TechFlow News — Aevo has officially announced on social media that the migration from $RBN to $AEVO is now complete. The $AEVO token represents a rebranding of the $RBN token originally launched in 2021.
This "unlock" is not a typical insider or VC unlock, but rather reflects RBN holders migrating their $RBN to the new $AEVO token. Approximately 40% of the "unlocked" amount comes from the DAO converting $RBN into $AEVO.
Going forward, nearly the entire fully diluted valuation of AEVO is already in circulation, with no monthly unlocks or vesting periods like most new projects.
The team and supporters will voluntarily re-lock around 15% of the supply until the end of 2024. In the coming weeks and months, Aevo will launch several new initiatives, including improved tokenomics, benefits for AEVO stakers, enhanced trading experiences, and Gas-free L2 ecosystem applications.
