What is Aevo (AEVO) Project? Where to Buy it?

admin — Wed, 06 Mar 2024 20:00:35 +0000

Aevo (AEVO) (also known as Ribbon Finance) is a derivatives cryptocurrency exchange established on Optimism and offering continuous trading. The exchange, which was established in 2022, lists 68 trading pairs and has a 24-hour trading volume of $654,872,835. In addition, the exchange increases capital efficiency with lower fee charges and transactions with shorter delays.

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What is Aevo (AEVO) Governance?

Currently, the Governance system in DAOs consists of two parts. One is completely centralized and attached to the project team; the other is a decentralized part where users gain a say with their tokens. Aevo, with the help of Snapshot, combines Aevo Governance Proposals (AGP) and voting to offer a hybrid method.

Additionally, accelerating time-sensitive interventions and facilitating governance processes with high iterations are among Aevo project’s objectives. Therefore, two different committees have been established. The members of the committee are composed of DAO members and staff selected by Apogee with annual voting.

Aevo (AEVO) Tokenomics

AEVO is Aevo‘s native token. Among the opportunities it offers to token holders is the right to play an active role in the decisions within the DAO’s authority.

What is sAEVO?

In order for users to stake the AEVO token and get sAEVO, they need to stake their AEVO or RBN tokens on the platform for 3 months.

According to the announcement by the AEVO token team, a fixed 45% of the RBNs owned by Aevo DAO is distributed as follows:

Incentives (Including Airdrop) 16%
Token Liquidity 9%
Community 5%
Unallocated DAO expenditures 16%

Aevo Team

The team includes many developers and innovative engineers. You can see them below:

Where to Buy?

Currently, the token is not listed on any exchange. However, you can join Binance Exchange’s Launchpool event to farm and own Aevo tokens even without being listed on exchanges. If you don’t have a Binance account yet, you can register using the special discounted registration link provided by Coin Engineer.

You can get discounted tickets for the Token 2049 Dubai Event through this link.

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The post What is Aevo (AEVO) Project? Where to Buy it? appeared first on Coin Engineer.

Binance Announces AEVO (AEVO) Launchpool

admin — Wed, 06 Mar 2024 10:42:42 +0000

Binance has revealed AEVO (AEVO), a decentralized derivatives exchange platform, as its 48th Launchpool project. The Launchpool webpage is expected to launch within 24 hours.

AEVO Farming

Users can stake BNB and FDUSD in separate pools to farm AEVO tokens for five days, starting March 8th, 2024, at 00:00 UTC.

Listing

Binance will list AEVO on March 13th, 2024, at 10:00 UTC, with trading pairs including AEVO/BTC, AEVO/USDT, AEVO/BNB, AEVO/FDUSD, and AEVO/TRY. The Seed Tag will be applied to AEVO.

AEVO Launchpool Details

Token Name: AEVO (AEVO)
Max Token Supply: 1,000,000,000 AEVO
Launchpool Token Rewards: 45,000,000 AEVO (4.5% of max supply)
Initial Circulating Supply: 110,000,000 AEVO (11% of max supply)
Smart Contract Details: Ethereum
Staking Terms: KYC required

Staking Limits

Hourly Hard Cap per User:
- 30,000 AEVO in BNB pool
- 7,500 AEVO in FDUSD pool

Supported Pools

Stake BNB (available in ~24 hours): 36,000,000 AEVO in rewards (80%)
Stake FDUSD (available in ~24 hours): 9,000,000 AEVO in rewards (20%)

Farming Period: March 8th, 2024, 00:00 UTC to March 12th, 2024, 23:59 UTC.

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