Launchpool Unveils AEVO for Enhanced Crypto Derivatives Trading on Binance

Launchpool Unveils AEVO for Enhanced Crypto Derivatives Trading on Binance

Binance Unveils AEVO on Launchpool

Binance, a leading cryptocurrency exchange, has introduced AEVO, a new decentralized derivatives trading platform, as the latest addition to the Binance Launchpool. This move demonstrates Binance’s ongoing commitment to expanding its offerings in the digital asset space, providing unique opportunities for crypto investors. AEVO is set to go live on the Launchpool webpage, marking the beginning of an exclusive token farming window.

Stake, Farm, and Earn AEVO Tokens

Crypto investors will have the opportunity to stake BNB or First Digital USD (FDUSD) tokens to farm AEVO over a five-day period, starting from 03:00 AM local time on March 8, 2024. This initiative allows participants to earn AEVO tokens by staking their digital assets. To ensure an equitable reward system, Binance has implemented an hourly cap on the number of AEVO tokens users can farm. Participants can earn a maximum of 30,000 AEVO tokens with BNB and 7,500 AEVO tokens with FDUSD per hour.

AEVO Debuts on Binance for Trading

After the farming phase, AEVO is scheduled to enter the trading floor on Binance at 1:00 PM local time on March 13, 2024. AEVO’s market entry includes a variety of trading pairs against BTC, USDT, BNB, FDUSD, and TRY. Initially, AEVO will be identified with a Seed Label, indicating its status as a high-risk new entrant on the Binance platform.

Furthermore, the introduction of AEVO into Binance Launchpool comes with an anticipated maximum token supply of 1 billion. Specifically, 45 million AEVO tokens, representing 4.5% of this supply, are allocated for farming participants. The initial circulation of AEVO will commence with 110 million tokens available, accounting for 11% of the total supply.

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