Binance unveils the 48th project on its Launchpool: $AEVO.
The introduction of AEVO ($AEVO) to Binance’s Launchpool signifies a significant leap in decentralized derivatives, showcasing the innovation and potential within the cryptocurrency ecosystem.
Users will be able to stake their BNB and FDUSD into separate pools to farm AEVO tokens over five days, with farming starting from 2024-03-08 00:00 (UTC).
Listing
Binance will then list AEVO at 2024-03-13 10:00 (UTC) and open trading with AEVO/BTC, AEVO/USDT, AEVO/BNB, AEVO/FDUSD and AEVO/TRY trading pairs.
About AEVO
Aevo is a decentralized derivatives exchange platform, focused on options and perpetual trading. The DEX runs on Aevo L2, an Ethereum roll-up based on the OP Stack
Aevo’s native token has the following utility:
Governance: Aevo token holders can vote on network upgrades, new listings and on general DAO governance
Staking: Users that stake Aevo tokens will get discounted trading fees on the Aevo exchange and boosted rewards on Aevo’s trader reward program
The protocol consists of the following major components working in conjunction:
Aevo L2: Aevo Exchange runs on the Aevo L2 chain, an Ethereum roll-up based on the OP Stack
Aevo Exchange: Orders on Aevo Exchange are sent to the off-chain orderbook, but are settled on the Aevo L2 chain.
The project has raised $16.6M across 3 rounds.
Seed Round: 10% of FDV at $18.5M valuation
Series A: 4.62% of FDV at $130M valuation
Series A+: 3.5% of FDV at $250M valuation
On March 13rd 2024, the max supply of AEVO will be 1,000,000,000 tokens and the circulating supply will be 110,000,000 tokens.
