AAB Token Sale successfully completed

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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