I'm still very much bullish about $AEVO . Here's why.
I did mention in my first post about #AEVO prior to listing, that it's going to pump to x3 - x4 of its listing price. And indeed from $1.01 opening price, it zoomed up to $3.50 then traders scrambled at $2.50. The price then started hovering around $2.8 to $3.3 and settled around $2.9 to $3.1 range. I'm still very much bullish that it will break $4 once all the negative sentiments from the frustrated airdrop recipients settle down which is dragging the image of Aevo down, halting its price to reach new heights.
Then I waited for another day for the airdrop to end and thought of sharing with you again what I believe will be the new direction of #AEVO in spite of all the noise and confusions and fear brought about by their major airdrop and the upcoming RBN token swap in less than 2 months time.
I've been watching the charts and the trading data on Binance during the airdrop period worrying it might drop, and still #AEVO stood firm in its bullish stance on a very strong ground.
But you might ask, then why did it drop from its strong ground of $3 down to $2.8?
Looking at the trading data, even though majority of the traders are buyers (60%), the only reason why it dropped is not much because of the price of BTC reversing back to $67k and dragging AEVO with it, but more on the impatient sellers (40%) who might have amassed a good load from the airdrop, and just want to cash out their free tokens whatever the price is. So there was a major increase in outflow from impatient sellers, but the buyers stood firm at their positions hoping to catch the dumped tokens down there at a bargain. (Which is what I intend to do if the price continue to drop to a very attractive price.)
So it's like catching a short term drip from the faucet with a huge bucket, which will not be enough to fill it.
Which means once the dripping is over, comes the pumping.
BUT HOW CAN I SAY IT WILL PUMP AFTER AN AIRDROP AND THERE'S A MAJOR RBN-AEVO SWAP COMING SOON?
Fear not my dear ævlings, citizens of ævoland!
According to Ribbon Finance RGP-33 Merging Proposal, the RBN tokens held by investors, team and corporate property (~20% of total supply) will be re-vested (locked). The other portion of ~45% are held in their DAO Treasury (11% vesting and 34% belongs to the circulating supply). So the remaining 35% in circulation includes the Binance Launchpool allotment, airdrop and in other exchanges.
So you see, the airdrop is just a small portion of the total supply, and the RBN holders will not be able to dump their swapped tokens (in May) for the next couple of months even if they want to. And besides, most of the existing RBNs are being locked up by their holders in order to earn from AEVO's trading fees, etc. So I believe, even after the swap, they will still hold on to their tokens to earn commissions and participate in governance.
So dumping is not really my concern even after the airdrop and after the token swap.
My real concern is, when will the sleeping bull wake up?
That depends on how strong BTC will stand, but most especially how aggressive the team of @Aevo will be in promoting their platform in events, tradeshows, etc. and of course how quickly they can materialize their road map in order not to lose the confidence of its community.
By looking at the trading volume now on Binance, $130M in 24 hours is just a teeny weeny and a revving up. I'm still waiting for the gear to shift and the first $1B volume breakthrough, which is going to propel the price of $AEVO beyond the clouds with over $10 price tag.
Follow me for more insights.

$ETHFI - The latest project on Binance Launchpool
Here are some of the most important things you need to know about #ETHFI to help you decide if you should invest on this project or not. I'm sure you've heard about it from Binance Announcement and from other Square creators. But I decided to wait first for Binance's Research Report and read all about them from Ether.fi website and whitepaper before I wrote this article.
BNB TIP: ✨Before anything else, if you are a $BNB holder, you don't need to worry about missing free tokens from the Launchpool by keeping your BNB in the BNB Vault. You will earn from Binance Simple Earn program and you will never miss a single token from Launchpool projects.
To proceed... unfortunately, there's nothing much to read about #ETHFI from the Research Report uploaded by Binance. In fact, there's zero information about #ETHFI specifically on Ether.fi's website and social media posts. 🙈🙉

So my first impression is that this project doesn't seem to be shrouded with even just a little bit of hype, which is very important to promote a token (but not too much though). Even just a simple tweet about ETHFI, the developer themselves didn't bother to waste time and talk about it. They don't even have an account yet here at Binance Square. 🤷
So this project as of the moment may not be worth much of our attention, 🙄 and investing on ETHFI once listed is still far from being considered potentially profitable. 🤔

But since I hold BNB, I will still be getting free ETHFI during the entire Launchpool farming period no matter what. 🤭

SUMMARY
In a nutshell, Ether.fi is a new staking protocol on #Ethereum which allows you to earn more from staking $ETH through their Liquid Staking Token (LST) called eETH. Their business model is basically increasing profitability in staking ETH and through restaking of eETH, which results to additional rewards and boosted returns. Their emphasis is on security since you retain control of your keys, and further decentralization of Ethereum.
ETHFI comes into play as their native utility and governance token for their staking protocol.

That's all there needs to be said about ETHFI unfortunately. 🤐

TECHNICAL SPECIFICATIONS
👉 Token Name: Ether.fi
👉 Token Symbol: ETHFI
👉 Maximum Supply: 1,000,000,000
👉 Launchpool Allocation: 20,000,000 (2%)
👉 Circulating Supply upon Listing: 115,200,000 (11.52%)

TOKEN ALLOCATION
This is the most crucial part and the only means for us to determine its future value. It's hard to guess how much will be its initial listing price due to lack of vital information. But since there's not much of use for this token except for governance, and given the maximum supply and its tokenomics, I won't peg the price of this token beyond a tenth of a dollar (≤$0.10).

Though I hope I'm wrong so that my free tokens won't be that worthless at the end of the farming period. 🤑
Anyhow, their token allocation doesn't seem to spark any interest on potential buyers like me. Unless you are an ETH lover and you want to stake all your Ether with them. Personally, comparing the 2% Launchpool allocation with their allocations for Airdrop (11%), Investors & Advisors (32.50%) and Team (23.26%), I wouldn't even dare to lock up my $FDUSD with them for a single day.

STAKING RISK FACTORS (FOR ETH HODLERS)
There are a couple of primary factors you need to consider if you want to stake your ETH with them. First is the smart contract risks, which according to their whitepaper, has been "crafted carefully, many times audited, and thoroughly tested" yet "there always exist risks in interacting with smart contracts on the Ethereum network."
Second and most important is the staking and unstaking processes. It's so easy to stake, but is the unstaking all worth the wait? 😴
According to their whitepaper, when you stake your ETH, you will be issued their LST or Liquid Staking Token (eETH) which is then natively restaked into the EigenLayer's Liquid ReStaking Strategy contracts. One needs to understand though that restaked assets are "non-transferrable, non-usable in DeFi, and require 7 days withdrawal period" in order for them to be redeemed back to LSTs. And there's another delay to redeem back your ETH coming from your LSTs.

Doesn't sound too good especially if you are in a hurry to dispose of your ETH should a major price fall suddenly occurs. 🥺

SO WHERE DO WE GO FROM HERE?
Here's my opinion (but not an advise), I think I wouldn't want to stake my FDUSD to earn a little ETHFI with not much of use and value as of this moment. I would make more from Binance Simple Earn Program by converting my FDUSD to USDT and subscribe the whole amount. I still got my BNB locked up at BNB Vault anyway so I will still be getting some of this token from farming, but for what purpose I don't know. Maybe to turn it to an instant free cash upon listing, or just HODL for what the future may hold for this project. 🙏

Maybe before the end of farming period there will be more data available about this token, so I might do a follow up post later. 🤙

PROTECT YOUR FUNDS FROM SCAMMERS
Binance has made it very clear that they will be the first exchange to list ETHFI and will only be available after the Launchpool farming ends and when the listing starts on the 18th of March 12:00 UTC. So anyone offering this token for sale before then is guaranteed a scam.

Follow me for more technical insights on upcoming projects on Binance Launchpool / Launchpad and just about any interesting tokens on the Binance platform.