Diving into Aevo: Popular Activities for a Potential Airdrop
Aevo — a cryptocurrency protocol that centers on derivatives, futures contracts, and options involving various assets.
The team behind Aevo is none other than Ribbon Finance. It's a cryptocurrency options project that we've separately discussed in a dedicated article. The project's mainnet was initiated in the middle of June, however, its token has yet to be launched. This paves the way for a potential airdrop in the future.
In this article, we will examine the activities available on Aevo and discuss factors that may grant you a potential retroactive airdrop.
Investment Activities
While there's no official data on investment volumes and funding, Aevo's Twitter account boasts followers from top-ranking employees of companies such as Coinbase, Paradigm, Dragonfly Capital, Electric Capital, Delphi Digital, among others. These mentioned companies could potentially be strategic or private investors in the project.
Getting Started with Aevo
You will need a Metamask wallet to engage with Aevo. All transactions take place on the Ethereum Mainnet, and network fees can sometimes be significantly high — something to consider in your risk management strategy.
To initiate your first deal, you must:
- Connect to the Aevo platform. Keep in mind, the application may not be accessible in certain regions, so a VPN might be necessary;
- Fund your account with USDC. This is the stablecoin used for executing transactions.
Once you've completed these steps, you can interact with both call and put options. For more insights about cryptocurrency options, you may refer to our dedicated article.
Opening Deals
Aevo allows trading of options for cryptocurrencies Bitcoin (BTC) and Ethereum (ETH). The shortest expiration term is 16 hours, while the longest is one quarter (12 weeks). We recommend testing the platform using various time frames to boost your chances for an airdrop.
Aevo also offers an OTC section, where you can create your custom option with preset parameters. This feature will particularly interest experienced traders who understand the price formation algorithm for options.
Aevo Platform User Interface. Source: app.aevo.xyz
OTC Trading Terminal on Aevo. Source: otc.aevo.xyz
Social Media
To be eligible for rewards such as airdrops, NFTs, and allocations in token sales based on your social media activity, we recommend following Aevo's essential resources:
What Amount of Capital is Required?
It's not necessary to open an option for an entire coin. A balance of up to $200 would be adequate, with $20–$40 set aside for fees. However, the success of your option and the Ethereum network fee can also influence these amounts.
