Exchanges have kept the cryptospace alive ever since crypto was declared useless and nonfunctional in its early days. Even for DApps, users will have to eventually trade their earned rewards or tokens on an exchange. However, exchanges later became questionable with high incidence of inefficiencies, scams, manipulations and regulatory issues. There was then the need for a change in this ecosystem. This opened the gateway for regulators and traditional institutions to come in and shape things better. How about a crypto exchange that is safer, better, secure, and most importantly, originates from an already regulated global institution?
AAX is a digital exchange that comes from the London Stock Exchange Group (LSEG) Technology. LSEG Technology provides market infrastructure technology to a wide range of first-tier financial markets, and has now added AAX as the first digital exchange. AAX seeks to redefine cryptocurrency trading by creating a highly reliable, scalable, agile, sub-millisecond trading platform. Because of the higher efficiency of the LSEG, The AAX exchange has the capacity to handle deep liquidity and institutional volumes.
AAX shall also support OTC trading, spot trading and futures trading. OTC Merchants will now have a regulated and trusted platform to serve as their escrow for their transactions. AAX spot trading shall make available over 50 trading pairs across. Coins traded on the AAX platform are carefully scrutinized and selected so as to give users the best experience on AAX.
Furthermore, AAX is convenient to use because users can access their accounts on a variety of devices and options. AAX is available on Browser/PC, iOS, Android app, and API.
AAX seeks to be a game changer in the cryptospace with its variety of new unique features that will be integrated. The major part of it is to merge the crypto market with the traditional market, and one unique way that AAX posits to implement this is the creation of special indices. These special indices allow investors to trade Bitcoin against tokenized commodities such as gold, oil, coffee and others. There is a plan to launch native exchange token, AAB.
The Need for AAB Utility Token
Exchange tokens with better utility thrive well and have the best value in the market. This is why AAX has provided unique utilities for the native AAB token. These features will help make AAX and the AAB tokens stand out of traditional crypto exchanges and their respective native tokens.
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The AAB token shall be use to settle up to 100% of all trading fees on AAX; This shall be ensured with the use of baseline discount of 20% for trading fees, and portfolio discounting of up to 50%.
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AAB Shall also be used for lending purposes on AAX. Users can get rewarded by adding 10% of AAB on top of the loan collaterals. Moreover, users who use AAB to pay interest on loan get a discount of 20%.
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Being a holder of AAB shall also gives you access to opportunities that will help you earn more on AAX. AAB can be used to access trading signals and bots, increased APPI access rates, and FIX connectivity. Moreover, holding more than 100,000 USD worth of AAB gives users early notifications on project upgrades, promotions, higher withdrawal and internal transfer limits and discounted custody services.
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Users can also maximize their earnings and improve their trading outcomes by having the opportunity to use AAB to copytrade high-performing traders.
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There shall be daily buybacks and coin burns of 100% of all trading fess earned by AAX on its BTC and USDT settled future markets. This feature has been shown to be an effective way to get value on tokens by reducing supply, as indicated by Cointelegraph. AAX seeks to do this until 50% of the total supply of AAB is destroyed.
Cryptocurrencies have grown past the era where users had to get scammed on various unregulated exchanges until they eventually get onto the secure platforms. The crypto market is still young, growing and has the potential to enter into the trillion dollar market capitalization. Get yourself a regulated, safe and reliable place to do your daily crypto trading and enjoy the new revolution in digital finance. Get an account at AAX here.
To find more information about AAX, and join the communities, kindly visit any of the following;
Website: https://www.aax.com/lseg
Telegram: https://t.me/aaxcommunity
Twitter: https://twitter.com/AAXExchange
LinkedIn: http://linkedin.com/company/aax-atom-asset-exchange
