A quick overview of Binance’s latest Launchpool project AEVO (AEVO)

Source: Binance official website Compiled by: Shan Oppa, Golden Finance

At 15:50 on March 6, 2024,Binance announced:Binance New Coin Mining is now online for the 48th phase of the project - < /strong>AEVO (AEVO), a decentralized derivatives trading platform.

Users can register at 08:00 on March 08, 2024. 00 (East Eight District time) After that, put BNB and FDUSD into the AEVO mining pool on the Launchpad website to get AEVO rewards. A total of AEVO can be mined5 days.

New currency listed

Binance will beAt 18:00 on March 13, 2024 (East Eighth District time)List AEVO (AEVO) and open AEVO/BTC , AEVO/USDT, AEVO/BNB, AEVO/FDUSD and AEVO/TRY trading markets, seed tag trading rules apply.  

AEVO (AEVO) Introduction

• Token name: AEVO (AEVO)

• Token maximum supply: 1,000,000,000 AEVO

• Initial circulation: 110,000,000 AEVO (11% of the maximum supply of tokens)

• Total mining amount: 45,000,000 AEVO (4.5% of the maximum supply of the token)

• Smart contract details: Ethereum

• Restrictions: KYC required

• Personal hourly mining hard cap

• BNB mining pool: 30,000 AEVO

• FDUSD mining pool: 7,500 AEVO 

Mining pool:

• BNB mining pool (the website will announce this 2 Within fourteen hours, updated before the mining activity opens): A total of 36,000,000 AEVO can be mined (80%)

• FDUSD mining Mining pool (the website will be updated within 24 hours of this announcement before the mining activity opens): A total of 9,000,000 AEVO can be mined (accounting for 20%)

• Mining time: East Eighth District time from 08:00 on March 8, 2024 to 07:59 on March 13, 2024

Mining quota stage allocation

 Note: The above table is daily UTC time is used, which is converted into East Eighth District time from 08:00:00 am on the current day to 07:59:59 am on the next day.

Aevo (AEVO) project research report

Aevo is a decentralized A professional derivatives trading platform focusing on options and perpetual trading. The decentralized exchange runs on Aevo L2, an Ethereum roll-up based on the OP Stack.

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

• Aevo's native token has the following use cases:

• Governance: Aevo token holders can contribute to network upgrades, newly listed trading pairs and the DAO Governance to vote

• Staking: Users who stake Aevo tokens will receive discounts on trading fees on the Aevo exchange and trade on Aevo Get higher rewards in the developer reward program

• The protocol consists of the following main components:

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  • Aevo L2: Aevo Exchange at Aevo Running on the L2 chain, this is an Ethereum roll-up based on OP Stack

  • Aevo Exchange: Orders on Aevo Exchange are Sent to off-chain order book but settled on Aevo L2 chain

• The project has been in 3 rounds of financing Raised $16.6 million

• Seed round: 10% of the total amount, valuation is US$18.5 million

• Series A: 4.62% of the total amount , valued at US$130 million

• A+ round: 3.5% of the total, valued at US$250 million

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

Key indicators

Token distribution

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Note: AEVO is built by the team that launched Ribbon Finance. $RBN holders are able to convert their $RBN to $AEVO at a 1:1 exchange rate, which requires a 2-month lock-up period. The remaining unlocking period of $RBN proceeds as originally planned.

Token issuance schedule

• Private investors (Seed and Series A) and team’s $RBN tokens will be fully unlocked by May 2024

• $RBN holders can convert $RBN to $AEVO at an exchange rate of 1:1, with a lock-in period of 2 months

• $AEVO is currently not unlocked and released, but the DAO will allocate 16% to future users and ecosystem incentives, which is expected to take more than 4 years