Traders who have not used the platform before will also be able to participate in the event

Aevo decentralized exchange team has announced the AEVO airdrop

13.03.2024 - 13:00

155

2 min

What’s new? The team of the decentralized exchange (DEX) for cryptocurrency trading Aevo has announced the native token AEVO airdrop. It will distribute 30 million coins to users, who will be evaluated on a number of criteria. These include trading volume, time of first transaction and active use, and balance in aeUSD stablecoins.

The exchange’s announcement

What else is known? Distribution of tokens among the exchange users will begin on March 13, unclaimed tokens will be withdrawn after 6 months. At the same time, accounts that open and close positions within a short period of time (so-called wash trade) are excluded from the airdrop.

In addition, traders who have not used Aevo before can participate in the event. In this case, they will receive not AEVO coins, but bonus points based on the trading activity of their wallets on other decentralized derivatives exchanges.

Such participants will be able to collect their points and start trading on Aevo, receiving a 2 to 4x bonus on all trades with AEVO coin. This initiative is part of AEVO’s new farming program.

Also on March 13, crypto exchange Binance listed AEVO, opening trading of the asset in pairs with bitcoin, BNB, USDT, and FDUSD stablecoins, and the Turkish lira. This was preceded by a five-day farming program where users could earn AEVO by locking BNB and FDUSD. At the time of writing the news, the coin’s exchange rate was $3,05.

Aevo is focused on options and open-ended trading. It operates on the eponymous Layer 2 (L2) network based on the Ethereum blockchain and OP Stack architecture from blockchain developers Optimism.

The native AEVO token runs on the ERC20 standard and is used for project management within a decentralized autonomous organization (DAO) as well as staking. For locking coins in staking, users receive discounts on exchange trading fees as well as increased rewards in the trader bonus program.

At the end of three initial funding rounds, the project raised $16,6 million at a valuation of $250 million.

Subscribe to Getblock Magazine and stay up to date with the latest news from the world of cryptocurrencies and the digital economy