Aevo (AEVO), previously recognized as Ribbon Finance, is an Ethereum Layer-2 blockchain rollup functioning as a decentralized exchange with an order book structure. Established by Ken Chan and Julian Koh in November 2020, Aevo facilitates trading in various cryptocurrencies, perpetual futures, and Pre-Launch Token Futures. This article addresses two significant questions: What is Aevo (AEVO) and how can one purchase Aevo (AEVO) using Turkish Lira (TRY)?
What is Aevo (AEVO)?
Aevo, initially launched as Ribbon Finance, is designed to operate on Ethereum’s Layer-2 as a decentralized exchange based on an order book. Utilizing the OP Stack and collaborating with Conduit, a Rollup-As-A-Service provider, Aevo efficiently manages rollup transactions. Transactions are sequenced, batched, and transmitted to Ethereum hourly by Conduit, with a two-hour dispute period for potential transaction rejections or approvals. Users can deposit various cryptocurrencies from Ethereum, Optimism, or Arbitrum to Aevo Rollup without incurring gas fees.
Ken Chan and Julian Koh co-founded Ribbon Finance in November 2020 to establish a protocol for structured cryptocurrency products. The protocol was launched in February 2021 with ETH strangle options, followed by Theta Vaults in April 2021. The RBN token was introduced in May 2021 to facilitate community governance. Subsequent versions Ribbon V2 and Ribbon V3 brought advanced vault parameters, automated vaults, and new UX features. Aevo was formally announced on September 28, 2022, and went live on April 7, 2023, with expanded offerings including perpetual futures and Pre-Launch Token Futures.
How to Buy Aevo (AEVO) with TRY?
For Turkish investors, Binance TR is the optimal platform to purchase Aevo (AEVO). Binance TR supports over 100 cryptocurrencies, with quick account creation processes. Follow these steps to buy Aevo (AEVO) with Turkish Lira on Binance TR.
Key Insights for Users
– Binance TR allows seamless TL deposits from various banks, including Vakıfbank, Ziraat Bankası, and others.
– To buy AEVO, users can leverage the integrated search and trading functionalities on Binance TR’s platform.
– Identity verification (KYC) is essential for account security and is easily performed via the Binance TR app or website.
Conclusion
Binance TR, launched by the world’s largest crypto exchange Binance, provides Turkish users with robust trading services, leveraging Binance’s core technology and security. Users can effortlessly deposit and trade Turkish Lira against various cryptocurrencies. The merger of Ribbon Finance and Aevo has streamlined the transition, offering users enhanced trading options and governance through the AEVO token.