Why $AAB is an undervalued Exchange token
And how to benefit from the arbitrage in the long run 14.12.2021
- OVERVIEW
$AAB is the native token of the AAX Exchange. This platform leverages the same algorithm as the London Stock Exchange Group (LSEG).
- USEFUL STATS
Price: 0.82$
Market Cap: 6.200.000$
Circulating Supply: 7.500.000
AAX Daily Volumes (30d Average): 1.25B $
AAX Daily volume (1year growth): 1100%
Users: 1million+ (September 2021)
- USE CASES
As for now, $AAB can be used to pay for trading fees, reducing them by as much as 20%.
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Holders of $AAB can also participate in community airdrops and listino events, which usually happen on a weekly basis. According to the $AAB held, it’s also possible to unlock Savings benefits, like bonus earnings on fixed products and time-limited offers.
- COMPARISON WITH OTHER EXCHANGE TOKENS
I’m going to go over some of the top notch Exchanges, with their respective ecosystem tokens, as well as covering potential AAX competitors in the space.
$GT: native token of Gate.io, it’s got a market cap 90x bigger than AAB, with the Exchange presenting slightly more than 2x the volumes and less growth in the volumes traded daily (on a yearly pattern). Use cases: slight increase in lending APY (still less than AAX), less fees, VIP perks (airdrops+launchpads) - Gatechain staking still isn’t live.
$LEO: native token of Bitfinex, 500x bigger than AAB with similar daily volumes. It's only used for fees reduction (it's got great explanation and user interface showing the hourly coin burns)
$FTT: native token of of FTX, 900x bigger than AAB when it comes to market cap, with 8x volumes. Use cases: fees reduction (almost unnoticeable, given the already very competitive ones), free ERC-20 withdrawals — very high minimum Stake=25.
$CHSB: native token of Swissborg, 100x market cap with <1/3 volumes. Use cases: frozen for 360 days for better lending APY and significative fees reduction, YieldWallet and smart buybacks.
$VGX: token of Voyager, market cap 200x with ridicolous volumes. Cannot even be considered an "investment" in the company, since it's already publicly traded. Just useful for fees reduction and VIP levels.
$BEST: Bitpanda ecosystem token. This one is crazy, 180x market cap with 15MILLION traded daily. The secret? Good ads in rich countries. Use cases: fees reduction, better referral programme. Still no launchpools but coming soon.
$CET: CoinEx token. 10x market cap with 1/10 of the daily traded volumes. Use cases: fees reduction and gas for its native blockchain (which is NOT used).
$CRO, $BNB and $KCS are, in my humble opinion, one step ahead for the time being, having their own blockchain and hosting prestigious ICOs.
- CONSIDERATIONS
I could go on but you get the point. AAB gives you fees reduction and participation in airdrops for the time being, so it’s in line with most of the competition. What is really missing are EXCLUSIVE listings - launchpad, launchpools - (which are being worked on right now!) and, most importantly, BRAND AWARENESS.
Maybe the tokens I listed above do deserve a higher valuation, but definetely not hundreds of times that of $AAB. This is total madness.
DISCLAIMER: this article is not supposed to be financial advice, always check the updated data and do your own diligence.
