Binance introduces AEVO, a new decentralized derivatives exchange platform, to its Launchpool, allowing users to mine AEVO tokens by staking BNB and FDUSD.
Binance, the world’s leading cryptocurrency exchange, has officially announced the introduction of AEVO (AEVO) to its Binance Launchpool platform. This marks the 48th project to be featured on Launchpool, signaling Binance’s continued commitment to expanding its decentralized finance (DeFi) ecosystem and providing its users with new opportunities in the growing crypto space.
AEVO is a decentralized derivatives exchange platform that uses blockchain technology to offer a secure and efficient trading environment. With a maximum token supply of 1 billion AEVO, Launchpool aims to distribute 45 million AEVO tokens (4.5% of the maximum supply) as rewards to users who stake their BNB and FDUSD.
The betting event is scheduled to start on March 8, 2024 at 00:00 UTC and will last for five days, ending on March 12, 2024 at 23:59 UTC. Participants will be able to farm AEVO tokens by contributing to separate pools of BNB and FDUSD, with a respective reward distribution of 36 million AEVO (80%) and 9 million AEVO (20%).
Binance plans to list AEVO on its exchange platform on March 13, 2024, at 10:00 UTC, with multiple trading pairs including AEVO/BTC, AEVO/USDT, AEVO/BNB, AEVO/FDUSD and AEVO/TRY. The listing will enable wider access and liquidity to the AEVO token after its initial breeding period in the Launchpool.
In preparation for the Launchpool event, Binance users must complete a Know Your Customer (KYC) check and ensure that their country of residence is eligible to participate. It should be noted that residents of certain jurisdictions, including the US, Canada, Japan and several others, are restricted from participating in AEVO farming due to local regulations.
Introducing AEVO to the Binance Launchpool is an important milestone for the platform and the DeFi sector. It reflects the growing interest and development of decentralized financial products and services that offer alternatives to traditional financial systems. AEVO’s focus on derivatives trading positions it as a promising player in the DeFi space, aiming to enhance the trading experience with blockchain’s inherent transparency and security.
Binance encourages interested parties to read AEVO’s research report, which provides an in-depth analysis of the project and its potential impact on the DeFi landscape.
As with any investment in digital assets, Binance reminds users that the cryptocurrency market is subject to high risk and volatility. It is critical for investors to do their research, consider their financial situation and consult with financial advisors before engaging in token farming or trading activities.
The AEVO Launchpool event is part of Binance’s broader initiative to support innovative blockchain projects and foster the growth of the DeFi ecosystem. Binance continues to play a central role in the cryptocurrency industry, providing a platform for new projects to gain exposure and for users to engage with the latest developments in blockchain technology.
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