AAX Uncharted, Newsletter, 7 August, 2020 (short edition)
We are proud to announce that in little over two weeks, AAX has increased its user base by 100%, and has now passed the 200k mark in user registrations!
Coupled with increased trading volume, especially on AAX Futures, our native exchange token AAB has likewise benefited from more buybacks and coin burns.
Each day, 100% of all futures fees earned by AAX are spent to buy and destroy AAB for positive price pressure, and as of today, 609,139 AAB (https://aab.aax.com/en/) (=$132,061 USDT) has been burnt. Since 15 July, 2020, AAB is up by more than 40%. The coin is now trading at $0.2167 USDT.
AAX operates world-class trading tech and offers the lowest trading fees globally, but what really sets AAX apart at this particular stage is that the exchange provides a wide range of avenues for users to participate in its growth – AAB being only one of them.
As we continue to build out our services, we would highly encourage you – if you haven’t done so already – to explore AAX Tribe. By inviting your friends to trade with AAX and building your ‘Settlement’, you will be able to earn up to 40% in trading fee commissions on every trade they make, plus 10% on all trades made by their referrals.
To stimulate further growth, here’s what we’ve got in store for August:
- New DeFi-token listings + lucrative trading competitions
- New USDT-settled perpetual contracts
- New AAX Vault savings products
- The launch of AAX Grand Stadium – a reward hub where users can earn crypto.
Furthermore, do stay tuned for announcements on next week Friday’s AAB Summer Flash Sale, where you have a 50% chance to get 1000 AAB, for free!
It is encouraging to see the resilience of the crypto space, which ultimately does not depend on technology or market infrastructure, but rather the resolve of those crypto enthusiasts who see value and help to grow that value.