Recently, #Binance has announced the launch of LaunchPool for the AEVO project. Then what project is AEVO, special features of the project, USP, side information, $Token AEVO, and most importantly, should I Stake $BNB to receive $AEVO?
1. What is AEVO?
According to the project's white paper
"Aevo is a decentralized derivatives exchange, focused on Options and Perps. The exchange runs on an EVM Roll-up system that interacts directly with the Ethereum network.
Aevo operates off-chain orderbook operations with on-chain payment tasks.
This means that when orders are matched, the transaction will be executed and settled using a smart contract."
*That is the definition, but if you are wondering where the name AEVO suddenly comes from, AEVO is actually the famous project Ribbon Finance from 2021.
2. Unique Selling Points.
Different from other Perp-dex platforms, AEVO is built on a private roll-up blockchain that can interact with Ethereum.
The order matching process is performed off-chain, including steps:
👉 Verify account margin => off-chain order matching => put into smart contract and processed on Native-AEVO-chain.
AEVO Chain is AEVO's own blockchain for operating and processing on-chain transactions on this platform.
The AVEVO team has partnered with Conduit - a company that provides a service platform to initiate and operate Roll-ups through the Rollups-as-a-Service platform.
In addition, users' funds and positions are always on-chain in the Aevo smart contract. This means that all cash flows take place within the project's smart contracts, including option payments, capital payments, and option fee exchanges.
You can see more at the AEVO white paper.
*** Interesting information: Founder of Ribbon Finance, predecessor of AEVO is Julian Koh from Singapore and Ken Chan - used to work as a software engineer at Coin Base (CZ also came from #CoinBase)
3. $AEVO Token:
- $AEVO was formerly $RBN
- $AEVO staking status is updated here as sAEVO & $RBN tokens (former Ribbon Finance token)
The $AEVO token has 2 main tasks:
- Utility tokens
- Administration token of the AEVO project
4. AEVO Binance Launchpool
For those of you holding $RBN, you can swap $RBN to get $AEVO
$RBN token is being traded on centralized and decentralized exchanges for $1.52.
It is expected that the price of $AEVO will be about $5, expected to rise to $8 if the MM team is good.
Full project cap will range from 5B - 8B, a reasonable number.
*** The market is flying, you can stake $BNB or $FDUSD to receive $AEVO. This is the more easier to get $AEVO
