Binance has announced that its Launchpool platform will soon support a new decentralized derivatives exchange altcoin. The upcoming project, named Aevo (AEVO), will be an Ethereum-based digital asset exchange that offers options, perpetual futures, and other products through a single margin account. Users will be able to stake BNB and FDUSD to farm AEVO tokens starting on Friday. AEVO tokens will be listed for trading on March 13th, with a seed tag applied to signify potential volatility. Aevo aims to launch staking and trading incentives for its exchange traders in the second quarter of 2024, followed by ecosystem development and permissionless deployments for its layer-2 scaling solution in the third quarter. Binance Launchpool will reward users with 45,000,000 AEVO tokens, which represents 4.5% of the token’s maximum supply. AEVO will have an initial circulating supply of 110,000,000 tokens.
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Binance Launchpool Announces Upcoming Support for New Decentralized Derivatives Exchange Altcoin
