Aevo is a rollup of the Ethereum Layer-2 application chain. It functions as a decentralized exchange built using OP Stack. Working in collaboration with Conduit, the Aevo Rollup consolidates and sorts transactions sent to Ethereum every hour. These transactions are verified on Ethereum after a two-hour dispute period. Various crypto assets can be deposited into Aevo Rollup via Ethereum, Optimism and Arbitrum, and there are no gas fees on Aevo Rollup. As Kriptokoin.com, in this article, we will examine what is AEVO Coin and its price comments.
History of AEVO
Ribbon Finance was founded in November 2020 by Ken Chan and Julian Koh. It launched in February 2021 with the first ETH straddle options on Ethereum. In April 2021, the Theta Vaults product enabled users to earn returns by writing options on deposit assets. In May 2021, the RBN token was issued, giving the Ribbon Finance community the right to manage the platform. Ribbon V2 was released in September 2021 and Ribbon V3 in April 2022.
Aevo was announced by the Ribbon Finance team in September 2022 and officially launched in April 2023. Perpetual futures were introduced in May 2023 and Pre-Launch Token Futures in August 2023. In July 2023, RBN token holders approved the merger of Ribbon Finance and Aevo. In January 2024, the TGE (Token Generation Event) of the AEVO token was announced, but has not yet been distributed.
What is AEVO Coin and What Are Its Uses?
AEVO Coin is the native cryptocurrency of the AEVO platform and is based on the ERC-20 standard. This token plays a central role in various interactions within the platform. Users can participate in the platform’s governance decisions, receive discounts on transaction fees and benefit from reward programs. AEVO Coin encourages users to play a more active role on the platform and supports the democratic nature of the platform.
AEVO Coin holders can vote on network upgrades, new listings and general governance. In addition, AEVO Coin stakers can benefit from discounted fees when trading on the platform. This encourages users to participate more in the platform and increases the liquidity of the AEVO ecosystem. The initial supply of AEVO Coin is set at 110 million tokens, with a total supply of 1 billion units.
Technical Infrastructure of the AEVO Platform
The AEVO platform allows transactions to be executed more efficiently, while benefiting from the security and resilience provided by Ethereum. AEVO runs on a specialized chain called L2. This chain allows transactions to be executed more efficiently while benefiting from the security and resilience of Ethereum. The AEVO exchange collects users’ orders off-chain and executes them on-chain.
AEVO’s Ethereum-specific EVM roll-up mechanism manages transactions through an off-chain order book, while executing executions through on-chain smart contracts. This guarantees users fast and secure completion of transactions. AEVO
AEVO Coin Price Prediction
AEVO Coin price is currently sitting at $0.5042. In the short term, the price of AEVO Coin is expected to move between $0.60 – $0.70. In the medium term, if market conditions remain favorable, AEVO Coin is expected to reach $1 – $1.20. In the long term, with the expansion of the AEVO platform and the increase in the user base, AEVO Coin is expected to rise to $2 – $3.
In conclusion, the AEVO Coin is one of the cornerstones of the AEVO platform, allowing users to play an active role in various interactions on the platform. The governance powers and staking benefits offered by the AEVO Coin incentivize users to further participate in the platform and contribute to the growth of the AEVO ecosystem. This is one of the factors that supports the long-term appreciation of AEVO Coin.
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