AEVO Review: Binance Launchpool’s 48th Project
Aevo enters the cryptocurrency market with a splash, as it joins Binance Launchpool as the 48th featured project. This decentralized derivatives exchange platform promises to reshape how we engage with options and perpetual contracts in the DeFi space.
Binance Launchpool will offer users the opportunity to stake BNB and FDUSD to earn AEVO tokens. The staking period will run from March 8th, 2024 at 00:00 (UTC) to March 12th, 2024 at 23:59 (UTC). AEVO will be listed on Binance on March 13th, 2024 at 10:00 (UTC).
What Is AEVO?
Aevo is a decentralized derivatives exchange platform that prioritizes options and perpetual trading. Built on the Aevo L2, an Ethereum roll-up leveraging the OP Stack, Aevo aims to democratize access to sophisticated financial instruments.
By combining the flexibility of traditional options trading with the transparency of blockchain technology, Aevo seeks to provide a secure and efficient trading environment.
Core Technology of Project
The core technology behind Aevo revolves around its utilization of Aevo L2, an Ethereum roll-up based on the OP Stack. The platform employs Conduit to run the infrastructure and Celestia for Data Availability, aiming to reduce costs for users while enhancing the efficiency of the chain.
Main Products of AEVO
This project offers a diverse range of products catering to various trading strategies and preferences. From options trading to perpetual futures contracts, users have access to a comprehensive suite of financial instruments.
Notable offerings include Perps Trading with over 60 markets, Pre-Launch Trading, and Aevo Options, providing traders ample opportunities to capitalize on market movements.
Tokenomics and Use Case
Key metrics as of March 13, 2024, for AEVO token are as follows:
| Metric | Detail |
| Token Name | AEVO |
| Token Type | ERC-20 |
| Initial Circulating Supply (When Listed on Binance) | 110,000,000 (11% of total supply) |
| Total Token Supply | 1,000,000,000 |
| Binance Launchpool Allocation | 45,000,000 (4.5% of total supply) |
An essential aspect of any blockchain project is its tokenomics and use case. In the case of AEVO, the native token serves multiple purposes. It is used for:
- Staking: Token holders can stake their tokens to earn rewards.
- Trading Fee Discounts: Enjoy discounted trading fees on the Aevo Exchange.
- Governance: Participate in the governance of the ecosystem by voting on proposals that impact the platform.
With a maximum token supply of 1 billion tokens and a carefully planned distribution strategy, the project aims to incentivize active participation in the Aevo ecosystem.
Investors
Aevo has garnered substantial support from influential investors in the crypto space, raising $16.6M across three funding rounds. With backing from funds like Paradigm, Dragonfly Capital, and Coinbase Ventures, Aevo is well-positioned to execute its vision of becoming a market leader in decentralized derivatives trading.
Future Developments and Roadmap
Looking ahead, it has outlined a robust roadmap for future developments. Planned milestones include:
| Q1 2024 | – Launching and airdropping AEVO tokens |
| Q2 2024 | – Introducing trading incentives for Aevo Exchange traders. – Deploying a spot and derivatives RFQ Platform. |
| Q3 2024 | – Implementing permissionless deployments on Aevo L2. – Focusing on ecosystem building for Aevo L2. |
Besides, upcoming collaborations with industry partners like Socket, Conduit, and Celestia demonstrate AEVO’s commitment to strategic partnerships and continuous development.
In Conclusion
In summary, Aevo represents a paradigm shift in decentralized derivatives trading. With its cutting-edge technology, diverse product offerings, and strong investor backing, Aevo is poised to disrupt the status quo and usher in a new era of financial empowerment. As the project continues to evolve and expand its ecosystem, Aevo stands as a beacon of innovation in the DeFi landscape.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
Author
Other Reviews
AEVO Review: Binance Launchpool’s 48th Project
Aevo enters the cryptocurrency market with a splash, as it joins Binance Launchpool as the 48th featured project. This decentralized derivatives exchange platform promises to reshape how we engage with options and perpetual contracts in the DeFi space.
Binance Launchpool will offer users the opportunity to stake BNB and FDUSD to earn AEVO tokens. The staking period will run from March 8th, 2024 at 00:00 (UTC) to March 12th, 2024 at 23:59 (UTC). AEVO will be listed on Binance on March 13th, 2024 at 10:00 (UTC).
What Is AEVO?
Aevo is a decentralized derivatives exchange platform that prioritizes options and perpetual trading. Built on the Aevo L2, an Ethereum roll-up leveraging the OP Stack, Aevo aims to democratize access to sophisticated financial instruments.
By combining the flexibility of traditional options trading with the transparency of blockchain technology, Aevo seeks to provide a secure and efficient trading environment.
Core Technology of Project
The core technology behind Aevo revolves around its utilization of Aevo L2, an Ethereum roll-up based on the OP Stack. The platform employs Conduit to run the infrastructure and Celestia for Data Availability, aiming to reduce costs for users while enhancing the efficiency of the chain.
Main Products of AEVO
This project offers a diverse range of products catering to various trading strategies and preferences. From options trading to perpetual futures contracts, users have access to a comprehensive suite of financial instruments.
Notable offerings include Perps Trading with over 60 markets, Pre-Launch Trading, and Aevo Options, providing traders ample opportunities to capitalize on market movements.
Tokenomics and Use Case
Key metrics as of March 13, 2024, for AEVO token are as follows:
| Metric | Detail |
| Token Name | AEVO |
| Token Type | ERC-20 |
| Initial Circulating Supply (When Listed on Binance) | 110,000,000 (11% of total supply) |
| Total Token Supply | 1,000,000,000 |
| Binance Launchpool Allocation | 45,000,000 (4.5% of total supply) |
An essential aspect of any blockchain project is its tokenomics and use case. In the case of AEVO, the native token serves multiple purposes. It is used for:
- Staking: Token holders can stake their tokens to earn rewards.
- Trading Fee Discounts: Enjoy discounted trading fees on the Aevo Exchange.
- Governance: Participate in the governance of the ecosystem by voting on proposals that impact the platform.
With a maximum token supply of 1 billion tokens and a carefully planned distribution strategy, the project aims to incentivize active participation in the Aevo ecosystem.
Investors
Aevo has garnered substantial support from influential investors in the crypto space, raising $16.6M across three funding rounds. With backing from funds like Paradigm, Dragonfly Capital, and Coinbase Ventures, Aevo is well-positioned to execute its vision of becoming a market leader in decentralized derivatives trading.
Future Developments and Roadmap
Looking ahead, it has outlined a robust roadmap for future developments. Planned milestones include:
| Q1 2024 | – Launching and airdropping AEVO tokens |
| Q2 2024 | – Introducing trading incentives for Aevo Exchange traders. – Deploying a spot and derivatives RFQ Platform. |
| Q3 2024 | – Implementing permissionless deployments on Aevo L2. – Focusing on ecosystem building for Aevo L2. |
Besides, upcoming collaborations with industry partners like Socket, Conduit, and Celestia demonstrate AEVO’s commitment to strategic partnerships and continuous development.
In Conclusion
In summary, Aevo represents a paradigm shift in decentralized derivatives trading. With its cutting-edge technology, diverse product offerings, and strong investor backing, Aevo is poised to disrupt the status quo and usher in a new era of financial empowerment. As the project continues to evolve and expand its ecosystem, Aevo stands as a beacon of innovation in the DeFi landscape.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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