Analysis of BN’s latest Launchpool project (price prediction at the end of the article)
Aevo is a decentralized derivatives trading platform focusing on options and perpetual trading. DEX runs on Aevo L2, which is an Ethereum roll-up based on OP Stack.
Development Background:
Ribbon Finance (founded in July 2021) merged into its derivatives trading platform Aevo and designated Aevo as the only brand name. Based on the need for rebanding, the Ribbon Finance team plans to abolish the original token RBN and launch a new token AEVO. Therefore, the existing RBN and veRBN tokens will be exchanged for AEVO at a ratio of 1:1.
AEVO has the following 2 core contents:
Aevo L2: The Aevo L2 chain is an Ethereum roll-up based on OP Stack.
Aevo Exchange: Build its own L2 DeFi derivatives protocol. Launch of Pre-Launch token futures and interest-earning asset aeUSD.
Token economy:
AEVO’s maximum supply is 1 billion tokens, of which:
AEVO’s initial circulation is 110 million tokens (11%)
1. Binance Launchpad: 450 million (4.5%, spent from the initial $RBN Dao 49% vault)
2. The community airdrops 300 million coins (3%, spent from 49% of the initial $RBN Dao treasury)
3. Market maker 200 million coins (2%, paid from 49% of the initial $RBN Dao treasury)
4.? ? ? 150 million pieces (no specific allocation to whom has been found yet)
Financing background:
The project has raised $16.6 million across 3 rounds of funding. Investors include Paradigm, Dragonfly Capital, Ethereal Ventures, CoinbaseVentures, etc.
Seed round: 10% of total token supply, valuation is $18.5 million
Series A: 4.62% of the total token supply, valued at $130 million
Series A+: 3.5% of total token supply, valuation $250 million
Binance opening price prediction:
Competing products: Whales market value 7000WU (OTC unlisted token) and DYDX. Combining the valuation of competing products and the recent earnings of Binance launchpad, the estimated listing price is $3~$5.
