AAX Token (AAB)

AAB is an exchange utility token, meaning it exists primarily to serve users of the AAX platform — for example, by offering fee discounts and other perks. Bitcoin, on the other hand, is a decentralized, standalone cryptocurrency designed as a store of value and means of payment. Exchange tokens like AAB typically depend on the health and usage of the exchange that issues them.

AAB was issued as a token, which means it runs on existing blockchain infrastructure rather than maintaining its own network of miners or validators. Transactions and balances are recorded on the underlying blockchain, and the token's rules — such as total supply and transfers — are enforced by smart contract logic. This makes it lightweight compared to coins that need their own consensus mechanism.

AAB has a fixed maximum supply, a common design choice for exchange tokens meant to create scarcity over time. A portion of the supply is typically allocated to the exchange, user rewards, and ecosystem development. Because the cap is written into the token itself, new coins can't simply be printed at will.

You can hold AAB in a wallet that supports the blockchain it was issued on, or keep it directly in your exchange account if you trade there frequently. Its main practical use is within the AAX ecosystem — paying for trading fees at a discount and participating in platform activities. As with any token, make sure you use a compatible wallet and keep your private keys or credentials secure.