With the booming cryptocurrency market, Binance has once again set off a wave of new coin mining, and this time the focus is on AEVO. With the launch of AEVO, the price of RBN has soared. What is more remarkable is that the price of BNB has exceeded $430 in a short period of time. This series of events has not only attracted the attention of the market, but also set off heated discussions among investors.

In the cryptocurrency market, the mining of new coins has always been a hot topic. And this time, the AEVO launched by Binance has aroused the fanatical pursuit of investors. It is reported that as a new member of the Binance ecological chain, AEVO has unique technical advantages and development potential, which has attracted the attention of a large number of investors. Its innovative mining mechanism and scarcity attributes make AEVO a dark horse in the market and highly sought after.

With the launch of AEVO, the price of RBN has also soared. As a token on the Binance ecological chain, the rapid rise in the price of RBN has attracted widespread attention in the market. Investors are optimistic about the future development potential of RBN and believe that it is expected to become the next hot cryptocurrency. This optimism has further promoted the continued rise in the price of RBN.

In this round of gains, BNB performed even better, breaking through the key resistance level of $430 in a short period of time. As the Binance platform currency, BNB has always been highly sought after by the market, and its rapid price increase has also made investors excited. This good news has further boosted market confidence and driven the atmosphere of the entire cryptocurrency market.

In general, the launch of Binance Online's new coin mining AEVO has not only led to a surge in RBN prices, but also promoted the rapid rise in BNB prices. This series of events once again highlights the vitality and potential of the cryptocurrency market. Investors are full of confidence in future development and believe that under the leadership of the Binance ecosystem, the cryptocurrency market will usher in a better tomorrow. Let us wait and see and witness all this happen and develop.

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Coin Circle (120Btc.COM) News: The world's largest () announced late yesterday (6) that it has launched the 48th new coin mining project on Binance Launchpool: decentralized derivatives trading platform AEVO.

Allow users to invest BNB and FDUSD into the AVEO mining pool on the Binance Launchpad website from 08:00 on March 8, 2024 Beijing time to participate in a 5-day new coin mining event.

At the same time, Binance also announced that it will list AEVO spot trading on March 13, and open AEVO/BTC, AEVO/USDT, AEVO/BNB, AEVO/FDUSD and AEVO/TRY trading pairs, and add seed tags to them.

AEVO Launchpool details 

According to the Binance announcement, the details of the AEVO Launchpool are as follows:

 Token name: AEVO (AEVO)

 Maximum token supply: 1,000,000,000AEVO

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

 Total mining volume: 45,000,000AEVO (4.5% of the maximum token supply)

 Research report: AEVO (AEVO)

 Smart contract details: Ethereum

 Restrictions: KYC required

 Personal hourly mining hard cap: BNB pool: 30,000AEVO; FDUSD pool: 7,500AEVO

What is AEVO? 

According to Binance research reports, AEVO is a decentralized derivatives trading platform that focuses on options and perpetual trading, and AEVO runs on the AEVO Layer2 network, which is an Ethereum roll-up based on the OP
Stack.

Binance Research continues to point out that AEVO has the following use cases:

 Governance: AEVO token holders can vote on network upgrades, newly listed trading pairs, and DAO governance

 Staking: Users who stake AEVO tokens will receive transaction fee discounts on AEVO and receive higher rewards in AEVO's trader rewards program.

 In addition, AEVO has currently raised $16.6 million in 3 rounds of financing, with a maximum supply of 1,000,000,000 tokens and an initial circulation of 110,000,000 tokens.

AEVO Token Economics

 18.5% to private investors

 4.5% to Binance Launchpool

 2% to market makers

 3% to community airdrops

 23% to the team

 2.7% to the company treasury

 36% to the DAO treasury

 10.3% to the remaining RBN tokens in circulation

Note: AEVO was built by the team that launched Ribbon
Finance. RBN holders can convert their RBN to AEVO at a 1:1 exchange rate, which requires a 2-month lockup period. The remaining RBN unlocking period proceeds as planned.

BNB briefly breaks through $430

Usually, Binance's new coin mining project can drive BNB up, and this time is no exception. After Binance announced the launch of AEVO, BNB rose 6.11% in a short period of time, reaching a high of $434.7, but it fell back at the time of writing, temporarily reporting $428, and still rose 2.3% in the past 24 hours.