AICoin mining new project Aevo on Binance thoroughly explained

CN
1 year ago

Aevo is a decentralized derivatives trading platform, focusing on options and perpetual trading.

Byline: Binance

Aevo is a decentralized derivatives trading platform that focuses on options and perpetual trading. The decentralized exchange operates on Aevo L2, which is an Ethereum roll-up based on OP Stack.

Aevo is a decentralized derivatives exchange focused on options and perpetual trading, operating on Aevo L2, an Ethereum roll-up based on OP Stack.

The native token of Aevo has the following use cases:

  • Governance: Aevo token holders can vote on network upgrades, newly listed trading pairs, and DAO governance.
  • Staking: Users staking Aevo tokens will receive trading fee discounts on the Aevo exchange and higher rewards in Aevo's trader incentive program.

The protocol consists of the following key components:

  • Aevo L2: Aevo Exchange operates on Aevo L2, which is an Ethereum roll-up based on OP Stack.
  • Aevo Exchange: Orders on Aevo Exchange are sent to the off-chain order book but settled on Aevo L2.

The project has raised $16.6 million in 3 rounds of financing:

  • Seed round: 10% of the total, valued at $18.5 million
  • Series A: 4.62% of the total, valued at $130 million
  • Series A+: 3.5% of the total, valued at $250 million

On March 13, 2024, the maximum supply of AEVO will be 1,000,000,000 tokens, with a circulating supply of 110,000,000 tokens.

Key Metrics

Token Distribution

Note: AEVO is built by the team behind Ribbon Finance. $RBN holders can convert their $RBN to $AEVO at a 1:1 ratio with a 2-month lock-up period. The remaining unlock schedule for $RBN follows the original plan.

Token Issuance Schedule

  • Private investors (Seed round and Series A) and team's $RBN tokens will fully unlock before May 2024.
  • $RBN holders can convert $RBN to $AEVO at a 1:1 ratio with a 2-month lock-up period.
  • $AEVO currently has no unlock release, but 16% will be allocated to future user and ecosystem incentives by the DAO, expected to span over 4 years.

Community

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