EVERYTHING YOU SHOULD KNOWABOUT AEVO AHEAD OF MARCH 13TH
MUST READ
1. Aevo, the derivatives exchange, has introduce pre-market trading for its forthcoming token ahead of an airdrop scheduled for March 13.
2. The exchange operates on a Layer 2 Ethereum network and is known for options and perpetual futures trading.
3. The move to introduce pre-market trading aims to raise platform awareness and drive speculation on the token's future price post-airdrop.
4. Aevo is offering pre-farming incentives to traders based on their trading volume leading up to the airdrop.
5. Some criticism has been directed at Aevo for distributing a relatively small portion of its tokens during the airdrop compared to other projects.
6. Aevo plans to expand its Layer 2 network for other applications and protocols, leveraging optimistic rollup technology and data availability solutions.
7. The platform aims to introduce yield strategies in the first quarter to allow users to generate returns by investing their crypto in various setups.
Concerns were raised by some, including Parsec Finance founder Will Sheehan, about the ethics and fairness of hosting pre-market trading for its own token. Aevo's co-founder, Julian Koh, reassured the public that internal controls are in place to prevent employees from trading the token in the pre-launch market.
