Aevo is introducing an incentive trading and staking program offering enhanced earnings of $AEVO to active participants for a period of four months.
Aevo has unveiled a comprehensive incentive program aimed at traders and stakeholders of its native tokens $AEVO and $RBN. After the Token Generation Event (TGE) on March 13, 2024, which saw the first broadcast of $AEVO, the platform initiated a four-month campaign designed to reward participants and strengthen its position in the competitive crypto market.
The structure of incentives
Aevo’s program fosters an engaging environment for both merchants and players by offering additional $AEVO tokens as rewards. Traders can increase their $AEVO earnings by participating in standing futures or options trades on the Aevo platform. Rewards are calculated based on a “volume boost” formula that includes the value of the trade order multiplied by a combination of base and lucky farm boosts.
Each week, known as an epoch, participants can earn a share of $AEVO emissions proportional to their increased volume compared to the total increased volume of the epoch. This model promotes consistent trading activity on the platform, with a total of 18 epochs planned.
Base and Lucky Farm reinforcements
The program includes two types of boosts:
Base Farm Increase: Traders automatically receive a base increase of 1x to 4x on each trade, depending on their previous 7-day trading volume. This base boost is designed to accelerate the more the user trades, but will drop if trading activity stops.
Lucky Farm Boost: Traders also have the chance to win a rare boost ranging from 10x to 100x. The probability of receiving such a boost increases for sAEVO holders, who have twice the chance of reaching these stages of rarity.
Issue schedule and receive rewards
The Aevo Incentive Program is set to allocate a guaranteed minimum base issue of $1.1 million AEVO per week for trading and $200,000 AEVO for AEVO/RBN staking. The maximum issue cap is set at 6.05 million and 1.1 million $AEVO respectively. Participants will be able to claim their prizes from 10 April 2024 onwards.
Ensuring fair play
To maintain the integrity of the program, Aevo has put in place measures to monitor and sanction laundering trades. Estimated rewards shown in the farming UI may be subject to change after the era is finalized and retroactive inspections are performed.
Empowering community engagement
With this initiative, Aevo aims to improve user engagement and encourage the community to actively participate in the growth of the platform. The incentive program serves as a strategic move to attract and retain traders and participants, contributing to the overall health and liquidity of the Aevo ecosystem.
Aevo’s Growth and Marketing Committee was empowered to make discretionary adjustments to the campaign, ensuring its effectiveness and alignment with the platform’s growth goals.
Conclusion
The launch of Aevo’s trading and staking incentive program represents an innovative approach to encourage user activity and loyalty within its ecosystem. By rewarding consistent trading and staking, Aevo sets a precedent for crypto platforms looking to improve market engagement and strengthen their community engagement.
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