What is interesting about the AAX exchange with its own AAB token?
To some extent in the digital world of cryptocurrencies, the phrase new exchange causes some kind of disgust. They are stamped almost in packs a month and each yells that it will be better than any top-end today. However, today we will consider this issue from a different point of view. I am sure you will agree that among the dozens of new exchanges being released there can be a really high-quality and promising product. To mine gold you have to wash tons of rock. To find a quality new exchange, dozens of offers also need to be reviewed. Therefore, I am sure that I found a very promising exchange named AAX, and in this article I will give you the main points of the exclusivity of this product.
So what is the AAX exchange? It is the world's first digital asset exchange based on LSEG technology. Started working in November 2019. At the heart of the work is a mechanism that supports the London Stock Exchange. It is also the first of its kind to have joined London Stock Exchange Group’s (LSEG) Partner Platform.
As you can see, the exchange already has good partners and a whole mechanism of cooperation with the stock market has already been developed. You should agree - this is pretty good. The exchange also serves retail and institutional investors, operates Spot, Futures and OTC markets in more than 50 crypto-spot pairs, derivatives and fiat-crypto-ramps. AAX also offers perpetual futures contracts for the main cryptocurrency pairs with BTC and USDT as the main currency settlements.
From this we can conclude that AAX is trying to simplify the sale and purchase of cryptocurrency assets and make transactions in the crypto sphere as simple as possible for beginners. You can learn more information from the bitcointalk forum thread (https://bitcointalk.org/index.php?topic=5236459) or by asking a question to the project administrators in the telegram chat https://t.me/aaxcommunity, I want to say that they answer fast, it’s mean, feedback works very well.
Interface & Token
The interface and functionality of the exchange is very convenient and simple. It can be seen that the project is introducing the latest exchange technology and is ready to move on, further improving them. KYC verification you will pass very quickly, literally in a few hours. Here is a link to the exchange, you can already try its capabilities: https://www.aax.com/
The AAB token serves as a link between digital and traditional assets, retail and professional traders, buyers and market makers, the exchange and its partners, and will be deeply integrated with the upcoming expansion of the AAX product range.
A total of 50 million AAB should be issued as an ERC-20 token on the Ethereum blockchain, and will initially be priced at 1 USDT each.
AAB Token will be the main currency for calculating all commissions on AAX. The sale of the AAB token will begin on April 14 and below you will see in the table how it will go.
The team also plans to buy every AAB token on the market and burn it at the end of the month. This process will continue until 50% of the total AAB is destroyed. And this is a serious bid for success, because this will ensure a price increase.
What conclusion can we make? Of course, it is up to you to personally use the AAX exchange or not and buy the AAB token or not. The project is very well thought out and stands firmly on its feet. There are serious partnerships with the stock market. The team has offices in Europe and Asia. After carefully reading all the information on the links that I gave and weighing all the information, you can make a wise decision that will help you to be successful thanks to the AAX team.