Press Release: AEX issues its own token on the Bitshares DEX
Suggested Duration: 2 minutes
AEX announced that they issued a token called GAT (Global AEX Token) with a maximum quantity of 100 billion. ("aex.com is the former btc38.com, which was the biggest altcoin exchange in China.")
"GAT is similar to BNB of Binance Exchange, or HT of Huobi Exchange. It's called platform token, which can be used as transaction fee, or used for voting when new coins want to be listed. Also, part of the exchange income will be used to buy back GAT.
The difference of GAT with other platform tokens are as below."
Signifiance to Bitshares
"Obviously, this is a great news to Bitshares, as it means that if more platforms learn from AEX EXCHANGE and issue their tokens on Bitshares, customers will get an easy way to trade the tokens of different exchanges within Bitshares. Bitshares will become the platform of other platforms."
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