Previously, AEX announcement "GAT ecological construction NO.1: Giveaway 10 billion GAT"，in the announcement，In order to better develop the new platform, AEX, and to concentrate our efforts and resources to build a better business ecology, we have decided to merge TMC into GAT.When TMC is destroyed and the premium is converted to GAT, the part of the original buyback of GAT to TMC users each week will be destroyed directly (into the black hole address, the block chain is transparent).
To avoid affecting the market volatility, the specific repurchase time will not be made public. However, the amount of repurchase in the previous period will be made public in each issue of the dividend report (if the holiday is postponed).This time, we will release the 21th phase of the purchase of GAT. During August 24 to August 30, the total transaction amount of the three markets (excluding the API transaction part，API 0 fee) is:GAT Market’s total volume is 1201738179.98634GAT,USDT Market’s total volume is 831503.97868882USDT, CNC Market’s total volume is 82048264.21549990CNC.The number of GAT repurchase and destruction from the AEX was 6360296.22611119.The total number of GAT destroyed is 602719632.9382763. GAT destruction address: global-aex-token-destroyed (used to destroy the GAT, the private key has been destroyed, no one can use).
GAT related address publicity:
Everybody can search for the wallet address on the blockchain, open, transparent, safe and visible, and can view the liquidity of GAT:
GAT issuing address: global-aex-token (GAT's initial distribution address, you can view the flow of all GAT)
GAT locked address: global-aex-token-locked (locked address, not fixed before June 30, 2019, after which an additional announcement will be given)
On repurchase and destruction:
Repurchase destruction is a common dividend method in traditional financial markets. In general, there are two forms of dividends. The most common one is to distribute the amount of dividends to the holders of all rights and interests in proportion.The other is to use the dividend amount for the secondary market to buy and destroy (no longer circulating), by raising the market price and reducing the total amount of market circulation, the equity value will be increased in disguise. In the two modes, the common dividend is the most direct, and the equity holder can directly obtain the appreciation other than the equity. In the process of repurchase destruction, the equity holder gains the price appreciation in the process of repurchase and the increase of the equity proportion (total amount reduction).
The reason for GAT choose to repurchase and destroy instead of paying dividends:
Ordinary dividends and buybacks, each have advantages and disadvantages, the general pattern of share out bonus, can let the rights holders intuitive perception to the amount of share out bonus, but to platform coin, the model has restricted the flow of inbound platform coin, because the platform can't statistics off-site GAT holdings, unable to realize fair share out bonus, and adopt the buyback destruction mode is very good to solve the problem, whether on-site or off-site cash, all have the same value effect, this model for GAT is the basis of the circulation of multiple platforms.
We look forward to your valuable Suggestions! Thank you for your support to AEX and read the announcement carefully! Best wishes for you!
Safe and reliable,five years of safe operation.
August 31, 2018