Dear AAX Users,

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.

AAX has a five-year plan to release its AAB total supply according to the whitepaper. Until December 31, 2020, a total of 40% AAB has been released.

Therefore, AAB’s circulation amount is 20 million - 12.5 million = 7.5 million.

Please notice that, according to the whitepaper, an additional 30% of the AAB will be distributed by the end of 2021.

Thanks for your support!

AAX Team

11 January, 2021

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