AEVO is Wasting No Time Showing Users Its Commitment to Value Creation and Token Value

IconCNT16 May, 2024

cryptonews.jpg

AEVO is Wasting No Time Showing Users Its Commitment to Value Creation and Token Value

AEVO debuts after a rebrand of Ribbon Finance, with a 1:1 swap feature for RBN holders. As the decentralized options exchange continues to build its ecosystem, the project's tokenomics are proving to be a point of focus. The AEVO team clarified that during the migration, no team, VC, or stakeholder tokens were unlocked. Additionally, approximately 40% of the unlocked supply was DAO-controlled RBN that was swapped for AEVO. This means that nearly all of the AEVO in existence is already in circulation, representing the Fully Diluted Valuation (FDV). AEVO has no monthly vesting or unlock schedules that will add sell pressure to the token supply over the next several years Furthermore, the AEVO team and backers have voluntarily locked up to 15% of the supply until the end of 2024. This move shows that the team is committed to the long-term success of the project and is willing to put their own money on the line. ```

Related News