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!
11 January, 2021