What is Aevo?
Aevo is a decentralized derivatives trading platform (Perpetual DEX), built on Aevo Chain - a Layer 2 solution using the OP Stack toolkit. Therefore, Aevo is aiming to optimize the experience and increase processing speed when users trade options and perpetualon-chain.
In addition, the platform also provides a suite of products such as margin, otc... to support investors' trading process to become optimal by increasing transaction speed, saving costs and limiting the possibility of trading. liquidated to users.
Aevo built its own new chain called Aevo chain
The predecessor of Aevo is the Ribbon Finance(RBN) project that once reached ATH 5$ FDV 5B$
2024 project rebrands from RibbonFinance to Aevo
All RBN Tokens will be exchanged 1:1 to Aevo
But since the conversion on May 15, I checked on token unlock, chainbroker, droptab:
Total RBN in circulation is currently 950M
RBN converted to AEVO is 100M AEVO
And check on coinmarketcap, coingecko:
Total RBN in circulation is currently 150M
RBN converted to AEVO is 100M AEVO
But if the conversion is 1:1, I don't know how the Team does business while RBN tokens are more than AEVO tokens.
But what I am sure of is that 100M AEVO converted from RBN is mostly held by the Team because the person holding the most RBN is definitely their Team with only a small part of the community and Vcs
Renaming a project is also a notable thing.
We have to ask why they changed the name.
There are many cases but I think they have had enough from the previous project.
Now it's easier to build a new project and push it up than to push an old project when the chart has been xml dumped.
This shows that Team AEVO (formerly Team RBN) has a lot of money as they have taken advantage of the 2021 uptrend wave.
You can go to Trangdingwiew to review the RBN chart and see that after listing the floor, there was a massive sell-off, then there was a push back to sell.
Before converting 1:1 to AEVO on May 15, push the last beat to continue selling.
This shows the vision of the Project.
Aevo will probably be like RBN Team, not going long term but just short term speculating to catch the next uptrend wave but adapting accordingly.
So paying attention to the AEVO project for the uptrend wave can help them later.
AEVO has some products left.
+Option
+Perpetual
+Theta Vaults
+Earn Vaults
+OTC
I will not analyze these products because there is nothing outstanding and most of them are just project drawings.
In short, AEVO is a layer2 on Ethereum that works on a DEX platform using Op Stack technology.
Tokenomisc:
+Total Supply: 1,000,000,000 AEVO
AEVO Token Allocation
TEAM
+DAO Treasury: 36%
+Team: 23%
+Remain RNB in Circulation: 10.3%
+Company Treasury: 2.7%
Vcs
+Private Sale: 18.5%
Community
+Binance Launchpool: 4.5%
+Airdrop: 3%
MM
+Market Maker: 2%
Considering the Token allocation clearly shows the project's dominance
+While Team holds 72% of tokens
+Vcs + MM accounts for 20.5% of tokens
+The community holds very little, only 7.5%
But of that 7.5%, it is not certain that the community holds all of it.
Who has the most BNB & FDUSD => WHALE, Exchange
Who Trangding on AEVO the most to get Aridrop => WHALE
If you analyze, in terms of percentage, the community probably holds about 4% of tokens.
This shows that this AEVO project is heavily influenced by large organizations such as TEAM, Vcs, MM, San, Whale
This is very beneficial for pushing up prices.
2% for MM shows the project's thorough preparation for the upcoming uptrend wave
But how large the organization cooperates is another matter if
Organizations cooperate with each other, this will be a big project in the uptrend
If organizations do not have unity, it will be very difficult to make things happen later.
Remain RNB in Circulation after May 15 will be changed from RBN token to AEVO will be locked for 2 months
I read some information that 10.3% of Remain RNB in Circulation will be converted as follows
Token Allocation With AGP-1, the project proposes a Treasury capital allocation that will be converted to AEVO at the time of TGE 45% of the RBN owned by the DAO as follows:
+16% of AEVO for Incentives (including Airdrop)
+9% of AEVO for Liquidity
+5% of AEVO for Community and Rewards
+16% reserved for future DAO operations. Aevo Project Contributors' annual allocation of +2% will come from this portion.
Looking at the conversion, it seems that most of it is for the community, but when looking closely, the Team holds the most.
Conclude
AEVO has a pretty nice Token Allocation, just hope Team, Vcs, MM, Whale don't disappoint small investors
Investors
AEVO calls a total of 5 rounds
+Seed round 1.85M (price 0.0185$ => 10%FDV) valuation 18.5M$
+Series A 6.01M (price 0.13$ => 4.65%FDV) valuation 130M$
+Series A+ 8.75M (price 0.25$ => 3.5%FDV) valuation 250M$
+Funding Round ?M
+Funding Round ?M
In terms of AEVO funds there are many large funds.
5 tier 1 funds
Binance , Coinbase, Paradigm, Dragonfly, Pantera
And 5 other small funds
Robot, Scalar, Nascent, Ethereal, Alliance
This is what I checked on droptab
AEVO has a total of 10 participating funds, not too many, not too few, but the good thing is that there are 5 tier 1 funds, especially binance and coinbase, the two top 1 and top 2 CEX exchanges that back it up, which makes me very impressed.
5 tier 1 funds show that AEVO is no pushover as funds all want to invest
Having 10 funds participating is difficult for cooperation, but with such a great backer team, I have high expectations for it.
Especially 2 rounds after 2 Funding Rounds, Binance labs went to both and not just 1 round but 2 rounds.
More specifically, both rounds of Binance labs went alone.
Shows the project's attractiveness to large funds
If a project has 10 participating funds, of which only 1 to 2 are tier 1 funds, I don't think it's good.
But aevo has 10 participating funds, but 5 tier 1 funds are a powerful and very notable backer team.
2 Funding Rounds are not included in the token allocation schedule so TEAM will take from the treasury section so we can increase the total Vcs tokens held to over 20%
About the development team
The project is not announced but in the above part the project says the name changed from Riobbon Finance showing that most of AEVO's Team is Robbin Finance's Team
There are some websites that say so.
+Core team from Coinbase and GoldmanSachs
+Ken Chan: Co-Founder
+Julian Koh: Co-Founder
+Jeremy Obadia: Head of Structured Products
Development Team from Coinbase and GoldmanSachs
2 famous companies in the world show that AEVO's Team is quite good
Token Allocation Schedule
Looking at the token payout schedule shows that the AEVO project is short-term
While many Tokenomisc projects take 5-8 years to complete their total supply, AEVO only takes 3 months to complete its total supply.
This also has to be put in our mind why is it so?
Aevo listing on 3/3/2024 and 5/24/2024 full supply
then that is the vision of the aevo project that will probably explode in the uptrend wave because tokenomics is designed for the project to push early and all in on the big wave of the market
But this can make it difficult for the project to go far and survive through many market cycles.
I repeat that it is difficult to go far, not to say death because the future is unpredictable, this is just my opinion.
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