Bitshares---The Platform for platform tokens
AEX exchange is always very supportive to Bitshares, for example, this exchange was the first centralized exchange to support bitcny trading pair.
Today, AEX exchange has just announced that they have issued GAT (Global AEX Token) on the blockchain of Bitshares. The cap of GAT is 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.
Application scenarios of GAT
A, AEX bills are paid through GAT (Implemented).
B, GAT will be widely used in the upcoming AEX community (coming soon).
C, GAT will be used to purchase AEX's VIP membership service (coming soon).
D, GAT will be able to deduct commission on the platform(coming soon).
E, GAT, as a unit of valuation, supports a variety of popular currency transactions(coming soon).
How to get GAT?
If you hold NSS(Previous platform points), BTC, BTS, ETH or LTC on AEX EXCHANGE, you will get GAT freely through airdrop. The airdrop will last for 120 days, and you have to log in everyday to collect.
What it means 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.