AOFEX OT (Option Token) Burning Details in Phase 14

Dear Users,

AOFEX exchange uses 20% of profits from transaction fees per month to repurchase OT from the secondary market and burn it.

Details of OT Burning in Phase 14 are published as follows:

Burning Time: 17:30, August 31, 2021 (GMT+8)

Repurchase and Burning Amount: 288,461 OT (about 7.5 million AQ)

Burning Address:

https://cn.etherscan.com/tx/0x0fbb4227f271d6b70714a88b5fcfa632bcb4fa187b2564e2f97addefa50f7c16

OT burning records:

As of August 31, 2021, AOFEX has destroyed 8,844,820 OT.

Details:

Times	Type	Date (GMT+8)	Amount (OT)
1st	New Project	July 2, 2020	31,172
2nd	New Project	July 23, 2020	60,532
3rd	Platform Buy-back	July 31, 2020	731,707
4th	New Project	August 7, 2020	64,599
5th	New Project	August 10, 2020	69,348
6th	Platform Buy-back	August 31, 2020	771,428
7th	New Project	September 5, 2020	72,463
8th	New Project	September 8, 2020	62,500
9th	New Project	September 11, 2020	68,493
10th	Platform Buy-back	September 30, 2020	609,756
11th	Remaining OT in the pool	October 1, 2020	230,102
12th	Remaining OT in the pool	October 27, 2020	224,956
13th	Platform Buy-back	October 31, 2020	605,601
14th	Platform Buy-back	November 30, 2020	536,585
15th	New Project	December 8, 2020	84,530
16th	New Project	December 11, 2020	83,963
17th	Platform Buy-back	December 31, 2020	491,803
18th	New Project	January 25, 2021	74,074
19th	Platform Buy-back	January 31, 2021	414,966
20th	Platform Buy-back	February 28, 2021	435,015
21st	New Project	March 29, 2021	61,728
22nd	Platform Buy-back	March 31, 2021	361,445
23rd	New Project	April 13, 2021	59,666
24th	New Project	April 27, 2021	64,935
25th	New Project	April 29, 2021	66,006
26th	Platform Buy-back	April 30, 2021	419,161
27th	New Project	May 14, 2021	68,400
28th	Platform Buy-back	June 1, 2021	463,576
29th	New Project	June 4, 2021	65,231
30th	New Project	June 7, 2021	65,146
31st	New Project	June 16, 2021	64,267
32nd	Platform Buy-back	June 30, 2021	468,371
33rd	New Project	July 10, 2021	67,935
34th	Platform Buy-back	July 31, 2021	493,421
35th	New Project	August 24, 2021	43,478
36th	Platform Buy-back	August 31, 2021	288,461

Current amount of OT: 91,155,180 OT

(Current amount of OT = 100 million OT - Buried OT)

Total Circulation of OT: 11,155,180 OT

(Total Circulation of OT= Circulated OT-Buried OT)

Deflation Rate of Circulating Stock in This Month: 2.889%

(Deflation Rate of Circulating Stock in This Month= 331,939 OT, Burning Amount of OT this month / 11,487,119 OT, Total Circulation of OT last month)

AOFEX will continue to destroy OT to reduce its number in circulation, expand OT application scenarios and user rights, as well as promote the stable appreciation and development prospect of OT. At the same time, AOFEX will continue to empower OT, develop the global market, expand the ecosystem and realize more application scenarios.

OT application scenarios:

OT users can enjoy the following rights and interests:

Deduction of fees

Project side margin

OT ECO pool

Rights and interests of OT holders

Rush purchase of new tokens

Airdrop reward

Opening and settlement of options

Chat room bonus

Repurchase and burning every month;

Vote to list coins (under test)

Preferential purchase of hot saving products;

Get bonus rebate;

Position and mining;

Reduction of the advertising fee of OTC;

AP integration center;

Exclusive customer service.

*With the development of AOFEX's global ecological building and partnership, more application scenarios and ecological rights and interests of OT will be launched. Stay tuned.

OT (Option Token) is a digital asset issued by AOFEX based on ERC20. 100 million OT are issued in total, including 20% in early circulation and 80% as incentives for users.

OT is used to continuously build and improve AOFEX ecosystem, covering all businesses of the platform worldwide. The application scenarios of OT cover all products and rights and interests on the platform, including but not limited to deducting fees, obtaining airdrop rewards, preferential purchase of hot saving products, bonus rebate, positions and mining, AP integration center, etc.

To increase the ecological value of OT, the platform will establish a sound deflation mechanism, and adopt the mode of burning before output, where the amount of burning ≧ the amount of output. After the launch of OT, the release mechanism of 10% for community operation and 70% for ecological building will not be implemented right now. The specific time will be announced later, along with the specific release purpose, amount and details, to ensure that the circulation volume on the secondary market does not exceed 20% (20 million) of the total amount, until the total amount of burning reaches 20 million.

Risk warning: 

Digital asset is a high-risk investment product featuring by wild fluctuation, round the clock trading and so on. We highly recommend that users involve and invest very carefully after understanding the rules and risks. It is highly necessary to be aware of the risks by considering the experience and tolerance.

Thanks for your support!

AOFEX Global

August 31 2021