5 Facts to Know About the RBN==>Aveo Exchange on May 15th:
1⃣ The circulating rumor that 9 billion tokens of Aveo will be unlocked on May 15th is baseless FUD and rumors. The truth is that on May 15th, RBN will be exchangeable for Aveo at a 1:1 ratio, with the token ownership and lock status remaining unchanged.
2⃣ The DAO treasury controls 45.6% of RBN, with 34.2% in an unlocked state and 11.4% in a locked state. The team holds 6.3% and investors hold 4.3%, totaling 10.6% that will be relocked for one year after the Aveo TGE. The team holds 1.2% and investors hold 2.8%, totaling 4%, which will begin unlocking after the Aveo TGE.
3⃣ According to AGP-1 governance proposal, the current circulating 110 million Aveo tokens are all from the RBN controlled by the DAO treasury for exchange after the Aveo TGE, used for providing liquidity, market growth, and business cooperation expenses, etc.
4⃣ The majority of Aveo and RBN held by the DAO treasury and team-related addresses have already been staked. Additionally, there is almost no price difference between Aveo and RBN at present. Therefore, after the RBN==>Aveo exchange opens on May 15th, there is no so-called massive selling pressure.
5⃣ Given that there is no longer a significant price difference, most RBN holders have no incentive to exchange for Aveo. Furthermore, the Aveo token smart contract has quietly been upgraded, and the smart contract function method "Migrate" supporting manual conversion of RBN to Aveo has been disabled.
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