Learn everything about the Aevo cryptocurrency project and its airdrop eligibility criteria. Unlike typical decentralized exchanges, Aevo is built specifically with derivatives trading in mind. This focus on options and perpetual trading leads to unique features and a tailored user experience. With its innovative off-chain order book and on-chain settlement system, Aevo offers unparalleled advantages in a rapidly evolving market.
Key Insights:
- Underlying Technology: AEVO is a decentralized exchange (DEX) for options and perpetual traders, built on a custom EVM roll-up for unmatched speed and scalability.
- Transaction Settlement: It employs a hybrid model, featuring an off-chain order book for efficiency and on-chain settlement for maximum security.
- Token Economics: The AEVO token powers the platform, driving utility through governance, staking rewards, and fee discounts. The total AEVO token supply is capped at 1 billion.
- Airdrop Eligibility: To increase your chances of receiving the Aevo airdrop, trade on the Aevo exchange.
Aevo: Everything You Need to Know
Aevo is a decentralized derivatives exchange (DEX) that operates as a Layer 2 protocol constructed on top of Ethereum. This means that, while Aevo leverages the bedrock security of Ethereum, it maintains its own network for processing transactions. The primary focus of Aevo is on options and perpetual trading, aiming to provide a user experience that combines the best of both centralized and decentralized exchanges.
One of Aevo’s core features is its emphasis on performance and efficiency. This is achieved by using an off-chain order book with on-chain settlements.
The off-chain order book handles the matching of trades, resulting in lightning-fast execution, while the Ethereum blockchain is used to settle the transactions, ensuring maximum security and transparency. This hybrid model gives users the speed and responsiveness frequently associated with centralized exchanges, along with the trustless nature of decentralized finance (DeFi).
Another critical element of the Aevo platform is its custom-built Layer 2 solution derived from the Optimism (OP) Stack. This scaling solution grants Aevo immense throughput potential, allowing for high volumes of trades to be processed without the bottlenecks common on the main Ethereum network.
As a result, traders avoid the high gas fees and congestion experienced during periods of heavy network activity.
Aevo’s Ecosystem
- Aevo Perpetuals: You can use up to 20x leverage to open long or short positions.
- Aevo Options: Lets you buy contracts giving you the right (but not the obligation) to buy or sell an asset at a certain price by a certain date.
- Aevo OTC: High-volume traders can perform peer-to-peer trades without using the order book.
AEVO Tokenomics and Binance Launchpool Farming
- Token Name: AEVO
- Blockchain: Ethereum (ERC-20)
- Total Supply: 1 billion AEVO tokens
- Initial Circulating Supply: 11% (110 million AEVO)
AEVO is the native token of a decentralized derivatives exchange, Aevo. It serves multiple purposes within the Aevo ecosystem. Holders can use AEVO for governance participation, gaining discounts on trading fees, staking to earn rewards, and potentially providing liquidity incentives on the platform.
Here is the token distribution data:
Binance Launchpool offered a way for users to earn AEVO tokens by staking their BNB or FDUSD.
The staking period will be from March 8, 2024, to March 12, 2024. 80% of the total AEVO token rewards will be allocated to the BNB pool and 20% to the FDUSD pool. Users’ rewards will be calculated based on the proportion of their staked tokens within their respective pools.
For more details about the Launchpool program on Binance: click here
The AEVO Binance Launchpool event will offer 45 million AEVO tokens (representing 4.5% of the total supply) as rewards.
AEVO Airdrop: Step-by-Step Guide
1/ Visit the official AEVO website. Locate the “Launch Exchange” button, typically found in the top-right corner of the website, and click on it. Alternatively, you can directly navigate to perpetual trading to start trading here.
2/ Now, you need to connect your crypto wallet. The Aevo exchange is compatible with Ethereum-based wallets (e.g., MetaMask, Coinbase Wallet). Follow the on-screen prompts to link your chosen wallet to the Aevo platform.
3/ Deposit funds to your account. Select a compatible cryptocurrency to deposit into your Aevo account. Popular options include ETH or USDC (on the Arbitrum or Optimism networks). Initiate a transfer from your crypto wallet to your Aevo exchange address. While there’s no strict minimum, a deposit of around $100-$200 is advisable to demonstrate activity.
4/ To start trading, navigate to the Aevo trading interface. Select a crypto pair (e.g., USDC/ETH) to begin trading. Execute trades to generate volume; the more you trade, the higher your potential airdrop allocation could be. You can use up to 20x leverage for futures trading.
5/ You can also perform additional activities to increase airdrop eligibility. One trick is to consider providing liquidity to earn rewards. You can also join the Discord community.
Conclusion
Aevo is a revolutionary project that aims to bring the benefits of decentralized options trading to the masses. By offering a high-performance, secure, and transparent platform for options and perpetuals, it empowers traders to access a wide range of financial instruments and strategies.
With its innovative features, such as the combined margin account, the off-chain order book, and the on-chain settlement, Aevo sets a new standard for the DeFi space.
As Aevo prepares to launch its token on Binance, one of the world’s leading cryptocurrency exchanges, you can stake BNB or FDUSD to farm AEVO tokens. You can also boost your airdrop chances by trading on the Aevo exchange.
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