21.8 C
New York

Aevo Announces 30M $AEVO Airdrop with Rewards for Active and New Users


Aevo, a burgeoning name in the decentralized finance (DeFi) landscape, has just announced a significant airdrop event, scheduled for March 13, 2024.

Aevo has earmarked a massive 30 million $AEVO tokens for distribution. The airdrop aims to reward users based on several criteria, including volume traded before and during their ‘farm boost’ phase, aeUSD balance, the initiation of the first trade on Aevo, and overall active utilization of the platform.

Aevo is a high-speed decentralized derivatives exchange focused on options trading. It utilizes a custom Ethereum Virtual Machine (EVM) roll-up that settles on the Ethereum blockchain. Aevo has an off-chain order book where trades are matched, but settlements occur on-chain via smart contracts. This hybrid model combines the speed of off-chain order matching with the security of on-chain settlement. By leveraging roll-up technology, Aevo can offer a derivatives exchange with the decentralization and trustlessness of Ethereum, but with vastly greater throughput and lower fees compared to trading directly on the Ethereum mainnet.

Understanding the diversity of its user base, Aevo has carefully crafted their reward system to appreciate long-standing users, those experimenting with collateral options, and genuine trading activities. In contrast, punitive measures have been outlined against accounts that have attempted to exploit the system through deep out-of-the-money (OTM) options and wash trading activities.

Aevo has also set a deadline for the airdrop claims, stating that any unclaimed tokens will be retracted after six months from the date of the airdrop. This adds an element of urgency for users to engage with the platform and claim their rewards.

In a nod to inclusivity, Aevo’s airdrop extends beyond its existing user base. Traders who have not previously engaged with Aevo but have been active on other derivative decentralized exchanges (DEXs) are also recognized. These non-Aevo traders have been allotted farm boosts, which can be claimed and utilized to potentially earn between 2 to 4 times more $AEVO tokens when they commence trading on Aevo.

Additionally, Aevo has not overlooked their veRBN max lockers, hinting at an upcoming targeted activity to engage this group further, with more details to be revealed in the upcoming weeks.

Aevo’s team is also preparing to launch a new trading incentives campaign to encourage further staking and trading on their platform. As part of their communication strategy, Aevo is inviting users to subscribe for the latest updates directly to their inbox, ensuring that interested parties are well-informed about future developments and opportunities.

For those interested in the intersection of cryptocurrency and blockchain collectibles, Aevo has made it possible to mint the airdrop announcement as a non-fungible token (NFT) to add to one’s collection, demonstrating their innovative approach to engaging with the crypto community.

Image source: Shutterstock

Related articles


Recent articles