Binance New Coin Mining has now launched the 48th project - AEVO, a decentralized derivatives trading platform. As a popular project invested by Binance, #AEVO has always attracted much attention. This time it successfully landed on the Binance Launchpad for new coin mining, and once again became the focus of the market. The off-site price continues to rise. As a golden shovel for mining, BNB It has also been popular and hit a new high today.
Binance has announced that AEVO will be listed on the Binance Launchpool on March 13, 2024. Everyone is very concerned about the price trend of the AEVO token after it is listed. Next, I will make a token price prediction based on Aevo’s main business and features, and Launchpool information for your reference.
On April 7, 2023, the options trading platform #Aevo mainnet was officially launched, allowing users to use USDC for transactions and real settlement. Users will first be able to trade ETH options on the options chain, supporting daily, weekly, monthly and quarterly settled options.
Aevo Exchange is built on Aevo Chain, allowing users to transfer funds to Aevo Chain directly from the Exchange user interface. Initially, Aevo only supported USDC cross-chain. Aevo is launched by Ribbon Finance, an on-chain structured product, and the platform is built on Ribbon Finance’s customized Ethereum Rollup, using an order book and margin model.
Currently, in addition to Ethereum, Aevo has also expanded to Optimism and Arbitrum. Most importantly, Aevo has established a perpetual contract module (Perpetual Futures).
Its technical features and structure include:
· Off-chain order book and risk control engine: Orders are matched off-chain, and will be posted to the Aevo smart contract after successful matching. A risk control engine will check the standard margin or combined margin situation before being uploaded to the chain.
· On-chain settlement: Users’ funds and positions are always kept on-chain, meaning all fund flows occur in smart contracts.
· Layer 2 architecture: The contract runs on Aevo Rollup and publishes a batch of transactions to the main network every hour.
· Liquidation: The risk control engine will conduct liquidation inspection, and the liquidation engine will be responsible for the liquidation operation.
Through the above design, Aevo can achieve efficient matching and low-cost on-chain contracts and options trading, so Aevo has successfully occupied a place in derivatives trading.
Unique Pre-Launch Token Futures
On August 9, Aevo announced the launch of Pre-Launch token futures, providing perpetual contract trading services for upcoming tokens. This product has no index price and no funding rate, but once the token is listed on the spot market, it will immediately start to refer to the index price and enforce the funding rate. Aevo stated that due to the experimental and high-risk nature of the product, Aevo will implement strict position limits and open interest caps in these markets, and the first token to be launched will be SEI.
Previously, before the tokens were officially launched, advance transactions were often conducted through OTC, and were usually in the form of double pledges. The transaction fees were high and funds were occupied. Aevo's move provides users with a safe, effective, and low-rate advance transaction venue to avoid solved the above problems.
The only DEX with an interest-earning mechanism, more than 1/3 of the funds have chosen to be converted to aeUSD
Aevo allows users, aeUSD is an ERC-4626 asset built on L2 Aevo, consisting of 5% USDC and 95% sDAI. By depositing stablecoins into MakerDAO's DSR module, Aevo enables users, market makers, and strategy providers to earn an additional 4.75% APY while depositing stablecoins (similar to last's ETH deposit interest-earning mechanism). This move enables efficient use of user funds and provides potential liquidity reserves for the protocol as a whole. According to Aevo, it is the only DEX with an interest-earning mechanism, and more than 1/3 of the funds have chosen to be converted to aeUSD.
Launchpool and token data
· Launchpool start time: 08:00 on March 8, 2024 (UTC+ 8), lasting 5 days
· Maximum supply of tokens: 1, 000, 000, 000 AEVO
· Initial circulation: 110, 000, 000 AEVO (11% of the maximum supply of the token)
· Total mining amount: 45, 000, 000 AEVO (4.5% of the maximum supply of tokens), of which 36, 000, 000 are in the BNB pool and 9, 000, 000 are in the FDUSD pool
According to Binance, Aevo has completed US$16.6 million in financing in 3 rounds of financing, namely:
· Seed round: 10% of the total, valued at $18.5 million;
· Series A: 4.62% of the total, valued at $130 million;
· Series A+: 3.5% of total amount, valuation $250 million.
It is worth noting that before Ribbon Finance was merged into its derivatives trading platform Aevo, the original token of Ribbon Finance was RBN. RBN holders can convert their RBN to AEVO at an exchange rate of 1:1, which takes 2 months. lock-in period. The remaining unlocking period of RBN proceeds as originally planned. The token issuance schedule is as follows:
· RBN tokens for private investors (seed and series A) and teams will be fully unlocked by May 2024;
· RBN holders can convert RBN to AEVO at an exchange rate of 1:1, with a lock-in period of 2 months;
· AEVO is currently not unlocked for release, but the DAO will allocate 16% to future users and ecosystem incentives, which are expected to take more than 4 years. Currently, RBN is trading on the OTC chain for about 2.2 USDT.
Token price estimate
Aevo's own Pre-Launch market does not list AEVO tokens, while Whales Market's Pre-Market market does, but with fewer orders, and the current floor price is 3.84 USDT/coin.
Based on calculations based on past BNB pools, the average annualized rate of return for the first eight periods is 135%. Assuming that the annualized rate of return for this mining is also 135%, based on 5 days of mining, the token price should reach 3.71 USDT , relatively close to the Whales Market order price. If calculated based on the minimum yield of 70%, the guaranteed price is approximately 1.92 USDT. Calculated based on 110 million coins, the guaranteed circulating market value reaches US$211 million, which is close to the US$250 million valuation of the A+ round of financing.
In addition to airdrops, the platform also plans to open its Layer 2 network to other applications. It uses Layer2 optimistic rollup created using the Conduit rollup platform. It plans to use Celestia to provide data availability so transaction fees will be kept low and open to other protocols. Aevo also plans to further expand into revenue products. In the first quarter of this year, the company plans to launch a yield strategy that will allow users of the platform to invest their cryptocurrencies in various settings designed to generate returns.
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