AEVO Introduction
AEVO, the native token of the Aevo network (ticker symbol AEVO), is a cryptographically secure fungible token with unique governance and utility functions on Aevo. The primary design goal of AEVO is to serve as an interoperable utility token on the network.
AEVO grants its holders the ability to propose and vote on future functions, upgrades, or parameters of the Aevo network, highlighting its role in promoting decentralized community governance. The voting rights of token holders are limited to voting on Aevo features and do not involve decisions on the operation and management of the company, asset disposition, or development direction. Clearly, AEVO does not represent any form of equity or partnership.
Furthermore, AEVO provides economic incentives that encourage users to contribute to and participate in the Aevo ecosystem, creating a mutually beneficial system where every participant is fairly compensated for their efforts. AEVO is an essential and integral part of Aevo, as without AEVO, there would be no incentive for users to engage in activities or provide services for the benefit of the entire ecosystem.
The distribution of AEVO is based on the actual use, activity, and effort of users on Aevo, meaning that inactive users will not receive AEVO rewards. Importantly, holding AEVO does not represent any form of company shares, ownership, or entitlement to profits, nor does it promise any form of fees, dividends, revenue, profits, or investment returns.
Lastly, it is worth mentioning that the secondary market pricing of AEVO is not dependent on the effort of Aevo project contributors, and its functionality or scheme is not designed to control or manipulate such pricing. Any sales or distribution of AEVO are only conducted during the initial phase to secure project development funds, raise market/brand awareness, and engage in community building and social interaction, which does not constitute a regular business practice.
Ticker: AEVO
Blockchain: Ethereum
Contract Address: 0xB528edBef013aff855ac3c50b381f253aF13b997
Maximum Supply: 1,000,000,000
The AEVO token, as a rebranded product of the original governance token RBN under Ribbon Finance, was implemented through the latest governance proposal RGP-33.
As a successor to RBN, AEVO's distribution largely continues RBN's market layout, with the DAO treasury being the largest token holder. Although previously the treasury's funds were mostly used to support RBN's liquidity pool and were less involved in other productive activities, the new proposal AGP-1 suggests a more dynamic and functional way of allocating these funds.
Under the new distribution strategy, 45% of RBN owned by the DAO will be converted to AEVO and distributed as follows: up to 16% of AEVO will be used for incentives (including airdrops), managed by the Growth and Marketing Committee to promote the governance token and attract more users and liquidity; up to 9% of AEVO managed by the Treasury and Revenue Management Committee will be used to support AEVO's liquidity on various decentralized and centralized exchanges; up to 5% of AEVO will be used for community growth and bounty tasks, also managed by the Growth and Marketing Committee.
The unmarked 16% of funds will be reserved for future DAO expenditures. It is noteworthy that Aevo project contributors will receive a 2% allocation annually from this portion. This tokenomic structure is designed to provide a solid foundation for the long-term growth and prosperity of AEVO's community.
Website: https://www.aevo.xyz/
Twitter: https://twitter.com/aevoxyz
Discord: https://discord.gg/aevo
Aevo is a high-performance decentralized derivatives trading platform specializing in options and perpetual contracts. The platform operates on a custom EVM roll-up and ultimately aggregates to the Ethereum network. Aevo uses an off-chain order book with on-chain settlements, where once orders are matched, trades are executed and settled via smart contracts.
As the first derivatives Layer 2 network (L2) focusing on options and perpetual contract trading, Aevo has built a highly robust centralized limit order book (CLOB) decentralized exchange on the Aevo L2 rollup using the Optimism tech stack. The platform also features Aevo Strategies (automated strategies), an architecture that significantly reduces gas costs and latency while notably enhancing liquidity and capital efficiency.
Q1 2024:
Aevo will officially launch and carry out an AEVO token airdrop, providing community members with an initial opportunity to participate.
Q2 2024:
Aevo plans to introduce a trading incentive program to encourage more traders to engage in trading activities at the Aevo exchange. Concurrently, Aevo Strategies will be launched, offering traders automated trading strategy options. Additionally, a spot and derivatives request for quote (RFQ) platform will be launched, along with the activation of AEVO staking.
Q3 2024:
Aevo will enable permissionless deployments on its L2 network, further promoting ecosystem building and enhancing the platform's decentralization and user autonomy.
The Ribbon Labs Foundation, also known as Aevo DAO, is an autonomous entity formed by holders of AEVO and sAEVO tokens. The organization is committed to advancing the growth and development of the Aevo platform through both profit-oriented and non-profit initiatives. The main tasks of Aevo DAO include:
1. Governance and Guidance: Aevo DAO participates in governing and guiding the development of Aevo through formal voting processes, using the tools and rules provided in this document, while ensuring compliance with all prevailing laws.
2. Funds Management: Holds and safeguards the AEVO token treasury, ensuring the secure and judicious use of funds.
3. Support for Growth: Financially supports the growth and maintenance of Aevo, providing necessary funds for the platform’s ongoing development.
4. Liquidity Maintenance: Implements strategies to maintain the liquidity of the AEVO governance token, ensuring active token trading.
5. Community Development: Promotes the development of Aevo's user community by enhancing participation and a sense of belonging through various activities and projects.
Purchasing AEVO tokens on the cryptocurrency exchange platform LBank is straightforward. Here's a step-by-step guide:
1. Log into your account: Ensure you're registered and logged into your LBank account, then click the "Trade" option in the top menu bar to start the trading process.
2. Search for AEVO: Use the search function within the trading platform to find "AEVO", locate the trading pair, such as AEVO/USDT, and click to enter its dedicated page.
3. Place an order: In the AEVO/USDT trading page's spot trading area, enter the amount of AEVO you wish to buy. If you want to complete the purchase immediately at the current market price, select a market order and then click the "Buy" button.
4. Confirm the order: A confirmation window will pop up. After verifying the order details are correct, confirm to place your order. Once the transaction is successful, the purchased AEVO will automatically be deposited into your LBank spot wallet.
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