- Binance introduces AEVO, a decentralised derivatives trading platform, on its Launchpool, offering users the opportunity to farm AEVO tokens.
- AEVO joins the projects featured on Binance Launchpool, as the 48th addition, facilitating decentralised derivatives trading through blockchain technology.
- With a total token supply capped at 1 billion AEVO, the Launchpool incentivises users to stake BNB and FDUSD, rewarding them with 45 million AEVO tokens, in a five-day staking event starting from March 8, 2024.
OUR TAKE
Decentralised derivatives trading platform AEVO now joins Binance, marking a development in the realm of decentralised finance (DeFi). AEVO’s introduction could herald a shift in the derivatives trading landscape. However, understanding the project’s fundamentals, potential risks, and market dynamics to make informed decisions is important.
–Sylvia Shen, BTW reporter
On its Launchpool, Binance launches AEVO, a new decentralised derivatives trading platform that enables users to farm AEVO tokens by staking First Digital USD and Binance coin.
AEVO added to Binance Launchpool
Binance Launchpool, embeded within the Binance exchange, enables users to stake their crypto assets, including BNB and other coins, to earn new tokens from emerging projects.
The cryptocurrency exchange Binance has formally declared that AEVO (AEVO) would be available on its Binance Launchpool platform. This project is the 48th to be featured on Launchpool.
AEVO is a decentralised exchange platform for derivatives that makes use of blockchain technology to provide a safe and effective trading environment.
Also read: Blast Network integration expands Binance Web3 wallet features
Binance Launchpool’s AEVO staking event
With a maximum token supply of 1 billion AEVO, the Launchpool aims to reward customers who invest BNB and FDUSD with 45 million AEVO tokens, comprising 4.5% of the total supply.
The five-day staking event is scheduled to begin on March 8, 2024, and finish on March 12, 2024.
By making contributions to separate BNB and FDUSD pools, users will have the chance to farm AEVO tokens.
Also read: Binance introduces fee-free ‘buy low, sell high’ features
Binance recommends that those who are interested read the AEVO research report, which offers a thorough examination of the project and its possible effects on the DeFi market.
