Now is the time to unlock the potential of digital assets
We find ourselves in extraordinary times, and we wanted to take this opportunity to write to you personally.
Back in 2018, when the cold breeze of the ‘crypto winter’ set in, people around us questioned our timing in founding AAX.
But we saw an opportunity.
We knew crypto was approaching the next phase in its development and was in need of an exchange that would raise the industry-standards for integrity, security and performance.
Back then, there were no “institutional-grade platforms”, Fidelity Digital Assets Services, or Facebooks stepping into crypto.
Now we’re announcing the launch of our native exchange token, AAX Token (AAB), and the question may arise, is this the right time?
Now is the time
During times of great turmoil, the most important changes can be made across all levels of society. In crypto, while our economies shake in their core, we are called to revisit the foundations of crypto: borderless, unmoored from a single economy, digital, secure.
This is the best time to really consider what it is that crypto offers the world, what its future might be, and if it’s growth you foresee, to invest..
But this is not necessarily about building a separate financial system.
Over the past few years, we’ve seen liquidity and accessibility as the keywords. People want to be able to trade easily, not just across cryptocurrencies, but also fiat on and off ramps, and between crypto and global capital markets.
We believe a high-quality digital assets exchange is key to making it possible for that to happen.
And so to invite our community to join us in making that reality and to share in the benefits of growth, we are glad to announce the launch of AAB, which will serve as a bridge between crypto and global finance.
It’s an aggressive coin
There will daily buybacks and coin burns, funded by 100% of AAX’s earned trading fees. We will continue doing this until half of the total supply of 50 million AAB is destroyed.
Token Holders will be able to enjoy discounts, unlock special trading features and services, optimize lending and borrowing products, and gain access to unique financial instruments such as Exchange Token Index futures and Bitcoin Dimensions derivatives, which are currently under development.
10 million AAB will be made available for public sale
Starting on the 14th of April we will have 2 flash sale rounds where 1 million AAB will be offered in total at a 50% discount. After each round, following a random selection, half of all buyers will get their USDT deposits back and will get to keep their AAB for free.
After these two rounds, 9 million AAB will be offered for 1 USDT per token and the market will be open for trade.
To participate in the preceding flash sale rounds, you will have to subscribe. Per round, only 500 participants will be able to purchase AAB at a discount and half of all buyers will get their USDT back and keep their AAB for free.
With AAX, we are on a journey to unlock the potential of digital assets.
If you believe that crypto has an important role to play in the future, and if you agree that only exchanges that really innovate in this space and work to the highest standards, are the real gateways to that future, then we invite you to join us on our journey, trade AAB, and make our community strong.
For more information or to sign up for the flash sale rounds, go to aab.aax.com
Thor Chan, CEO & Michael Wong, COO