AEVO Implements New Measures

On March 13, 2024, AEVO token hit an all-time high of $4.46 but has since plummeted, currently trading at $0.52. The dramatic decrease led the project to initiate strategic changes. AEVO’s trading rewards and emissions were recalibrated in response to recent market conditions. Due to decreased trading volumes and a weak altcoin market, the decision was made to discontinue the trading rewards campaign.

AEVO Token Makes Changes to Economy

Despite the market downturn, staking rewards will remain at 100,000 AEVO per week; however, these rewards will not extend into multi-month programs. This decision aims to sustain the reward system while adapting to the evolving market landscape. Access COINTURK FINANCE to get the latest financial and business news.

As per the original AEVO token economy, approved by the DAO in AGP-1, a segment of surplus revenue from Aevo DEX will be used for buybacks. Through 2024, protocol revenues will facilitate monthly buybacks of at least 1 million AEVO tokens, conducted randomly and managed by the DAO’s Treasury and Revenue Management Committee.

Emphasis on Transparency and Stability

The repurchased AEVO tokens will be returned to the main DAO Treasury, with the wallet made public to ensure transparency. Future token economy adjustments will require a vote from token holders. With reduced emissions and initiated buybacks, AEVO’s economic strategy is transitioning from aggressive growth to a more defensive posture, aiming to increase value for token holders and sustain the ecosystem.

Key Takeaways for Investors

– Monthly buybacks of at least 1 million AEVO tokens are planned.
– Staking rewards will stay at 100,000 AEVO per week.
– Future economic adjustments will require token holder votes.
– Transparency is emphasized with public access to the DAO Treasury wallet.
– The project’s focus shifts from growth to maintaining stability and value for token holders.

With the majority of AEVO’s supply already in the market, the project faces minimal unlocking risks. The recent adjustments signify a commitment to prioritizing token holder interests while adapting to market fluctuations, fostering a robust and sustainable ecosystem.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.