<

Binance Launches AEVO, a Decentralized Derivatives Exchange Platform, On Its Launchpool

Binance has announced the launch of AEVO (AEVO), a decentralized derivatives exchange platform, as the 48th project on its Launchpool platform. Users will be able to stake their BNB and FDUSD tokens into separate pools to farm AEVO tokens over five days, starting from March 8, 2024 at 00:00 (UTC).

AEVO is a decentralized exchange that allows users to trade options and perpetual contracts on various crypto assets, such as BTC, ETH, BNB, and FDUSD. AEVO leverages the power of Ethereum’s layer 2 scaling solution, Aevo L2, which is based on the OP Stack, a roll-up protocol that enables fast and cheap transactions.

AEVO’s native token, AEVO, has multiple use cases within the platform, such as governance, staking, and trading fee discounts. AEVO token holders can participate in the network’s decision-making process, such as voting on network upgrades, new listings, and general DAO governance. Users who stake AEVO tokens can enjoy lower trading fees on the AEVO exchange and higher rewards on the AEVO’s trader reward program. AEVO also has a Seed Tag, which indicates that the project has undergone a rigorous vetting process by Binance and its partners.

According to the AEVO Launchpool details, the maximum token supply of AEVO is 1,000,000,000 AEVO, of which 45,000,000 AEVO (4.5%) will be distributed as Launchpool rewards. The initial circulating supply of AEVO will be 110,000,000 AEVO (11%). The smart contract address of AEVO is 0x… (Ethereum). Users who want to participate in the Launchpool must complete KYC verification and abide by the hourly hard cap per user, which is 30,000 AEVO for the BNB pool and 7,500 AEVO for the FDUSD pool. The supported pools are:

  • Stake BNB: 36,000,000 AEVO in rewards (80%)
  • Stake FDUSD: 9,000,000 AEVO in rewards (20%)

The farming period will last from March 8, 2024 at 00:00 (UTC) to March 12, 2024 at 23:59 (UTC). The daily rewards for each pool are as follows:Bảng

Dates (00:00:00 – 23:59:59 UTC each day)Total Daily Rewards (AEVO)BNB Pool Daily Rewards (AEVO)FDUSD Pool Daily Rewards (AEVO)
2024-03-08 – 2024-03-129,000,0007,200,0001,800,000

Binance will list AEVO on March 13, 2024 at 10:00 (UTC) and open trading with the following pairs: AEVO/BTC, AEVO/USDT, AEVO/BNB, AEVO/FDUSD, and AEVO/TRY.

AEVO is a promising project that aims to provide a decentralized and scalable solution for derivatives trading in the crypto space. Users who are interested in AEVO can visit the Binance Launchpool webpage (which will be available in around 24 hours) to learn more about the project and join the Launchpool.

Read more:

Join us on Telegram

Follow us on Twitter

Follow us on Facebook

Follow us on Reddit

You might also like