AAX Token (AAB) Price, Market Cap, Volume, ICO Ratings & Reviews | Coinpare
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Cryptocurrencies: 2,967 Market Cap: $582,810,423,142 24h Vol: $106,944,852,171 BTC: 61.65% ETH: 11.93% USDT: 3.34% ETH Gas: 24 gwei

AAX Token

Exchange

AAX Exchange 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.

ICO Details
ICO Start:
14 Apr 2020
ICO End:
15 Apr 2020
Hardcap:
9,250,000 USD
Token Price:
1 USD
Total Supply:
50,000,000
ICO Supply:
10,000,000 (20%)
Accepting:
USDT
Whitelist/KYC:
KYC
Country:
Malta
Token Details
Token Platform:
Ethereum
Token Holders:
1,529
Token Transfers:
1,002
Token Explorers:
Coin Details
Ticker:
AAB
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AAX Token AAB Rank 2003
$0.110726 (-5.65%)
0.00000572 BTC (-6.82%)
0.00018103 ETH (-7.94%)
1 BTC ≈ 174,825 AAB
1 ETH ≈ 5,524 AAB
AAB
USD
Fully Diluted Market Cap:
$5,536,300
Volume 24h:
$1,543,143
ROI (USD):
-88.93% / 0.11x
ATH:
$1.73
ATH Date:
07 May 2020
From ATH / To ATH:
-93.58% / 1,462%
Total Supply:
50,000,000 AAB
Loading data from server...
Change USD
1h -0.62%
24h -5.65%
7d -15.99%
30d -75.80%
1y -
Change BTC
1h -0.97%
24h -6.82%
7d -18.45%
30d -83.01%
1y -
Change ETH
1h -0.95%
24h -7.94%
7d -22.16%
30d -84.85%
1y -
To The Moon 🚀🌕
AAB
ROI x1

USD Amount -
BTC Amount -
ETH Amount -
Price $0.110726
Market Cap -
Fully Diluted Market Cap $5,536,300
BTC Price 0.00000572
ETH Price 0.00018103
AAX Token (AAB) is a cryptocurrency, the latest AAX Token price is $0.110726, down -5.65% in the last 24 hours. AAX Token market cap is $0 with a 24h volume of $1,543,143. It has a circulating supply of 0 AAB and a total supply of 50,000,000 AAB. AAX Token reached it's all time high on 07 May 2020 when it was trading at $1.73.
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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.

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.


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%
  • Porfolio 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
    i. Opting out means forfeiting the ‘Baseline Discount’
    ii. 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
    i. Higher withdrawal and internal transfer limits
    ii. Early notifications around product upgrades, events, and promotions
    iii. 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.

Thor Chan
CEO
Involved in 1 project
Michael Wong
COO
Involved in 1 project
Sheel Kohli
CMO
Involved in 1 project
Mike Wong
Business Development Director & Lead for Asia Clients
Involved in 1 project
Stéphane Ly
Business Analyst & Product Manager
Involved in 1 project
Ken Luk
Senior Operations Manager
Involved in 1 project
Toya Zhang
Public Relations Manager
Involved in 1 project
Avina Lobo
Legal & Compliance Manager
Involved in 1 project
Edward McKay
Head of People
Involved in 1 project
Advisors
Jamie Khurshid
Involved in 1 project
Mike Newell
Involved in 1 project
Paul Jackson
Involved in 1 project
  • Q1 2020

    USDT settled futures contracts
    Additional fiat on and off-ramps

  • Q2 2020

    Launch native exchange token, AAB
    Wealth management, part 1:borrowing
    Exchange token index futures contracts
    Tokenized commodities:Gold
    Stoploss/Takeprofit

  • Q3 2020

    Wealth management, part 2:lending, staking
    Bitcoin dimensions contracts
    Additional indices
    Multi-asset as collaterals for trading
    Quarterly futures

  • Q4 2020

    Margin trading
    Options
    AAB futures contracts
    Social trading and trading bot

Source
Rating
4.1 / 5
Average
4.1 / 5
Ratings has been aggregated in date 08 April 2020
Loading...
 

Rank 2003


AAX Token AAB

$0.110726 (-5.65%)
0.00000572 BTC (-6.82%)
0.00018103 ETH (-7.94%)
Fully Diluted Market Cap:
$5,536,300
Volume 24h:
$1,543,143
ROI (USD):
-88.93% / 0.11x
ATH:
$1.73
ATH Date:
07 May 2020
From ATH / To ATH:
-93.58% / 1,462%
Total Supply:
50,000,000 AAB
1 BTC:
≈ 174,825 AAB
1 ETH:
≈ 5,524 AAB
AAB
USD
Loading data from server...
Change USD
1h -0.62%
24h -5.65%
7d -15.99%
30d -75.80%
1y -
Change BTC
1h -0.97%
24h -6.82%
7d -18.45%
30d -83.01%
1y -
Change ETH
1h -0.95%
24h -7.94%
7d -22.16%
30d -84.85%
1y -
To The Moon 🚀🌕
AAB
ROI x1

USD Amount -
BTC Amount -
ETH Amount -
Price $0.110726
Market Cap -
Fully Diluted Market Cap $5,536,300
BTC Price 0.00000572
ETH Price 0.00018103
ICO Details
ICO Start:
14 Apr 2020
ICO End:
15 Apr 2020
Hardcap:
9,250,000 USD
Token Price:
1 USD
Total Supply:
50,000,000
ICO Supply:
10,000,000 (20%)
Accepting:
USDT
Whitelist/KYC:
KYC
Country:
Malta
Token Details
Token Platform:
Ethereum
Token Holders:
1,529
Token Transfers:
1,002
Token Explorers:
Coin Details
Ticker:
AAB
Description
Category: Exchange

AAX Exchange 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.

AAX Token (AAB) is a cryptocurrency, the latest AAX Token price is $0.110726, down -5.65% in the last 24 hours. AAX Token market cap is $0 with a 24h volume of $1,543,143. It has a circulating supply of 0 AAB and a total supply of 50,000,000 AAB. AAX Token reached it's all time high on 07 May 2020 when it was trading at $1.73.
Share This Page
Loading...

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.

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.


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%
  • Porfolio 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
    i. Opting out means forfeiting the ‘Baseline Discount’
    ii. 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
    i. Higher withdrawal and internal transfer limits
    ii. Early notifications around product upgrades, events, and promotions
    iii. 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.

Thor Chan
CEO
Involved in 1 project
Michael Wong
COO
Involved in 1 project
Sheel Kohli
CMO
Involved in 1 project
Mike Wong
Business Development Director & Lead for Asia Clients
Involved in 1 project
Stéphane Ly
Business Analyst & Product Manager
Involved in 1 project
Ken Luk
Senior Operations Manager
Involved in 1 project
Toya Zhang
Public Relations Manager
Involved in 1 project
Avina Lobo
Legal & Compliance Manager
Involved in 1 project
Edward McKay
Head of People
Involved in 1 project
Advisors
Jamie Khurshid
Involved in 1 project
Mike Newell
Involved in 1 project
Paul Jackson
Involved in 1 project
  • Q1 2020

    USDT settled futures contracts
    Additional fiat on and off-ramps

  • Q2 2020

    Launch native exchange token, AAB
    Wealth management, part 1:borrowing
    Exchange token index futures contracts
    Tokenized commodities:Gold
    Stoploss/Takeprofit

  • Q3 2020

    Wealth management, part 2:lending, staking
    Bitcoin dimensions contracts
    Additional indices
    Multi-asset as collaterals for trading
    Quarterly futures

  • Q4 2020

    Margin trading
    Options
    AAB futures contracts
    Social trading and trading bot

 Select Source
Source
Rating
4.1 / 5
Average
4.1 / 5
Ratings aggregated in date 08 April 2020
Loading...
This website and the information contained herein is not intended to be a source of advice or credit analysis with respect to the material presented, and the information and/or documents contained in this website do not constitute investment advice.