What happened? The Binance crypto exchange has announced the launch of the 48th project on its token farming platform, known as Binance Launchpool. This project will be a decentralized exchange (DEX) for trading cryptocurrencies called Aevo. Starting from March 8 at 3:00 Moscow time, users will be able to place Binance BNB tokens and FDUSD stablecoins in the AEVO coin mining staking.

What else is known? The AEVO pharming program will last for five days, after which Binance will list the asset on March 13 at 13:00 Moscow time and launch trading in pairs with bitcoin, BNB, USDT and FDUSD stablecoins, as well as the Turkish lira.

At the same time, AEVO will be added to the platform marked Seed Tag, which warns investors about the risks of increased volatility and requires users to pass tests every 90 days to access Seed Tag token trading.

The total supply of AEVO will be 1 billion coins, the initial circulating supply will be 11% of the total volume or 110 million coins. 4.5% or 45 million coins have been allocated to the Binance pharming program, of which 80% (36 million) will be received by BNB pool participants, and the remaining 20% (9 million) will be distributed as rewards for blocking in FDUSD pools.

Residents of some countries and regions, including the USA, Canada, Japan, New Zealand, the Netherlands, Belarus and Crimea, will not be able to participate in the pharming program.

Aevo is focused on options and perpetual trading. It operates on the second-level network of the same name (L2), based on the Ethereum blockchain and the OP Stack architecture from the developers of the Optimism blockchain.

The native AEVO token is based on the ERC20 standard and is used for project management within a decentralized autonomous organization (DAO), as well as for staking. Users receive discounts on commissions for trading on the exchange and increased rewards in the bonus program for traders when blocking coins in betting.

According to the results of the three initial rounds of financing, the project raised $ 16.6 million with an estimate of $ 250 million.