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Aevo, emerging as a promising player in the decentralized finance (DeFi) space, offers a decentralized derivatives exchange with a strong focus on options and perpetual trading. The platform, supported by the Aevo Layer 2 network, an Ethereum roll-up based on the OP Stack, aims to provide users with efficient and cost-effective trading solutions. In this article, you can find answers to many questions such as what is AEVO announced as the 48th Launchpool of Binance, what is AEVO coin, and how to buy AEVO coin.
What is Aevo?
Aevo, at its core, aims to create a DeFi super app starting with derivative trading as part of its inclusive mission. Aevo meets many needs of investors and traders who want to trade in derivative markets with a comprehensive product suite including Perpetual Trading, Pre-Launch Trading, and Options Trading across more than 60 markets.
Aevo’s technical infrastructure is supported by the Aevo Exchange, which operates on the Aevo Layer 2 network. This Ethereum rollup, while benefiting from OP Stack, uses Conduit to run its infrastructure. In particular, the Aevo Layer 2 network includes Celestia for data availability, a strategic move aimed at reducing costs for users transacting on-chain.
In terms of resource creation, Aevo successfully raised $16.6 million in three funding rounds. The funding round achieved 10% of the fully diluted valuation (FDV) at a valuation of $18.5 million, followed by the Series A funding round, which achieved 4.62% of the FDV at a valuation of $130 million. Subsequently, the Series A+ funding round reflected increasing investor confidence in Aevo’s vision and potential by achieving 3.5% of the FDV at a valuation of $250 million.
AEVO Coin Review
AEVO coin, the native asset of Aevo, extends to various aspects of the platform’s ecosystem. AEVO coin holders have governance power that allows them to participate in decisions related to network updates, new listings, and general DAO management. Additionally, users who stake AEVO coins gain access to discounted trading fees on the Aevo exchange and enhanced rewards through Aevo’s trader reward program.
The maximum supply of AEVO coin is 1 billion, and 45 million coins, corresponding to 4.5% of the supply, will be distributed in the Binance Launchpool. Following the Binance listing, the initial circulating supply of the altcoin will be 110 million AEVO coins, corresponding to 11% of the maximum supply.
Looking ahead, Aevo appears ready to take significant steps in the DeFi space, leveraging its strong technical infrastructure, innovative product offerings, and strategic partnerships. The platform is well-positioned to lead to more innovation and change in the world of derivative trading as it continues to enhance its features and expand its user base, contributing to the ongoing development of DeFi.
How to Buy AEVO Coin?
AEVO coin can be safely bought and sold from Binance, the world’s largest cryptocurrency exchange by trading volume. AEVO coin will be listed on Binance on March 13, 2024, and will be available for trading in AEVO/BTC, AEVO/USDT, AEVO/BNB, AEVO/FDUSD, and AEVO/TRY pairs.
To buy AEVO coin, one must first register on the Binance exchange if not already a member. After completing the registration process, cryptocurrency or fiat currency such as Turkish Lira should be transferred to the account wallet on Binance. Once the transfer is complete, AEVO coin can be purchased from any of the five trading pairs mentioned above.
To purchase from the AEVO/USDT trading pair on Binance, one should first go to the interface of this trading pair. In the limit tab of the trading pair interface, the desired amount to be purchased is entered. Once the amount is entered, the purchase is completed with the AEVO Buy order.
