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The giant cryptocurrency exchange Binance has announced AEVO (AEVO), a decentralized derivatives exchange platform, as the 48th project on Binance Launchpool. The announcement comes during a busy period for Binance as it continues to expand its ecosystem and offer innovative opportunities for cryptocurrency enthusiasts. The dedicated webpage for AEVO on Launchpool is expected to go live within 24 hours before the start of Launchpool.
AEVO Farming Available for Five Days
Following the start of the Launchpool period, users will have the opportunity to stake their BNB (BNB) and First Digital USD (FDUSD) tokens in separate pools to farm AEVO tokens over a five-day period. The farming process will begin at 03:00 AM local time on March 8, 2024, and participants will start collecting AEVO tokens through their staked assets.
To ensure fair distribution of rewards, Binance has set a fixed hourly limit per user for those staking their assets in the BNB and FDUSD pools. Accordingly, users will be able to farm up to 30,000 AEVO tokens per hour in the BNB pool and 7,500 AEVO tokens in the FDUSD pool.
Listing on March 13
After the farming period, Binance will list AEVO for general trading at 1:00 PM local time on March 13, 2024. The listing for AEVO will include trading pairs AEVO/BTC, AEVO/USDT, AEVO/BNB, AEVO/FDUSD, and AEVO/TRY.
At the time of listing, AEVO will be tagged with a Seed Label. This label indicates that the altcoin is newly listed on the Binance platform and is considered a risky token status.
On the other hand, AEVO, the latest member of Binance Launchpool, will enter the market with a maximum supply of 1 billion tokens. As part of Launchpool, 45 million AEVO tokens, corresponding to 4.5% of the maximum token supply, will be allocated as rewards for participants. Additionally, the initial circulating supply of AEVO is set at 110 million tokens, which corresponds to 11% of the maximum supply.
