In accordance with our AAB whitepaper, users can use AAB to pay for any fees on AAX. Users will enjoy a 20% off discount for any fees.
Users can locate the AAB discount fees switch on the following locations, it is default as off.
Website:
Users can go to fee page to switch on or off at any time.
App:
Users can find the switch on or off function under “Account” from AAX's App.
How to calculate the fees for paying with AAB in trading?
AAB fees = Orginal Fees * AAB Discount Rate * Exchange Rate of the Coin and AAB
Suppose the original trading fees are BTC based, the AAB discounted total fees would calculate from the latest market price of BTC/USDT and AAB/USDT.
The exchange rate of BTC/AAB = (Market price of BTC/USDT) / (Market price of AAB/USDT)
If a user has insufficient AAB balance to pay the AAB fees, the discount rate will be cancelled and fees will be charged in original coin currency.
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