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.
Users can go to fee page to switch on or off at any time.
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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