I have been taking away a lot of time on the weekend due to chores at home, so now I sit down to take a look at @aevoxyz, which is about to be listed on Binance. Although many friends have already written related things, I will try my best to express my views from different aspects.

After all, a lot of research has been done carefully in order to lead friends to participate in the airdrop. Before the official announcement of being selected by Binance, the trading volume of the Big Lion community has reached more than 6 billion U.S. dollars. Here is a message for the friends who support Brother Lion. Like, let’s all make a fortune together.

First, let’s review the choices we made at that time:

Everyone in the community knows that I have always believed that Dex Perp (on-chain derivatives track) will have a big explosion in this cycle. Although it is not as big as the mainstream narrative (AI BTCL2 Depin), there will inevitably be Dydx, a new star after Gmx. Chance. As a judge, Binance will definitely not ignore this market trend. Selecting one or several potential newcomers in Draft 101 is a high probability event.

In the Dex Perp that is currently crowded, there are expectations for currency issuance in the near future, there is a clear statement about airdrops, good institutional endorsement, and the team has solid experience, etc., @aevoxyz's overall score is very balanced.

After two rounds of contact with the team (a necessary process before conflicting - team due diligence), the goodwill was further enhanced. Both Karon and Jake communicate very smoothly and are able to listen to suggestions. At that time, the Aevo team temporarily decided to extend the boost time, and the community responded very fiercely, leading to a PR crisis. After I gave my immediate feedback, the team put forward an improvement plan on the same day, which was considered a smooth response (unlike some projects that are very square and treat users as ebegers).

Let’s talk about our expectations for the fundamentals of the Aevo project:

Compared with other similar track projects on the market, Aevo has several unique features.

1. Pre-launch market

For most retail investors, this feature is the most eye-catching. Without him, this is the only place in the market that really has a certain depth to trade and bet on popular coins in advance. Moreover, after many openings, we can see that the pre-market prices are accurate to a certain extent. This disguise also makes us masters of guessing the opening lose a lot of fun, haha.

2. Integrated futures and options trading market

Although the threshold for options is too high compared to futures, on-chain option projects have been having a hard time over the past few years. After all, it requires a long period of education for the market and users. As a project that has both futures and options, Aevo is actually a coincidence. Since users like futures, why do they have to stick to options? If you are used to playing futures with me, wouldn't it be smoother to further convert into an options user?

From the trading experience on Aevo in the past period, we can feel that this logic can work. Whether it’s for airdrops or you really want to try on-chain options, Aevo’s options traders and trading volume have increased significantly in the past period.

Options leader @DeribitExchange currently handles around $50 billion per month, or $600 billion per year, assuming Aevo captures 20% of Deribit's market share in the long term (a scenario that wouldn't be too outrageous even if the crypto options market doesn't grow overall) Aevo’s taker and maker fees are set at 0.05% and 0.03% respectively, and taking into account rebates and other discounts, we can estimate the total fee per transaction to be approximately 0.06%. Potential revenue is calculated as follows:

600 billion*20%*0.06%=72 million dollars, this is other futures dex perp

No source of income.

3. More interesting trading incentives

It can be seen from the on-chain data that Aevo began to experience a surge in transaction volume and number of traders after February. In addition to the announcement of airdrop expectations, a more important factor is the launch of the Boost points doubling game. 10-100 times transaction critical hit bonus. The more transactions, the higher the frequency, the greater the basic multiplier (1-4 times). For those who originally played futures, this adds another layer of uncertainty (gambling), which makes it even more exciting.

This kind of incentive is very successful so far, and it also proves the team's experience and innovation ability in operations.

4. More ways to play and participate

Due to historical reasons, $AEVO will make a 1-for-1 swap for $RBN tokens two months after it goes online, which also provides everyone with the opportunity to buy in advance and gain profits. For details, please see my previous post. From that time to now, the price of $RBN has doubled. x.com/BroLeonAus/sta…

Going a step further, here are several factors that influence current short-term prices.

Listed and circulated:

There are a total of 110 million tokens, 30 million are airdropped, 45 million are mined by Binance, and 35 million are released in other parts.

Over-the-counter price:

Around 2.6 dollars, the opening circulation has a market value of about 300 million. Horizontal comparison @dYdX There is still a lot of room for 1.8 billion (of course, we cannot directly compare it with the current leader).

Airdrop coin distribution timing:

The project team stated that they will issue coins before the market opens, but whether they can arrive in time depends on the congestion speed of the main network (coins need to be collected on the main network), and it might be another Gas War.

Market Sentiment:

The last $Portal's secondary performance was sluggish after the opening, which ensnared many people and had a negative impact. But today the altcoins took off, and $BTC $ETH has been trying to challenge new highs. If it can stabilize or break through in two days, then the secondary level may become fomo.

Expected opening price: 2.8-3.2 dollars (will update expectations before opening)

#币安打新 #Launchpool $Aevo