Binance Launchpool new project, Aevo token price range prediction

Original title: "When Binance Launchpool is launched, what is the reasonable price range for Aevo tokens?" 》

Original author: Nan Zhi, Odaily Planet Daily

Yesterday, Binance issued an announcement announcing the launch of new currency mining on the 48th. The current project of Aevo (AEVO), and the market is currently undergoing an airdrop of Aevo in full swing, which will end in 36 hours.

Odaily Planet Daily will introduce Aevo main business and features, Launchpool information and token price prediction in this article.

Main business and features

Options and perpetual contract trading

On April 7, 2020, the options trading platform Aevo's mainnet was officially launched, allowing users to trade with USDC and conduct real settlements. . Users will first be able to trade ETH options on the options chain, supporting daily, weekly, monthly and quarterly settled options.

Aevo Exchange is built on Aevo Chain , and users can transfer funds to Aevo Chain directly from the Exchange user interface. Initially Aevo only supports USDC cross-chain. Aevo is launched by Ribbon Finance, an on-chain structured product. The platform is built on Ribbon Finance’s customized Ethereum Rollup, using an order book and margin model.

Currently, in addition to Ethereum, Aevo has also expanded to Optimism and Arbitrum. The most important thing is that Aevo  has established a perpetual contract module (Perpetual Futures).

The technical features and structures include:

· Off-chain order book and risk control engine: Orders are matched off-chain, and will be posted to the Aevo smart contract only after successful matching. A risk control engine will check the standard margin or combined margin situation before being uploaded to the chain. .

· On-chain settlement: Users’ funds and positions are always kept on-chain, meaning that all fund flows occur in smart contracts.

·Layer 2 Architecture: The contract runs on Aevo Rollup and publishes a batch of transactions to the main network every hour.

· Liquidation: The risk control engine will perform liquidation inspection, and the liquidation engine will be responsible for the liquidation operation.

Through the above design, Aevo  can realize efficient matching and low-cost on-chain contracts and options transactions, so Aevo  has successfully occupied the leading position in derivatives trading. got a place.

Pre-Launch Token Futures

8 Month 9  Aevo announced the launch of Pre-Launch token futures, providing perpetual contract trading services for upcoming tokens. This product has no index price and no funding rate, but once the token is listed on the spot market, it will immediately start to refer to the index price and enforce the funding rate. Aevo stated that due to the experimental and high-risk nature of the product, Aevo will implement strict position limits and open contract caps in these markets, and the first token to be launched is SEI.

Previously, before the token was officially launched, early transactions were often conducted through OTC, and were usually in the form of double pledges. The transaction fees were high and funds were occupied. Aevo This move provides users with a safe, effective, and low-rate advance trading venue, avoiding the above problems. And how accurate is its market pricing?

23 Year 8 Month 15 Day 20: 00 (UTC+ 8), SEI was officially listed on Binance. Its closing price in the first hour was 0.1734 USDT, while Aevo’s closing price in the previous hour was 0.3946 USDT, with a deviation of 117%.

The remaining open tokens are as follows:

TIA: Exchange 1 hour closing price 2.243 USDT, Aevo closing price one hour ago  2.2932 USDT, deviation 2% ;

JTO: Exchange 1 hour closing price 2.144 USDT, Aevo Previous Hourly closing price 1.264 USDT, deviation -41%; STRK: Exchange 1 hour closing price 2.75 USDT, Aevo ;The closing price of the previous hour 1.8 USDT, deviation -35% ;

The above data can be seen, the pre-opening price ofAevo  It is not enough to effectively predict the official market launch price, but its characteristics are enough to serve as an effective substitute for some OTC scenarios.

Interest-earning asset aeUSD

Aevo allows users, aeUSD  It is an ERC-4626 asset based on L2 Aevo composed of 5% of USDC and 95% of sDAI . Aevo By depositing stablecoins into MakerDAO 's DSR module, Aevo enables users, market makers and strategy providers to earn an additional 4.75% of  while depositing stablecoins. APY (similar to  last ’s ETH deposit interest-earning mechanism). This move enables efficient use of user funds and provides potential liquidity reserves for the protocol as a whole. According to Aevo , it is the only DEX with an interest-earning mechanism, and more than 1/3 of funds have chosen to be converted to aeUSD.

Launchpool and tokens Data

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· Maximum supply of tokens: 1, 000, 000, 000 AEVO

· Initial circulation: 110,  ;000, 000 AEVO ( 11% of the maximum supply of the token)

· Total mining amount: 45, 000, 000 AEVO (the maximum supply of the token Supply 4.5% ), of which BNB pool 36, 000, 000 pieces, FDUSD pool 9, 000, 000 pieces

According to Binance disclosure, Aevo has completed US$16.6 million in financing in 3 rounds of financing, namely:

· Seed round: 10% of the total amount , with a valuation of US$18.5 million;

· Series A: 4.62% of the total amount , with a valuation of US$130 million;

· Round A+: 3.5% of the total amount, valued at US$250 million.

It is worth noting that before Ribbon Finance merged into its derivatives trading platform Aevo, Ribbon Finance’s original token was RBN, andRBN held Investors are able to convert their RBN to AEVO at a  1:1 exchange rate, which requires a 2-month lock-in period. The remaining unlocking period of RBN proceeds as originally planned. The token issuance schedule is as follows:

· Private investors (seed round and A round) and team’s RBN tokens will be fully unlocked by May 2024 ;

·RBN holders can convert RBN to AEVO at an exchange rate of 1 :1, with a lock-in period of 2 months;

· AEVO is currently not unlocked for release, but the DAO will allocate 16% to future users and ecosystem incentives, which is expected to take more than 4 years.

Currently, the price of RNB on the chain is about 1.4 USDT.

Token price estimate

Aevo its own Pre-Launch market There is no AEVO token online, but the Pre-Market market of Whales Market is online, but with fewer orders, the current floor price is 3.84 USDT/coin.

Based on calculations based on the previous  BNB pool, the average annualized rate of return for the first eight periods is  135%  assuming this mining The annualized rate of return of the mine is also 135%. Calculated based on 5 days of mining, the token price should reach 3.71 USDT, which is relatively close to the Whales Market order price. If calculated based on the minimum yield of 70%, the guaranteed price is approximately 1.92 USDT. Calculated based on  110 million pieces, the guaranteed circulating market value reaches  211 USD, which is close to the US$250 million valuation of the A+ round of financing.

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