$AEVO Token Utility
The AEVO token is the lifeblood of the Aevo platform, a decentralized derivatives exchange focused on options and perpetual trading. Here's a breakdown of its functionalities:
1. Governance: AEVO token holders get a say in the future of the Aevo platform. They can vote on proposals regarding new features, upgrades, and other changes. The weight of your vote is proportional to the amount of AEVO you have staked.
2. Staking: Staking your AEVO tokens brings you two advantages:
- Reduced trading fees: By staking AEVO, you become eligible for lower trading fees on the Aevo exchange.
- Enhanced rewards: Staked AEVO qualifies you for better rewards in Aevo's trader reward program.
3. Additional perks: There's a special class of staked AEVO tokens called sAEVO. These tokens come with some exclusive benefits, such as:
- Participation in special initiatives: This could involve things like commission discounts or early access to new products.
- Boosted voting power: sAEVO holders have double the voting weight compared to regular AEVO tokens.
In summary, the AEVO token plays a central role in the Aevo ecosystem, offering holders the power to shape the platform's development and enjoy economic benefits through staking and potentially sAEVO participation.
