AAX Crypto Exchange Token Launch Overview

Building unique financial instruments for both retail and institutional traders, AAX plans to pour traditional financial market sophistication into crypto markets. As the market continues to mature, institutional-grade platforms like AAX excite investors. It is a next-generation crypto exchange and the first one to use the same matching engine as London Stock Exchange. With this, it targets to direct more global capital from stock and gold markets to crypto markets.

 AAX - AAB Launch Overview

Currently, AAX brings its users spot, futures and over-the-counter (OTC) trading opportunity for over 50 crypto-to-crypto pairs. Apart from that, it offers perpetual contracts and fiat on and off ramping. The sophisticated set-up also supports perpetual contracts trading with up to 100x leverage. Additionally, it enables auto-liquidation and protects participants’ money with an Insurance Fund.

Previously, we covered AAX being granted license exemption by MAS.

Performance-focused exchange

With a stack of high-performance proven technology, the exchange is capable of handling institutional trading volumes with ultra-low latencies as low as 90 microseconds.

Besides, the platform operates on the cloud computing platform of Amazon Web Services. With a rigorous multi-tiered security approach, it is also a CCSS compliant exchange. And this ensures security and integrity of its hot wallets, cold wallets, multi-sig authentication, policies, and procedures.

In the near future, AAX plans to launch unique financial instruments to support the deeper engagement of global finance and crypto markets. Additionally, the platform intends to tumefy on perpetual contracts, tokenized commodities, options, indices, security tokens, and altcoins. But before all that can happen, AAX is launching its native AAB token this month.

Let’s take a  deep dive into the dynamics of this token that is deeply integrated with AAX’s current and forthcoming products.

AAB token launch            

In April, AAX is going to launch its native exchange token, AAB. AAB shall be issued as ERC-20 tokens on Ethereum blockchain and valued at 1 USDT each.

Precisely, it will provide platform users access to crypto and crossover markets adding an extra dimension to trading with AAX. Additionally, the AAB token holders will have a share in the exchange growth.

Token utility and features

As a platform utility token, AAB offers multiple benefits to the holders:

  • As the primary currency for the trading fees over AAX, it offers lucrative discounts to the users. All the trading fees paid using AAB attract a 20% baseline discount. Also, a maximum of 50% discounts for the client portfolios allocated to AAB.
  • AAB tokens will be key in driving promotions for lending and borrowing.
  • AAB holders can purchase social trading subscriptions.
  • For financial instruments like index derivatives, tokenized commodities, and security tokens, AAB is the only currency to pay trading fees.
  • Certain sophisticated tools and features can be optimized only using AAB.
  • AAB tokens will have further use in unlocking trading bots and signals.
  • Users holding AAB worth 100,000 USD or more can enjoy higher withdrawal limits, exclusive promotions, higher internal transfer limits, and more.
Learn more about AAX and Sign Up here!
Token distribution

The platform will be distributing a total of 50 million AAB over a span of 5 years, starting April 14. The token distribution will take place as per the below structure:

  • Public allocation – 20% (10,000,000 AAB)
  • Risk Reserves – 10% (5,000,000 AAB)
  • Business Development- 10% (5,000,000 AAB)
  • Research Development & Team – 20% (10,000,000 AAB)
  • Ambassadors & Affiliates – 10% (5,000,000 AAB)
  • Marketing Reserves – 10% (5,000,000 AAB)
  • Liquidity Provision Funds – 20% (10,000,000 AAB)

The public allocation begins on April 14th and will be in the form of an initial exchange offering (IEO) in three rounds.

First Round
  • 500,000 AAB at 50% discount for maximum 500 buyers (i.e. 0.5 USD) – 14th-15th April
  • Lockup period will be 15 days
Second Round
  • 500,000 AAB at 50% discount for maximum 500 buyers (i.e. 0.5 USD) – 15th-16th April
  • Lockup period will be 15 days
Third Round
  • 9 million AAB at no discount from 16th April onwards
  • They are free to trade immediately
AAB IEO participation criteria

To participate in the AAB IEO, one must be a registered AAX user and must subscribe to the sale. A successful subscription will, however, be subject to KYC level 1 clearance by the users. Additionally, the offer price related to the subscription period for the AAB IEO has to be paid in USDT.

AAB token aggressive push

The daily buybacks and coin burns of the trading fees earned by the AAX futures market will lead to a consistent reduction in the supply of AAB. Additionally, any AAB bought back from the market will be burned and will be audited. This will continue up to the burning of 25 million AAB tokens.

Once the subscription period ends, the participants will receive a specific number of tokens in the AAX wallet. Moreover, it is a proprietary wallet system that offers investors a highly flexible trading ecosystem. They can trade using a single balance across spot, futures and OTC markets.

As AAX claims, AAB is set to act as a bridge between the expanding crypto and global market. This will play a pivotal role in AAX achieving its plans to create deeper liquidity pools. The platform aims to do so by directing pension funds, institutional funds, hedge funds to the crypto markets. And that is when the crypto market will attain full maturity and be ready for mass adoption.


The information discussed by Altcoin Buzz is not financial advice. This is for educational and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided.

Do your own due diligence and rating before making any investments and consult your financial advisor. The researched information presented we believe to be correct and accurate however there is no guarantee or warranty as to the accuracy, timeliness, completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. This interview, overview or update article has been compensated for media cooperation and has been sponsored for by the interviewed or reviewed organization. Copyright Altcoin Buzz Pte Ltd. All rights reserved.


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