$AEVO - Summary of price shocks and the latest overview.

AEVO unlocked the entire total supply, causing token prices to plummet and increasing token issuance by 800%.

Many people are concerned about AEVO due to bad price charts and negative news, leading to misunderstandings about the project:

AEVO was formerly the RBN project from 2021, once listed on Coinbase. AEVO officially launched in March 2024, with 11% of the total supply previously circulated.

The reason for the switch is because RBN has reached the final stage and wants to launch on Binance.

Currently, about 80% of the tokens are being staked, not in the hands of the developer to dump or rugpull.

Users can access: https://app.aevo.xyz/aevo

to convert tokens. Many conversions have been made, and RBN will gradually disappear with each swap to $AEVO.

However, there are two minuses:

There is no flexibility in conversion, the 1:1 ratio causes AEVO price to dump more strongly than RBN, or perform worse.

Lack of clarity on the conversion: RBN uses 976 million tokens, while AEVO only uses 110 million tokens. Need to clarify the new contract and deal with RBN's excess tokens.

The AEVO project is also to blame for causing damage to those who bought tokens at high prices on Binance (2-3 USD), which is the price to pay for development with a 1:1 swap ratio.

Despite concerns, the project is still moving forward with 80% of tokens in staking contracts, and no signs of rug pulling.

The project team also commits to updating official information to clarify issues.

It is expected that the token price will fluctuate around 0.6-0.7 USD before the official announcement and the price may increase again. AEVO is an options trading project, based on the Opstack platform.

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