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AEVO - The newest project on Binance Launchpool
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#Binance announced the newest project on Binance Launchpool: #Aevo
Is this potential project? Check out my article.
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What is Aevo ?
Aevo is a high-performance decentralized derivatives exchange platform, focused on options and perpetual contracts.
It is built on Ethereum and backed by popular names: Paradigm, Dragonfly, Scalar Capital, Nascent, Ethereal ventures, Alliance, Robot Ventures and Coinbase.
Aevo’s mission is to bring more traders onchain. This platform allowed traders to experience Decentralised trading with CEX-like performance. A dedicated gas environment for a high throughput exchange, and familiar UX for TradFi traders, low latency (<10ms) while inheriting the security of Ethereum.
Let's look at some numbers below.
Currently Aevo's TVL is $87.03m and is constantly increasing week by week.
On Feb 28, 2024 Aevo led the market with a trading volume of over $4B. No other Perp-DEX except dYdX has ever managed to achieve such trading volume.
Main features of AEVO:
Aevo supports options, perpetual futures, and many other products within a single margin account.
Decentralized derivatives exchange (DEX)Focus on options trading.Integration with Ribbon Finance: AEVO stems from the integration and rebranding of Ribbon Finance - a DeFi project focused on options trading. This integration leverages the functionalities and user interface established by Ribbon.Governance token: The AEVO token serves as the governance token for the platform, allowing holders to help shape the future of Project.
In Aevo roadmap, they will launch spot & derivatives RFQ Platform, $AEVO Staking on Q2, 2024 and Ecosystem Building for Aevo L2 on Q4, 2024.
PRICE PREDICTIONS:
Initial Circulating Supply When Listed on Binance: 110,000,000 (11% of total supply)
$RBN Holders may convert $RBN to $AEVO at a 1:1 rate, with a 2 month lock-up period
With the success of the recent Binance launchpool along with the bull market, In my opinion, after listing Aevo's Market cap will be around $500M - $700M, equivalent to AEVO's price will be around $4.5 to $6.4.As usual, the token price will adjust slightly after listing and $RBN converting schedule. Depending on the market situation and will increase again, it is possible to reach the market cap of dYdX $1.7B, corresponding to the Aevo price of about $15 in the end of this year.
Remember, Bitcoin just hit new ATH and it is only a matter of time before the ETH ETF is approved.
The bullrun season has just begun and anything can happen.
More details about launchpool here 👈
#AEVOLAUNCHPOOL #BinanceLaunchpool
If my article is useful, Please like, share and comment below👇
Many thanks !
#Binance announced the newest project on Binance Launchpool: #Aevo
Is this potential project? Check out my article.
=====================================================================
What is Aevo ?
Aevo is a high-performance decentralized derivatives exchange platform, focused on options and perpetual contracts.
It is built on Ethereum and backed by popular names: Paradigm, Dragonfly, Scalar Capital, Nascent, Ethereal ventures, Alliance, Robot Ventures and Coinbase.
Aevo’s mission is to bring more traders onchain. This platform allowed traders to experience Decentralised trading with CEX-like performance. A dedicated gas environment for a high throughput exchange, and familiar UX for TradFi traders, low latency (<10ms) while inheriting the security of Ethereum.
Let's look at some numbers below.
Currently Aevo's TVL is $87.03m and is constantly increasing week by week.
On Feb 28, 2024 Aevo led the market with a trading volume of over $4B. No other Perp-DEX except dYdX has ever managed to achieve such trading volume.
Main features of AEVO:
Aevo supports options, perpetual futures, and many other products within a single margin account.
Decentralized derivatives exchange (DEX)Focus on options trading.Integration with Ribbon Finance: AEVO stems from the integration and rebranding of Ribbon Finance - a DeFi project focused on options trading. This integration leverages the functionalities and user interface established by Ribbon.Governance token: The AEVO token serves as the governance token for the platform, allowing holders to help shape the future of Project.
In Aevo roadmap, they will launch spot & derivatives RFQ Platform, $AEVO Staking on Q2, 2024 and Ecosystem Building for Aevo L2 on Q4, 2024.
PRICE PREDICTIONS:
Initial Circulating Supply When Listed on Binance: 110,000,000 (11% of total supply)
$RBN Holders may convert $RBN to $AEVO at a 1:1 rate, with a 2 month lock-up period
With the success of the recent Binance launchpool along with the bull market, In my opinion, after listing Aevo's Market cap will be around $500M - $700M, equivalent to AEVO's price will be around $4.5 to $6.4.As usual, the token price will adjust slightly after listing and $RBN converting schedule. Depending on the market situation and will increase again, it is possible to reach the market cap of dYdX $1.7B, corresponding to the Aevo price of about $15 in the end of this year.
Remember, Bitcoin just hit new ATH and it is only a matter of time before the ETH ETF is approved.
The bullrun season has just begun and anything can happen.
More details about launchpool here 👈
#AEVOLAUNCHPOOL #BinanceLaunchpool
If my article is useful, Please like, share and comment below👇
Many thanks !
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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