buyers are required to lock their AAB up for 15 days.
In the 2nd round:
- 50% off
500,000 AAB will be offered at a 50% discount to a maximum of 500 buyers who have successfully subscribed for participation. - Get your money back
250 participants from among those 500 buyers will get their AAB for free. Winners will be determined by way of random selection of a promotional code given to each participant. - 15 days lockup
Upon purchase, second round buyers are required to lock their AAB up for 15 days.
In the 3rd round:
- 9 million AAB will be offered for a total of 1 USDT each.
- Participants can trade immediately.
The Team
A hundred strong, with offices in Asia and Europe, AAX boasts a dedicated team that delivers high-quality products and services.
Advisors
AAX Latest News & Announcements
[Announcement] AAX Minimum Withdrawal Amount and Withdrawal Fee Lowered
[Announcement] Suspend of ZIL Deposit
AAX's API Update to Ver 2.0.4
AAX Coverage
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Referral link to register and buy AAB tokens on the AAX Exchange with 10% discount for 3 months:
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Referral code: KOmKEt9jlYpD
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