On March 6, 2024, Beijing time, Binance announced that it will list  AEVO at 18:00 on March 13, 2024 (East Eighth District time). In this article, we use comparable valuation, opening capital, and RBN conversion , borrowing costs and OTC prices to predict the short-term reasonable price of AEVO when it opens. We believe that the short-term reasonable price range of AEVO when it opens is between 2.5 and 3 US dollars.

1. About this Binance Launchpool

Token name: AEVO (AEVO)

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

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

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

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Smart contract details: Ethereum

Restrictions: KYC required

Personal hourly mining hard cap

BNB mining pool: 30,000 AEVO

FDUSD Mining Pool: 7,500 AEVO

2. Project Introduction

AEVO is a decentralized derivatives exchange focusing on For options trading, it belongs to the on-chain structured product Ribbon Finance  and adopts order book and margin models. DEX currently runs on AEVO L2, which is based on OP Stack. Therefore, AEVO has two products:

AEVO L2:AEVO The exchange runs on the AEVO L2 chain, which is based on OP Stack  Ethereum Summary

AEVO Exchange:Orders on the AEVO exchange are sent to the off-chain order book, but settled on the AEVO L2 chain.

As of March 10, 2024, AEVO has launched more than  There are 60 spot trading pairs. The current trading volume is concentrated on the ETH-USD trading pair. The 24-hour trading volume is approximately 59 million US dollars. The following picture shows the interface of some major trading pairs.

3. Business data

AEVO’s user data is in the growth stage. Since it launched its trading incentive program, trading volume has increased rapidly, reaching US$27.2 billion and US$18 billion in the past two weeks. In addition, the number of weekly traders is also increasing, with the highest number reaching 60,039 in a week.

From the comparison of the same track, as of February 28, 2024, AEVO’s trading volume far exceeds similar products, followed by DYDX, Hyperliquid and RabbitX. Image via @Torere_Romero.

4. Team Introduction

AEVO’s team comes from Ribbon Finance, and its founder Julian Koh has worked at Numerai, Metastable Capital and Coinbase I work in other companies, mainly as engineers, and started my own business in 2020. The project is Ribbon Finance.

5. Financing History

< p>According to disclosures from Rootdata and Binance, AEVO has had three rounds of financing so far. The project has raised US$16.6 million through 3 rounds of financing, and the corresponding valuations are:

Seed round: 10% of FDV , valued at US$18.5 million

Series A: 4.62% of FDV, valued at US$1.33 billion USD

A+ round: FDV ’s 3.5%, valued at US$250 million

6. Token Economy

Uses of Tokens

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AEVO’s native token has the following uses:

Governance:AEVO Token holders can contribute to network upgrades, new listings, and general  ;DAO Governance for Voting

Staking: Users who stake AEVO tokens will receive discounts on trading fees on AEVO the exchange, and on AEVO  Get more rewards in the Trader Rewards Program

Token Allocation

It is worth noting that the AEVO project was formerly known as Ribbon Finance. Therefore, RBN token holders can convert AEVO tokens into AEVO two months after the issuance, with a conversion ratio of 1:1. For specific RBN token allocation and unlocking details, please refer to https://docs .ribbon.finance/ribbonomics/overview-and-rbn-tokenomics.

Token unlocking rules

Private investors (seed investors and  A  investors) and the team’s  $RBN  tokens will be  2024  5  fully vested

RBN holds Someone can convert $RBN to $AEVO at a 1:1 ratio, but it needs to be locked for 2 months.

AEVO currently has no inflation, but the DAO has allocated 16% of FDV for future user and ecosystem incentives. This is expected to be spent within 4 years.

7. Social data

Number of Twitter fans: 87400  https://twitter.com/AEVOxyz

Discord users Quantity: 62186  https://discord.com/invite/AEVO

8. Online Prediction

1. Binance Launchpool recent data

Recently, Binance has been launching new tokens frequently. Among them, the performance of PORTAL token is quite amazing. The average ROI on the opening day reached 4780%. The market is very enthusiastic about Binance Launchpool.

2. Comparable valuation

From the perspective of comparable project valuations, we mainly selected derivatives Dex projects for comparison. AEVO's opening market value has a growth space of 39.82x compared to similar Dex projects, and its total market value has a growth space of 8.29x.

3. Funding comparison

< p> In terms of funding comparison, among the first two phases of the project, the PIXEL project has a larger amount of participation funds, reaching 798 million U.S. dollars. The latest eight phases of the Launchpool project have a higher amount of funding, with an average turnover multiple of 50.11x. Market capitalization has increased by an average of 40.2x.

4. RBN currency conversion

According to the official announcement, RBN tokens can be exchanged for AEVO tokens at a 1:1 ratio two months after AEVO opens. When AEVO logs in The RBN token price surged when the news from Binance was announced, with a gain of 48.97% on the day. The current RBN price is $1.65.

5. Borrowing costs

< p>According to the calculation of on-chain costs, AEVO needs to reach US$1.068 to cover the cost of borrowing BNB to participate.

6.  OTC pricing

< span style="color: rgb(0, 112, 192);">According to the futures market price of AEVO.xyz, the current price of AEVO tokens is $2.58.

7. Comprehensive calculation< /h2>

To sum up, We believe that the short-term reasonable price range of AEVO when it opens is 2.5~3 US dollars.