What is AEVO
Tokens
1. Project Introduction
Aevo (formerly known as Ribbon Finance) is a decentralized derivatives exchange focused on options and perpetual trading. It operates on Aevo L2 and is an Ethereum roll-up based on the OP Stack. The protocol consists of the following key components:
Aevo L2: Aevo Exchange runs on Aevo L2, an Ethereum roll-up based on the OP Stack;
Aevo Exchange: Orders on Aevo Exchange are sent to an off-chain order book but settled on the Aevo L2 chain;
In July 2023, Ribbon Finance announced a new governance proposal to fold Ribbon Finance into the affiliated Aevo derivatives exchange and make Aevo the only brand name. Ribbon Finance also plans to phase out the original RBN token and introduce a new one, AEVO. In the future, Ribbon's products will be integrated into Aevo's structured product suite, with a 1:1 token conversion from RBN and veRBN tokens to AEVO.
Summary: Aevo is a decentralized derivatives exchange and Ethereum Layer 2 built by the team behind Ribbon Finance.
2. Team & Investment Info
Aevo is built by the team behind Ribbon Finance. Julian Koh, co-founder of Aevo, previously worked in software development at Coinbase/NumerAI. He studied computer science at Cornell University but dropped out after two years. Ken Chan is the co-founder of Aevo. Previously, he worked in development at Coinbase and Zilliqa.
Funding: The project has raised a total of $16.6 million in three funding rounds:
Seed Round: $1.85 million in funding, 10% of the total supply, at a valuation of $18.5 million;
Series A: 4.62% of the total supply, at a valuation of $130 million;
Series A+: $8.75 million in funding, 3.5% of the total supply, at a valuation of $250 million.
3. Social Media URLs
X: https://x.com/aevoxyz
Discord: https://discord.com/invite/aevo
Blog: https://aevo.mirror.xyz/
4. Token Info
Token Symbol: AEVO
Total Supply: 1,000,000,000
Token Type: ERC-20
Issuance/Burn Mechanism: Fixed supply
Contract Address: https://etherscan.io/token/0xB528edBef013aff855ac3c50b381f253aF13b997
Token Distribution:
DAO Treasury: 36%;
Team: 23%;
Private Investors: 18.5%, $RBN tokens allocated to private investors (seed round and series A) and the team were fully unlocked before May 2024;
Remaining $RBN Tokens in Circulation: 10.3%. $RBN holders can convert $RBN to $AEVO at a 1:1 ratio, with a 2-month cliff;
Binance Launchpool: 4.5%;
Community Airdrop: 3%;
Corporate Treasury: 2.7%;
Market Makers: 2%;
5. Related Links
Official Website: https://www.aevo.xyz/
LinkedIn: https://www.linkedin.com/company/ribbon-finance/
Other Info: https://www.rootdata.com/zh/Projects/detail/Aevo?k=MzAwOQ%3D%3D
Note: The project introduction comes from the materials published or provided by the official project team, which is for reference only and does not constitute investment advice. HTX does not take responsibility for any resulting direct or indirect losses.
