The statistical criteria for AEVO token unlocking by TokenUnlock are not detailed and accurate enough.

CN
1 year ago

The TokenUnlock's statistics on the unlocking of AEVO tokens are not detailed and accurate enough. It assumes that RBN in circulation will automatically convert to AEVO at a 1:1 ratio on May 15th.

However, the actual situation is more complex. Currently, the official stance has two points:

1⃣ On May 15th, RBN can be exchanged for AEVO at a 1:1 ratio, but it requires the support of CEX. However, CEX is not obligated to assist in the exchange, and there is a great deal of uncertainty about whether it can be exchanged for AEVO when due. For example, MDT announced the exchange in 2022, but it has not been realized to this day.

2⃣ Staking RBN on the Aevo official website allows for the option to exchange for AEVO after two months, but it will result in a loss of two months of staking rewards.

Currently, on Aevo's Staking smart contract, there are 862.49 million AEVO and 240.266 million RBN. Most of the staked RBN, as shown in the attached image, comes from addresses related to the project.

If the automatic exchange occurs upon maturity, the owners of these addresses do not need to sacrifice liquidity for approximately 10% annualized.

On-chain tracking: https://platform.arkhamintelligence.com/tracer/b3dbbec7-5430-4997-ba6a-e5d21c6f886e

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