Aevo, a booming name in the decentralized finance (DeFi) landscape, has just announced a major airdrop event scheduled for March 13, 2024.
Aevo has allocated a whopping $30 million AEVO tokens for distribution. The Airdrop aims to reward users based on several criteria, including traded volume before and during their “farm boost” phase, aeUSD balance, starting Aevo’s first trade, and overall active use of the platform.
Aevo is a high-speed decentralized derivatives exchange focused on options trading. It uses a custom Ethereum virtual machine (EVM) collection that settles on the Ethereum blockchain. Aevo has an off-chain order book where trades are matched but settlements are made on-chain via smart contracts. This hybrid model combines the speed of off-chain order matching with the security of on-chain settlement. By using pooling technology, Aevo can offer derivatives exchanges with the decentralization and reliability of Ethereum, but with significantly greater performance and lower fees than trading directly on the Ethereum mainnet.
Understanding the diversity of its user base, Aevo has carefully crafted its reward system to value long-term users, those experimenting with collateral options and genuine trading activities. In contrast, punitive measures have been outlined against accounts that have attempted to exploit the system through deep out-of-the-money (OTM) options and laundering activities.
Aevo also set a deadline for airdrop claims, stating that all unclaimed tokens will be withdrawn six months from the airdrop date. This adds an element of urgency for users to engage with the platform and claim their rewards.
In a sign of inclusivity, Aevo’s airdrop extends beyond the existing user base. Traders who have not previously engaged with Aevo but have been active on other decentralized derivatives exchanges (DEX) are also recognized. These non-Aevo traders are allocated farm increases that can be claimed and used to potentially earn between 2x to 4x more $AEVO tokens when they start trading on Aevo.
Aevo has also not overlooked their veRBN max lockers, hinting at an upcoming targeted activity to further engage this group, with more details to be revealed in the coming weeks.
The Aevo team is also preparing to launch a new trading incentive campaign to encourage further staking and trading on their platform. As part of its communication strategy, Aevo invites users to subscribe to the latest updates directly to their inbox, ensuring that stakeholders are well informed about future developments and opportunities.
For those interested in the intersection of cryptocurrency and blockchain collectibles, Aevo has made it possible to mint the airdrop message as a non-fungible token (NFT) to add to one’s collection, demonstrating their innovative approach to engaging with the crypto community.
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