Leading cryptocurrency exchange Binance has announced Aevo as the next project that will be featured on the Binance Launchpool staking platform.
Between March 8 at 00:00 UTC and March 12 at 23:59 UTC, users will be able to earn Aevo (AEVO) tokens on Binance simply by staking BNB or FDUSD. The staked coins can be withdrawn at any time, and you'll be able to keep your AEVO token rewards even if you withdraw before the farming period concludes.
Binance plans to distribute 4.5% of the total AEVO token supply to users on Launchpool. This translates to 45 million AEVO tokens out of a total supply of 1 billion tokens.
80% of these rewards will be distributed to BNB stakers, while the FDUSD pool will receive 20% of the rewards. However, this doesn’t necessarily mean that you will earn more AEVO if you stake BNB rather than FDUSD. It all depends on how big the size of your stake is relative to the size of the staking pool you've selected.
In addition to featuring Aevo on its Launchpool platform, the Binance exchange will also be listing the AEVO token for trading. Trading will go live on March 13 at 10:00 UTC, and AEVO will be available in trading pairs against BTC, USDT, BNB, FDUSD, and TRY.
It is worth noting that Binance will be listing AEVO with the “Seed Tag”, which is used to label crypto projects that are still very early in their development. Cryptocurrencies with this tag were previously known in the “Innovation Zone”. The purpose of the Seed Tag is to let users know that the cryptocurrency might be more volatile and risky compared to most other cryptos listed on the exchange.
