NFTs

Aevo Airdrop Leaves Some Farmers Fuming as Token Debuts at $3B Valuation

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More than $95 million worth of AEVO tokens were distributed by the perpetuals and options trading platform.

Decentralized derivatives platform Aevo has launched its eponymous token and airdrop for early users.

Five criteria had to be met for eligibility, including volume trading during the “farm boost” phase, boosted volume traded, aeUSD balance, and ongoing usage of Aevo.

According to the team, they attempted to take a balanced approach to reward OG users, collateral “experimentoors,” and genuine trading activity. Additionally, non-Aevo derivative traders have been given ‘farm boosts’ that will let them earn future AEVO rewards at an accelerated rate if they trade on the platform.

A total of 30 million $AEVO tokens were distributed today, accounting for 3% of the total supply. At $3.22 per token, the airdrop is worth $95 million, and the project commands a fully diluted valuation of $3.2 billion.