Aevo Distributes 30 Million AEVO Tokens in Airdrop

The Layer 2 cryptocurrency derivatives platform Aevo released the criteria for token allocation to users on the airdrop’s launch day, March 13.

The time has finally arrived.

Claim your $AEVO airdrop here: https://t.co/9hHwpPM1fx pic.twitter.com/xQN2EM5hYT

— Aevo (@aevoxyz) March 13, 2024

The decentralized exchange distributed 30 million AEVO among users from a total issuance of 1 billion. The tokens can be claimed within six months of the distribution’s commencement.

The team considered trading volumes, platform activity, and the priority of its use.

Accounts that abused options with no intrinsic value (OTM) or opened positions for short durations faced penalties.

Binance, which supports the project, has already listed AEVO. At the time of writing, the token is trading slightly above $3, with a trading volume reaching $236 million.

The Aevo protocol operates as a second-layer solution on Ethereum, utilizing Optimism’s Rollups technology.

The team announced the airdrop in early February, deploying the token’s smart contract.

In March, the exchange launched a pre-market for AEVO, raising questions within the community. Users also criticized the small airdrop volume and the allocation of a significant portion of tokens to Binance. The developers dismissed these concerns.

Earlier, CoinGecko experts identified the best time to sell assets received from airdrops.