Aevo launches incentive program to drive trading and staking

Aevo has unveiled a comprehensive incentive program targeting traders and stakeholders of its native tokens $AEVO and $RBN. Following the Token Generation Event (TGE) on March 13, 2024, which saw the first airdrop of $AEVO, the platform launched a four-month campaign designed to reward participants and solidify its position in the competitive cryptocurrency market.

incentive structure

Aevo’s program rewards additional $AEVO tokens, creating an engaging environment for both traders and stakers. Traders can increase their $AEVO profits by engaging in perpetual futures or options trading on the Aevo platform. Rewards are calculated based on the ‘Boost Volume’ formula, which multiplies the trade order value by a combination of the base boost and the Lucky Farm boost.

Each week, called an epoch, participants can earn a portion of $AEVO emissions proportional to their boost volume compared to the total boost volume for that epoch. The model has a total of 18 epochs planned, encouraging consistent trading activity on the platform.

Basic and Lucky Farm Boost

There are two types of boosts in this program:

Base Farm Boost: Traders automatically receive a 1-4x base boost on every trade, depending on their trading volume over the previous 7 days. This base boost is designed to accelerate the more a user trades, but decreases when trading activity ceases.

Lucky Farm Boosts: Traders can also get rare boosts ranging from 10x to 100x. Your chances of receiving these boosts are increased for sAEVO holders, who have double the chance of achieving these rarity milestones.

Emission schedule and compensation claims

Aevo’s incentive program is set to guarantee a minimum base draw of $1.1 million AEVO per week for trading and $200,000 AEVO per week for AEVO/RBN staking. The maximum emission limits are $6.05 million and $1.1 million AEVO, respectively. Participants can receive rewards starting April 10, 2024.

Guaranteed fair play

To maintain the integrity of the program, Aevo has taken steps to monitor and punish wash trading. The expected rewards displayed in the farming UI may change after confirmation of the epoch and retrospective inspection.

Strengthening community participation

Through this initiative, Aevo aims to strengthen user engagement and encourage the community to actively participate in the growth of the platform. The incentive program acts as a strategic measure to attract and retain traders and stakers, contributing to the overall health and liquidity of the Aevo ecosystem.

Aevo’s Growth and Marketing Committee is empowered to adjust campaigns at their discretion to ensure their effectiveness and alignment with the platform’s growth goals.

conclusion

The launch of Aevo’s trading and staking incentive program represents an innovative approach to fostering user activity and loyalty within the ecosystem. Aevo is setting a precedent for cryptocurrency platforms that seek to strengthen market participation and strengthen community commitment by rewarding ongoing trading and staking.

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