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AEVO Token Information! You Need to Know

  • Updated

AEVO is a high-performance, decentralized derivatives exchange platform that focuses on options and perpetual contracts. As the 48th project to join Binance Launchpool, AEVO aims to revolutionize the way traders engage with derivatives.

AEVO token details

Starting from March 8, 2024, users can participate in AEVO mining by staking their BNB (Binance Coin) and FDUSD (a stablecoin) into separate pools. Here are the details:

  • Ticker: AEVO
  • Type: Utility-token
  • Total Token Supply: 1,000,000,000 AEVO
  • IEO (Binance Launchpool): March 8, 2024, to March 12, 2024
  • Raised: $16,600,000 USD
  • Country Limitations: AEVO is not available for residents of certain countries, including the United States, Japan, and Australia.
  • Token Distribution:
    • Initial Private Sale Investors: 18.50%
    • Binance Launchpool: 4.50%
    • Market Makers: 2.00%
    • Team: 23.00%
    • Company Treasury: 2.70%
    • Airdrop: 3.00%
    • DAO Treasury: 36.00%
    • Remaining AEVO in Circulation: 10.30%

AEVO token Features

  • Decentralization

    • AEVO operates as a decentralized platform, which means it is not controlled by any single entity or authority. Instead, it relies on a network of nodes (computers) to maintain its operations.
    • Transparency: Decentralization ensures that all transactions, order placements, and settlements are visible on the blockchain. Users can verify and audit these actions independently.
    • Security: By removing central points of failure, AEVO reduces the risk of hacking or manipulation. Users have control over their funds without relying on a central party.
    • Trust: Decentralization fosters trust among users because the system operates based on predefined rules and smart contracts, minimizing the need for intermediaries.

  • Options Trading

    • AEVO provides a robust options trading platform. Options are financial derivatives that allow traders to speculate on price movements or hedge against risk.
    • Call Options: Traders can buy call options to profit from an expected price increase. If the price rises, they can exercise the option and buy the asset at a predetermined price.
    • Put Options: Put options allow traders to profit from a price decrease. If the price falls, they can sell the asset at a predetermined price.
    • Flexibility: Options offer flexibility in trading strategies, including covered calls, protective puts, and more.

  • Perpetual Contracts

    • AEVO introduces perpetual contracts, which are similar to futures contracts but without an expiry date.
    • No Expiry: Unlike traditional futures contracts, perpetual contracts do not have a fixed maturity date. Traders can hold them indefinitely.
    • Funding Mechanism: Perpetual contracts use a funding mechanism to keep the contract price aligned with the underlying asset’s market price.

  • Off-Chain Orderbook, On-Chain Settlements

    • Orderbook: AEVO’s orderbook, where buy and sell orders are matched, operates off-chain. This ensures fast execution and minimizes congestion on the blockchain.
    • Settlements: However, the actual settlement of trades occurs on-chain via smart contracts. This ensures transparency and immutability.
    • Benefits: Off-chain orderbooks provide efficiency, while on-chain settlements guarantee security and integrity.

AEVO coin roadmap

  • Q1 2024

    • Launch and Airdrop of $AEVO:
      • AEVO tokens are distributed to early supporters and community members.

  • Q2 2024

    • Trading Incentives for Aevo Exchange Traders:
      • AEVO incentivizes liquidity providers and active traders.
    • Launch of Aevo Strategies:
      • Users can create and deploy trading strategies.
    • Spot and Derivatives RFQ Platform:
      • Request-for-quote platform for spot and derivatives trading.
    • $AEVO Staking:
      • Token holders can stake AEVO for rewards.

  • Q3 2024

    • Permissionless Deployments on Aevo L2:
      • Developers can deploy their own projects on Aevo L2.
    • Ecosystem Building for Aevo L2:
      • Partnerships, integrations, and community growth.

The Visionaries Behind AEVO

  1. Ken Chan (Co-Founder)

    • Ken Steven Angeles Chan is a Filipino-Chinese actor, model, television presenter, host, vlogger, and entrepreneur. His showbiz career began as a co-host and performer on German Moreno’s Walang Tulugan with the Master Showman. He gained fame for his roles in TV series like Destiny Rose and My Special Tatay.
    • Ken is also involved in business ventures, including being a part owner of a petroleum company and co-founding a wellness brand that sells imported luxury massage chairs and therapy oil.

  2. Karon Pangestu (Head of Growth)

    • Karon Pangestu is a dynamic entrepreneur who runs a multi-six-figure agency. He helps other entrepreneurs systemize their businesses and achieve success. Despite his young age, Karon manages his business full-time while attending the London School of Economics, which is ranked second worldwide for education in the social sciences and management.

  3. Gabriel Ravindran (Chief Operating Officer)

    • Gabriel Ravindran leads the structured products offering at Ribbon Finance. Prior to joining Ribbon Finance, he worked on an Exotic Derivatives structuring desk at Goldman Sachs in London. His expertise contributes significantly to the development of the platform’s structured products.

  4. Jeremy Obadia (Head of Structured Derivatives)

    • Jeremy Obadia is responsible for leading the structured derivatives offerings at Ribbon Finance. He has a background in quantitative strategies and previously worked on an Exotic Derivatives structuring desk at Goldman Sachs in London. His expertise ensures the success of Ribbon Finance’s structured products.

In summary, AEVO brings innovation to the derivatives market, offering traders new opportunities and a decentralized trading experience. Keep an eye on this exciting project as it continues to evolve. For more details, you can visit the CryptoTotem AEVO page

Website: https://www.bitrue.com/

Sign Up: https://www.bitrue.com/user/register

Disclaimer: This response provides information based on available data and general analysis. It does not constitute financial advice. Always perform your own due diligence and consult with a professional financial advisor before making investment decisions.

 

 

 

 

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