The decentralized trading platform Aevo today announced the details of the AEVO token airdrop and its upcoming mining plan.

Decentralized trading platform Aevo

Aevo was launched by the DeFi protocol Ribbon Finance. It is a decentralized trading platform based on the Ethereum Rollup custom chain. The platform’s operational strategy of listing Pre Launch tokens first has attracted many new users. It is worth mentioning that , Aevo's Rollup network also plans to switch to Celestia's modular services to store some transaction data in the near future to save costs, and will also open other protocols to enter its network to expand the ecosystem.

Aevo Farming Program

So far, Aevo has only used an invitation code mechanism to motivate users, and has never introduced a "points program" like most new projects currently. According to Aevo’s announcement, as the community became more and more interested in the points system, the team finally chose to return to the past model and use the “Farming Program” to calculate incentive rewards for platform users.

The official wrote in the announcement:

"The main calculation criteria for the Farming Program will revolve around transaction volume, fees and platform loyalty. Loyalty will be measured based on repeated use of Aevo. In addition, there will be an additional "Farming Boost" factor, which will be your accumulated Multiplier for rewards (also affected by the previously mentioned criteria). "

Officials say that all users who have traded on Aevo so far will be eligible for the AEVO token airdrop, and the Farming Program is their chance to amplify their rewards. The program will launch in the coming days and users can start increasing their Farming Boost by trading on the platform.

Since Aevo often lists popular unissued currency projects earlier than other exchanges (such as the past: TIA, JUP, JITO, SEI, etc.), if users have such trading or hedging needs, they may wish to Trade on Aevo and earn additional token airdrops in the future.

AEVO Airdrop

Once the Farming Program ends, every user on the Aevo exchange will be entitled to receive the AEVO token rewards they earned during this period. The DAO will also provide initial liquidity for AEVO and launch an AEVO staking plan. However, it needs to be emphasized that AEVO is not a brand-new token, but a rebrand of Ribbon Finance’s governance token RBN. Therefore, when the AEVO token is officially issued, the RBN token will be exchanged for AEVO tokens at a 1:1 ratio. .

This article does not play with the points system! Aevo exchange announces mining plan, platform users can receive token airdrops. First appeared on Zombit.