Aevo Introduces Trading and Staking Incentive Program
Aevo has recently announced the introduction of a trading and staking incentive program aimed at rewarding active participants over a four-month period. This initiative targets traders and stakeholders of Aevo’s native tokens $AEVO and $RBN, following the token generation event (TGE) on March 13, 2024.
The Incentive Structure
The program offers additional $AEVO tokens as rewards for traders and stakers. Traders can boost their $AEVO earnings by engaging in perpetual futures or options trades on Aevo’s platform. The rewards are calculated based on a formula that includes the trade order value multiplied by a combination of base and lucky farm boosts.
Participants can earn a share of $AEVO emissions each week, known as an epoch, proportional to their boosted volume in comparison to the total boosted volume of the epoch. This model encourages consistent trading activity on the platform, with a total of 18 epochs planned.
Base and Lucky Farm Boosts
The program features two types of boosts:
- Base Farm Boost: Traders receive a base boost of 1x to 4x on every trade, depending on their previous 7-day trading volume. This base boost accelerates as users trade more but will decay if trading activity ceases.
- Lucky Farm Boost: Traders have the opportunity to earn a rare boost ranging from 10x to 100x. The probability of receiving this boost increases for sAEVO holders, who have twice the chance of hitting these rarity milestones.
Emissions Schedule and Claiming Rewards
The incentive program is set to distribute a guaranteed minimum base emission of 1.1 million $AEVO weekly for trading and 200,000 $AEVO for AEVO/RBN staking. Participants will be able to claim their rewards starting from April 10, 2024.
Ensuring Fair Play
To maintain the integrity of the program, Aevo has implemented measures to monitor and penalize wash trading. Rewards displayed in the farming UI may be subject to change after the epoch is finalized and retroactive inspections are conducted.
Empowering Community Engagement
With this initiative, Aevo aims to enhance user engagement and incentivize the community to actively participate in the platform’s growth. By rewarding consistent trading and staking, Aevo is positioning itself to attract and retain traders and stakers, ultimately contributing to the overall health and liquidity of the Aevo ecosystem.
The Growth and Marketing Committee of Aevo has been granted the authority to make discretionary adjustments to the campaign, ensuring its effectiveness and alignment with the platform’s growth objectives.
Conclusion
The introduction of Aevo’s trading and staking incentive program represents an innovative approach to fostering user activity and loyalty within its ecosystem. By rewarding consistent trading and staking, Aevo is setting a precedent for crypto platforms looking to enhance market engagement and strengthen their community’s commitment.
