The initial listing price is 1 USDT per AAB. Out of a total of 50 million, 10 million AAB will be made available for sale in a series of three rounds according to the following schedule:
|
Round |
Start |
End |
AAB Released |
Price (USD) |
Lockup period* |
|
1 |
14/4/2020 |
15/4/2020 |
500,000 |
0.5 |
15 days |
|
2 |
15/4/2020 |
16/4/2020 |
500,000 |
0.5 |
15 days |
|
3 |
16/4/2020 |
-- |
9,000,000 |
1 |
N/A |
*After the completion of the lockup period, the purchased amount of AAB will be gradually unlocked, at a rate of 5% per day, over the course of 20 days.
* The locking up period for round 1&2 starts on 16 April 2020.
*For each date in the above table, the precise start times are set as UTC 12:00 and end times are set at UTC 10:00.
Spreading wealth
Out of a total of 50 million AAB, we will gradually be distributing AAB according to the following release schedule over 5 years:
Public Offering - 10 million AAB
For sale to the public in a series of limited-time-only flash sales.
Risk Reserves - 5 million AAB
Reserved for unexpected and serious events that disrupt operations, and to potentially compensate users.
Business Development - 5 million AAB
Community activities and collaboration with third parties, as well as for investment in selected projects of interest.
Liquidity Provision Funds - 10 million AAB
Used to provide liquidity in AAB markets.
Ambassadors & Affiliates - 5 million AAB
Used for expanding into new markets, and building local communities.
Research, Development & Team - 10 million AAB
To be distributed as an incentive among early team members, for platform development, and seeding new projects.
Marketing Reserve - 5 million AAB
Allocated to marketing activities, driving brand awareness and user acquisition.
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