Leading cryptocurrency exchange Binance has announced Aevo as the next project that will be featured on the Binance Launchpool staking platform.
Between March 8 at 00:00 UTC and March 12 at 23:59 UTC, users will be able to earn Aevo (AEVO) tokens on Binance simply by staking BNB or FDUSD. The staked coins can be withdrawn at any time, and you’ll be able to keep your AEVO token rewards even if you withdraw before the farming period concludes.
Earn AEVO Tokens on Binance
Binance plans to distribute 4.5% of the total AEVO token supply to users on Launchpool. This translates to 45 million AEVO tokens out of a total supply of 1 billion tokens.
80% of these rewards will be distributed to BNB stakers, while the FDUSD pool will receive 20% of the rewards. However, this doesn’t necessarily mean that you will earn more AEVO if you stake BNB rather than FDUSD. It all depends on how big the size of your stake is relative to the size of the staking pool you’ve selected.
Introducing @aevoxyz $AEVO on #Binance Launchpool!
Farm AEVO by staking #BNB and $FDUSD.
➡️ https://t.co/HEegverBBV pic.twitter.com/QuWYvrduEe
In addition to featuring Aevo on its Launchpool platform, the Binance exchange will also be listing the AEVO token for trading. Trading will go live on March 13 at 10:00 UTC, and AEVO will be available in trading pairs against BTC, USDT, BNB, FDUSD, and TRY.
It is worth noting that Binance will be listing AEVO with the “Seed Tag”, which is used to label crypto projects that are still very early in their development. Cryptocurrencies with this tag were previously known in the “Innovation Zone”. The purpose of the Seed Tag is to let users know that the cryptocurrency might be more volatile and risky compared to most other cryptos listed on the exchange.
Aevo is a decentralized exchange that offers derivatives products such as crypto options and futures contracts. The Aevo DEX operates on a custom layer 2 blockchain that’s built using Optimism‘s OP Stack technology. This allows it to offer much lower transaction fees than DEXes which operate on the Ethereum mainnet.
According to the Aevo team, the platform aims to deliver performance that rivals centralized exchanges while keeping the benefits of decentralized exchanges. One of the ways in which Aevo accomplishes this is by matching orders off-chain, but performing settlements on-chain.
The Aevo decentralized exchange can be used to trade perpetual futures contracts based on a variety of crypto assets, ranging from top coins such as Bitcoin, Ethereum and Solana to more niche crypto assets such as Render Network, Blur and Bonk. The exchange also lists Bitcoin and Ethereum options.
The Aevo exchange implements the AEVO token, which has two main functions: governance and staking. AEVO token holders can vote on key decisions, such as Aevo protocol upgrades and new cryptocurrency listings.
If you want to earn AEVO tokens, the first thing you’ll need is a Binance account.
Create Binance Account
Please keep in mind that only users who complete an identity verification process with Binance are eligible to participate in Aevo token farming on Binance Launchpool.
Once your account is ready, you’ll need some BNB or FDUSD tokens to stake. If you already own these tokens, you can deposit some to your Binance account. Otherwise, Binance offers plenty of ways of buying these tokens with either crypto or fiat.
After your account is verified and loaded up with some BNB or FDUSD, head over to the menu on the top side of the Binance interface and select “More”. Then, go to “Launchpad & Launchpool”.
Then, find the available Aevo farming pools. Depending on which tokens you want to stake, select BNB Pool or the FDUSD Pool. Next, follow the instructions provided by the exchange.
Please note that the image below is from the previous Launchpool project, as Binance hasn’t yet updated its Launchpool website to feature Aevo at the time of writing this article.
As a final note, here’s a quick breakdown of key dates and information about the Aevo Launchpool campaign:
Jon is a senior writer at CoinCodex, specializing in blockchain and traditional finance. With a background in Economics, he offers in-depth analysis and insights into cryptocurrency trends and the evolving financial landscape. Jon’s articles provide clarity on complex topics, making him a valuable resource for both crypto enthusiasts and finance professionals.
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