In accordance with AAB whitepaper, AAX will conduct AAB buyback and burn using 100% of the derivatives revenue until 50% of all AAB is burned. We will eventually burn 25 million AAB, leaving 25 million AAB remaining.
The first buyback and burn starts on 21 April 2020.
The first buyback and burn uses the futures commission's revenue on 19 April.
The following buybacks will use the revenue from AAX earned 2 days ago.
Daily buyback and burn volume on 21 April 2020:
The burn record is public on the blockchain, check the coin burn wallet here:
You may refer to the daily buy back and burn records on
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2020 April 21
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