Binance Unveils Aevo Launchpool
Binance, the world’s largest cryptocurrency exchange, has introduced AEVO (AEVO) as the 48th project on the Binance Launchpool platform, a decentralized derivatives exchange. The web page is expected to be available 24 hours before the Launchpool starts.
Users will have the opportunity to stake their BNB and FDUSD in separate pools for five days to farm AEVO tokens. The farming is set to begin on March 8, 2024, at 00:00 UTC.
Following this, Binance will list AEVO on March 13, 2024, at 10:00 UTC, and open trading pairs such as AEVO/BTC, AEVO/USDT, AEVO/BNB, AEVO/FDUSD, and AEVO/TRY. A “Seed Tag” will be applied to AEVO.
Details of AEVO Launchpool
- Token Name: AEVO (AEVO)
- Maximum Token Supply: 1,000,000,000 AEVO
- Launchpool Token Rewards: 45,000,000 AEVO (4.5% of the maximum token supply)
- Initial Circulating Supply: 110,000,000 AEVO (11% of the maximum token supply)
- Smart Contract Details: Ethereum
What is the Aevo Project?
Aevo is a high-performance, decentralized derivatives exchange platform that focuses on options and perpetual contracts. The exchange operates on a private EVM roll-up that rolls up to Ethereum. Aevo runs an off-chain order book where trades are matched and settled with smart contracts. This means that when orders are matched, transactions are executed and settled with smart contracts.
Supporting options, perpetual futures, and many other products within a single margin account, Aevo combines off-chain matching with on-chain settlement. This allows traders to have exceptional performance and low latency while taking over the security of Ethereum.
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