Dear AAX Users,
AAX hereby confirms that AAB circulating supply is 3.5 million, as shown on spot market UI.
The initial AAB sales were 10 million. In addition, AAX held a total of 9 rounds of flash sale when 6 million AAB were sold.
In the meantime, AAX kept burning AAB with the futures trading fees. On Oct 23, 2020, 50% of the total supply which is 25 million AAB were burned, among which, 12.5 million were burning from circulating supply.
Therefore, at the moment, AAB is circulating at 10,000,000 + 6,000,000 - 12,500,000 = 3,500,000.
AAX has a five-year plan to release its AAB total supply according to the whitepaper. AAB more utilities are being developed by AAX. Moving forward, AAX will introduce AAB holding-based VIP tiering system, buy-back campaign, AAB boost for trading competition ranking etc.
13 November, 2020