Aevo (AEVO) is an Ethereum Layer-2 application Blockchain rollup that operates as a decentralized exchange based on an order book. Founded by Ken Chan and Julian Koh in November 2020, formerly known as Ribbon Finance, Aevo provides trading services for a wide range of cryptocurrencies, perpetual futures, and Pre-Launch Token Futures. It utilizes the OP Stack and partners with Conduit, a Rollup-As-A-Service (RaaS) provider, to manage rollup transactions efficiently. Transactions on Aevo are batched, sequenced, and transferred to Ethereum every hour, followed by a two-hour dispute resolution period. Users can deposit various cryptocurrencies from Ethereum, Optimism, or Arbitrum to Aevo Rollup, free from gas fees.
Ribbon Finance, created by Ken Chan and Julian Koh, was established to pioneer a structured product protocol for cryptocurrencies. Its ETH strangle options launched in February 2021 allowed users to engage in ETH volatility speculation. Subsequently, in April 2021, Theta Vaults were introduced to enable users to earn yield by writing options on deposited assets. The governance token RBN was unveiled in May 2021, granting the community control over the protocol. Ribbon V2, released in September 2021, featured adjustable vault parameters, automated vaults, and a new accounting system. The subsequent launch of Ribbon V3 in April 2022 introduced new UX features, leveraged vaults, and permissionless vaults.
Aevo was revealed on September 28, 2022, by the Ribbon Finance team as a decentralized exchange specializing in options and derivatives trading based on an order book. Officially going live on April 7, 2023, Aevo enhanced its offerings on May 18, 2023, by adding perpetual futures, allowing users to take leveraged positions in specific cryptocurrencies. On August 9, 2023, Aevo introduced Pre-Launch Token Futures.
In a merger decision in July 2023, RBN token holders voted to integrate Ribbon Finance into Aevo. This integration facilitated the conversion of RBN tokens to AEVO at a 1:1 ratio, resulting in the rebranding of all products and materials under the Aevo name.
Buying Aevo (AEVO) with TRY
For investors in Turkey interested in purchasing Aevo (AEVO), Binance TR is the recommended cryptocurrency exchange. Binance TR offers over 100 cryptocurrencies for trading, including AEVO, with swift account setup. To acquire Aevo (AEVO) with TRY on Binance TR, follow the steps detailed below:
Opening an Account on Binance TR: Creating an account on Binance TR is a straightforward process. Visit trbinance.com and progress from the “Create Account” section. Input basic details like email address, phone number, name, date of birth, nationality, and T.C. identity number to initiate the account creation process.
Verifying an Account on Binance TR: Identity verification is a vital security step before commencing cryptocurrency trading. It safeguards both users and the exchange. Verification can be completed on the Binance TR website using a mobile phone, ensuring a secure account setup.
Depositing TL on Binance TR: Funds can be effortlessly deposited into a Binance TR account from various banks. Deposits from Vakıfbank, Ziraat Bankası, İş Bankası, Akbank, Fibabanka, Şekerbank, and Türkiye Finans are available around the clock. Other bank deposits up to 50,000 TL are processed instantly through FAST, with larger deposits handled during EFT hours.
Purchasing AEVO Coin on Binance TR with TL: Following the deposit process, proceed to the TL to AEVO coin purchase step by accessing the “Buy-Sell” feature on the Binance TR website.
Binance TR Overview: Binance TR, a platform launched in 2020, is the Turkish arm of Binance, the world’s largest cryptocurrency exchange by trading volume. It provides Turkish investors with access to fiat-to-crypto and crypto-to-crypto trading services, leveraging Binance’s technology, security measures, liquidity, and the Binance Cloud infrastructure.
Through Binance TR, users can seamlessly trade various cryptocurrencies using TRY trading pairs, along with convenient deposit and withdrawal options for Turkish lira (TRY) through direct banking channels.
Binance TR ensures market-leading liquidity, risk controls, security protocols, and custody solutions, backed by Binance’s core functionalities.
