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Derivatives exchange AEVO has introduced pre-market trading for its upcoming token ahead of a scheduled airdrop on March 13.
Operating on a layer 2 Ethereum network, AEVO is known for its options and perpetual futures trading.
The decision to launch pre-market trading is aimed at increasing awareness of the platform and generating speculation about the future price of the token after the airdrop.
AEVO offers pre-farm incentives to traders based on their trading volume before airdrop.
Some criticism has been directed at AEVO for distributing a relatively small portion of its tokens during the airdrop compared to other projects.
AEVO plans to expand its Layer 2 network for other applications and protocols, leveraging optimistic cumulative technology and data availability solutions.
The platform aims to introduce yield strategies in the first quarter, allowing users to generate returns by investing their cryptocurrencies in various settings.
Some, including Parsec Finance founder Will Sheehan, have raised concerns regarding the ethics and fairness of hosting pre-market trading on its own token. However, AEVO co-founder Julian Koh assured the public that internal controls are in place to prevent employees from trading the token on the market prior to launch.#xrp#TrendingTopic#Aevo#Launchpool