Binance, the leading cryptocurrency exchange platform, has unveiled AEVO (AEVO), a decentralized derivatives exchange platform, as its 48th Launchpool project. This announcement comes with great anticipation as AEVO aims to revolutionize the decentralized finance (DeFi) space with its innovative offerings. The Launchpool webpage is set to go live within the next 24 hours, marking the beginning of an exciting journey for AEVO enthusiasts and cryptocurrency investors alike.
AEVO Farming: Stake BNB and FDUSD to Earn AEVO Tokens
One of the key features of AEVO is its farming mechanism, allowing users to stake Binance Coin (BNB) and FDUSD in separate pools to farm AEVO tokens. The farming period is scheduled to commence on March 8th, 2024, at 00:00 UTC and will run for five days. During this time, participants can earn AEVO tokens based on their staked assets, providing an opportunity for passive income generation within the AEVO ecosystem.
Listing on Binance: AEVO Goes Live on March 13th, 2024
Following the farming period, Binance will list AEVO on March 13th, 2024, at 10:00 UTC, enabling trading pairs such as AEVO/BTC, AEVO/USDT, AEVO/BNB, AEVO/FDUSD, and AEVO/TRY. The Seed Tag will be applied to AEVO, signifying its inclusion in Binance's Launchpool initiative. This listing marks a significant milestone for AEVO, opening up avenues for liquidity and accessibility to a global audience of traders and investors.
AEVO Launchpool Details: Token Supply, Rewards, and Staking Terms
AEVO boasts a maximum token supply of 1,000,000,000 AEVO, with 45,000,000 AEVO (4.5% of max supply) allocated for Launchpool token rewards. The initial circulating supply stands at 110,000,000 AEVO (11% of max supply), providing a solid foundation for the project's growth and development. Smart contract details reveal that AEVO operates on the Ethereum blockchain, emphasizing its commitment to interoperability and security.
Staking terms for AEVO Launchpool require Know Your Customer (KYC) verification, ensuring compliance with regulatory standards. Additionally, staking limits are set to maintain fairness and prevent excessive concentration of rewards. Users can stake up to 30,000 AEVO in the BNB pool per hour and up to 7,500 AEVO in the FDUSD pool per hour, fostering a balanced participation framework.
Supported Pools and Farming Period
The AEVO Launchpool offers two supported pools for staking:
- Stake BNB (available in approximately 24 hours): Participants can earn a share of 36,000,000 AEVO in rewards, representing 80% of the total allocation.
- Stake FDUSD (available in approximately 24 hours): Users have the opportunity to earn a portion of 9,000,000 AEVO in rewards, constituting 20% of the overall reward pool.
The farming period is scheduled to run from March 8th, 2024, 00:00 UTC to March 12th, 2024, 23:59 UTC, providing a limited-time opportunity for users to participate in AEVO staking and earn rewards.
In conclusion, AEVO's introduction as the 48th Launchpool project on Binance marks a significant milestone in the evolution of decentralized finance. With its innovative farming mechanism, robust tokenomics, and commitment to user-centric principles, AEVO is poised to disrupt the derivatives market and empower individuals worldwide to participate in the future of finance.
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