AAB not only has the attributes of a pass, but also an integral part of the AAX exchange. It provides users with exclusive rights and interests, and is also a booster for the development of the exchange. The original intention of building AAB is to build it as a communication bridge between digital assets and traditional assets, individual traders and professional traders, price takers and market makers, exchanges and their partners. In addition, AAB will be deeply integrated with AAX's upcoming products.
We see AAB as a digital freshener. It catalyzes extra touches, deeper flavors and indescribable realms, making everything just as delicious as it should be. AAB will be issued on the Ethereum blockchain in the form of ERC-20 tokens, with a total issuance of 50 million pieces and an initial unit price of 1 USDT.

Project availability

Multi-level discount program
As the main currency in circulation, AAB can be used to fully pay all transaction fees generated in AAX.
Benchmark Discount
Pay transaction fees with AAB and enjoy a 20% discount.
Portfolio Discount
If a client allocates a certain percentage of AAB in their portfolio, they can enjoy an overall discount corresponding to that percentage, up to a maximum discount of 50%.
Customers can choose not to use AAB to pay transaction fees
1. Not using AAB to pay transaction fees means not enjoying the "baseline discount".
2. Customers can still enjoy the maximum 50% "investment portfolio discount".
Platform Upgrade
Customers can use AAB to unlock special features and tools for a better trading experience;
Use AAB to unlock trading robots and trading signals;
Use AAB to obtain exclusive Enjoy access to services and facilities, including increased API access rates and FIX connections;
Users holding AAB worth more than 100,000 US dollars will enjoy:
1. Higher withdrawal and internal transfer limits ;
2. Advance notice about product upgrades, events and promotions;
3. Discounts on hosting service fees.
Best Wealth Management
AAB can be used for loans, borrowings and other functions to drive promotions.
Loans
Users who add 10% AAB collateral to the loan collateral will get 1% additional interest on the basis of all loan collateral.
Borrowing
Customers who choose to use AAB to pay loan interest will enjoy a 20% discount.
Pioneer Program
AAB can be used to purchase social trading subscriptions, one-click follow-up leverage of traders with outstanding performance, and avoid repeating the mistakes of poor performance;
AAB is The only designated currency used to pay transaction fees for AAX's exclusive products, and is also a bridge to use exclusive financial instruments, including index derivatives, tokenized commodities, and security tokens.

Project buyback and destruction mechanism

100% of all transaction fee income earned by AAX in its futures market will be used for AAB's daily repurchase and destruction, thus benefiting the price of AAB and maintaining a positive or even high price Price trend. All AAB repurchased will be permanently destroyed and audited on the chain. This process will continue until 50% of the total AAB supply is burned.
To make this clearer:
Currently AAX is ranked 39th on Contractmarketcap.com, between Erisx (51st) and Bakkt (36th). If we select the top ten digital currency derivatives exchanges by daily trading volume, we can see that the average daily trading volume is between US$1 billion and US$11.5 billion. Although AAX ranks in the top ten, the daily trading volume is 1 billion to 3.5 billion US dollars, and the average transaction fee for active transactions (pending orders) and passive transactions (taker orders) is 0.05%, which means that AAX The value of tokens bought back and burned ranged from $250,000 to $875,000.
By the end of 2020, AAX's daily trading volume is expected to reach 500 million US dollars, in 2021 it will reach 1.5 billion US dollars and enter the top ten trading volumes, and in 2022 it will reach 4.5 billion US dollars. Undoubtedly, the daily repurchase and burning of AAX will stimulate the price trend of AAB, allowing AAB holders to grow together with AAX and share the benefits.