Binance, a leading cryptocurrency exchange, has unveiled AEVO, a new decentralized derivatives trading platform, as its latest addition to the Binance Launchpool. This move indicates Binance’s ongoing commitment to broadening its offerings in the digital asset space, providing unique opportunities for crypto investors. AEVO is set go live on the Launchpool webpage, heralding the start of an exclusive token farming window.
Stake, Farm, and Earn AEVO Tokens
Crypto investors will have the chance to stake BNB or First Digital USD (FDUSD) tokens to farm AEVO over five days, starting from 03:00 AM local time on March 8, 2024. This initiative enables participants to earn AEVO tokens by staking their digital assets. To promote an equitable reward system, Binance has imposed 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
Following the farming phase, AEVO is scheduled to hit the trading floor on Binance at 1:00 PM local time on March 13, 2024. AEVO’s entry into the market includes an array of trading pairs against BTC, USDT, BNB, FDUSD, and TRY. Initially, AEVO will be identified with a Seed Label, signaling 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.