In accordance with AAB whitepaper, AAX will conduct AAB buyback and burn using 100% of the derivatives revenue until 50% of all AAB is burned. We will eventually burn 25 million AAB, leaving 25 million AAB remaining.
- The first buyback and burn starts on 21 April 2020.
- The first buyback and burn uses the futures commission's revenue on 19 April.
- The following buybacks will use the revenue from AAX earned 2 days ago.
Daily buyback and burn volume on 21 April 2020:
The burn record is public on the blockchain, check the coin burn wallet here:
You may refer to the daily buy back and burn records on
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2020 April 21
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