TechFlow reported, according to a Binance report, Aevo has raised $16.6 million across three funding rounds.
Detailed funding breakdown:
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Seed round: 10% of total, valued at $18.5 million
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Series A: 4.62% of total, valued at $130 million
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Series A+: 3.5% of total, valued at $250 million
The native token of Aevo has the following use cases:
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Governance: Aevo token holders can vote on network upgrades, new trading pairs listings, and DAO governance matters
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Staking: Users who stake Aevo tokens will receive trading fee discounts on the Aevo exchange and higher rewards in Aevo's trader rewards program
On March 13, 2024, AEVO will have a maximum supply of 1,000,000,000 tokens, with a circulating supply of 110,000,000 tokens.
Aevo is a decentralized derivatives exchange focused on options and perpetuals trading, operating on Aevo L2—an Ethereum roll-up based on the OP Stack.
