AAB Token Sale successfully completed
The AAB token is the official token for the Atom Asset Exchange (AAX).
AAB public sales started on 14 April 2020, leading with 2 flash sale rounds with 50% discount and targeted 500,000 AAB tokens. The first round was oversold by 2500% within 4hours at the price of $0.5. Out of the 500 participants, 250 participants received their money back ($500) while retaining the possession of the 1000AAB purchased. This was a kind gesture from the AAX Team.
The second AAB token sales started 15th April at 1 pm (GMT+1) and got sold out in a couple of hours, with 250 participants also receiving their funds back with a lock period of 15days for all the tokens purchased at $0.5. This is a measure to restrict people from dumping the purchased token on the exchange.
On 16 April, the AAB/USDT pair was listed on the AAX Exchange to purchase AAB from the exchange directly at an initial price of 1USDT/AAB.
The Initial Exchange Offering (IEO) price of AAB token was $0.5 (offered at a 50% discount) while the listing price was 1 USDT per AAB. Out of a total of 50 million (AAB (AAX) Total Supply), 10 million AAB was made available for sale in a series of three rounds according to the following schedule:
| Round | Start | End | AAB Released | Price (USD) | Lockup period* |
| 1 | 14/4/2020 | 15/4/2020 | 500,000 | 0.5 | 15 days |
| 2 | 15/4/2020 | 16/4/2020 | 5,00,000 | 0.5 | 15 days |
| 3 | 16/4/2020 | — | 9,000,000 | 1 | Instant Trade |
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