1. Business data
The trading volume of AOFEX exchange in July (tokens + options + contracts) exceeded US $80 billion, increased 50.27% from June 2020.The perpetual swap has launched for 4 days, and the average daily trading volume was maintained in the range of US $1-2 billion, and the perpetual swap business has been officially included in the scope of OT burning.
2. OT data
AOFEX started the first phase of burning in July, with a total burning of 731,707 OT (about 1,714 million USDT). As of July 31, 2020, AOFEX has buried 823,411 OT.
The deflation rate of the current month: 4.117% (Note: Deflation Rate of Circulating Stock in This Month=Burning Amount of OT in this month 823,400/Total Circulation of OT at last month 20 million)
Current circulation：99,176,589 OT
Total Cirvulation：19,176,589 OT
OT Users：increased 15.1% from June 2020
OT current price：15.85 AQ
OT Historical rise：44.09%
Average Daily Trading Volume：7 million OT
3. OT Burning Data
OT (Option Token) is a digital asset issued by AOFEX platform based on ERC20. The total number of OT issued is 100 million, 20% of which are in early circulation, and the remaining OT will be used for incentive output of market users.
In order to better promote the ecological value of OT, the platform will establish a sound deflation mechanism, adopt the way of burning before output, and the amount of burning ≧ the amount of output, and ensure that the circulation volume in the secondary market does not exceed 20% (20 million) of the total amount, until the total amount of burning reaches to 20 million.
OT Burning Plan：
1.new project: fees of new project will be buried in full;
2. Buy-back:AOFEX exchange uses 20% of the fees profit per month to buy back OT from the secondary market and burn it.
Recently, AOFEX launched new projects DSF and PD, and buried OT twice according to the new project launch plan, with a total of 91,704 OT buried.
On July 31, 2020, AOFEX buried OT according to the buy-back burning plan, with the burning quantity of 731,707 OT.
As of July 31, 2020, AOFEX has buried a total of quantities：823,411 OT
Types of Burning
July 2, 2020
July 23, 2020
July 31, 2020
Through the burning of OT, the number of OT in the market circulation was further reduced, and the deflation attribute of OT began to work, which promoted the stable appreciation and potential development prospect of OT.
4.OT Review in July
1）On July 2, after the DSF project was launched, OT was buried according to the AOFEX new project launch plan. A total of 31,172 OT were buried, which was the first time that OT was buried.
2） On July 12, AOFEX chat room held the "OT in my mind" speech contest successfully ended.
3）On July 14, AOFEX completed the first regular unlocking of OT, releasing 1 / 6 of OT, which can be used for free trading in the secondary market.
4）On July 15, AOFEX officially launched the function of OT to deduct fees , and users can enjoy the preferential right of fees according to different standards of OT quantity.
5）On July 21, AOFEX officially launched OT to buy new token PD (power drive), with a limit of 15,000 PD, which was emptied within 2 seconds.
6）On July 23, after the new project PD was launched, OT was buried according to AOFEX new project launch plan, a total of 60,532 OT were buried.
7）On July 23, AOFEX launched OT / AQ margin service, with a maximum of 3 times margin.
8）On July 24, AOFEX launched the OT / USDT trading pair and opened trading services. At the same time, it also supports the unlocking through trading OT / USDT.
9）On July 31, OT conducts the first buy-back burning, and 731,707 OT was buried.
5.AOFEX Events in July
1）At the end of June, AOFEX and wall street asset management platform ICFM reached cooperation and launched the first quantitative trading competition. The competition ended on July 9, attracting 14 quantitative teams from Europe and the United States to participate, and the top three will share 230,000 AQ awards.
2）On July 2, the welfare of AOFEX community managers was upgraded, and recruitment continued. Community managers enjoy a high salary, exclusive activity rewards, a high percentage of rebates, and other privileges.
3）On July 8,AOFEX launched DSF, and jointly held trade competition and airdrop welfare activities, totally dividing up 400,000 DSF awards.
4）On July 9, AOFEX continued to recruit columnists and upgrade the reward scheme. When the specified conditions are met, they can be promoted. The higher the level, the more rewards.
5）On July 12, AOFEX chat room "OT in my mind" speech competition was successfully concluded. This activity attracted many users, old players and KOL to participate, and a total of 6,240 AQ and 600 AP were divided.
6）From July 16 to July 20,AOFEX launched the "first coin circle goddess Union, dividing 10,500 AQ". In this activity, Vivian, vice president of AOFEX, convened the coin circle goddess alliance to establish the coin circle goddess alliance. The coin circle friends voted to select their own goddess.
7）On July 17, Vivian, vice president of AOFEX, was invited by 499block gas station to conduct an interview on "new choices for contract trading in AOFEX exchange".
8）From July 20 to July 22, in order to celebrate the global debut of PD, AOFEX exchange and PD jointly held various activities, including "PD trading competition, winning 12,000 PD", "AP 11th purchase of PD", "chat room interaction grabbing 5,000 PD", etc.
9）On July 28, AOFEX perpetual swap was officially launched. It supports two-way transactions and up to 100 times margin. It provides a variety of order methods, such as limit order, market price order and plan order. The first phase of online BTC, ETH, EOS currency transactions supports users to operate on the web, app and API sides.
10）On July 29, Vivian, vice president of AOFEX, was invited by the Mars editor to have an interview. They made a theme dialogue activity in the Mars community on “how to define a new financial ecology for a new contract”.
6. AOFEX New Products
AOFEX perpetual swap products, after development, testing and functional improvement, were officially launched at 15:00 on July 28. It supports two-way trading and up to 100 times margin. It provides a variety of order methods, such as limit order, market price order and plan order, etc. it is the first time to launch BTC, ETH, EOS trading, and supports users to operate on Web, app and API.
Compared with similar products on other trading platforms, AOFEX perpetual swap has the following characteristics:
1）Real-time risk control to eliminate security risks
2）Millisecond-level matching, difficult to forced liquidation
3）Mark Price to control risk, no manual operations
4）Independent research and development of the system with excellent performance
5）Professional team, global compliance layout
Since July 28, 2020, AOFEX perpetual swap has been went live for less than a week, but it has an excellent performance in terms of data. The cumulative contract users are 15000 +, and the transaction volume of BTC / ETH / EOS has exceeded US $1.2 billion on the same day, and then the average daily trading volume has remained between us $1 billion and US $2 billion.
With the continuous increase of the trading volume of perpetual swap, AOFEX perpetual swap has become the fastest growing product of the platform, and has attracted the attention and active participation of platform users. In future, we will continue to improve the functions of perpetual swap products, launch more contract transactions in high-quality tokens, support more abundant listing strategies, and provide more personalized services for platform users and investors.
At the same time, we will also provide the service of OT to deduct fees, and OT to participate in contract transactions, so as to improve the functions of, increase the circulation of OT, and empower OT.
7. The Functions of OT
Aofex, with tOT as the core, has provided a number of rights and functions for 1.2 million users worldwide. OT users can enjoy the following rights and interests:
1.Deduction of fees
2.Project side margin
3.Rights and interests of OT holders
4.Rush purchase of new projects
6.Opening and settlement of options
7.Chat room bonus
8. Buy back and burning every month;
9.Vote to go live coins (under test)
10.Preferential purchase of hot financial products (under test);
11.Get bonus rebate (under test);
12.Position and mining (under test);
13.Reduction of the advertising fee of OTC;
14.AP integration center;
15.Exclusive customer service.
*With the development of AOFEX 's global ecological construction and partnership, the functions and ecological rights and interests of OT will be launched. Please look forward to it.
As the world's leading digital financial derivatives exchange, AOFEX is committed to providing users with a very secure cryptocurrency trading environment and user experience. AOFEX hopes to establish closer ties with users and partners, explore more abundant functions, participate in the construction of AOFEX ecosystem, grow together with AOFEX, jointly promote the development of blockchain industry, and achieve mutual benefit and win-win situation.
July 31, 2020