Sirwin
Sirwin
$AEVO On Binance Launchpool - Sell Or HODL?

$AEVO On Binance Launchpool - Sell Or HODL?


Binance has announced the 48th project on Binance Launchpool. Starting tomorrow, you can farm $AEVO tokens by staking $BNB and $FDUSD into two separate pools over five days.

The project has also announced an airdrop of $AEVO tokens for early supporters

Farming new tokens on Binance Launchpool is always profitable. However, the question remains what is Aevo, and whether to sell the $AEVO tokens immediately or hodl them for long-term investment?

What Is Aevo?

Aevo is the first Derivatives Layer 2. It is an ecosystem of products that provides everything any trader needs. You can trade options, perps, yield, and structured products on Aevo.

Its high throughput and performance are enabled by a custom L2 based on the OP stack while inheriting Ethereum's security.

The Aevo team comprises members from renowned companies and institutions such as Coinbase, Kraken, Stanford, MIT, and Cornell.

 

🔥 $AEVO Airdrop 

Aevo has already announced an airdrop for early supporters. You can boost your eligibility for the $AEVO airdrop simply by trading on the Aevo exchange.

 

Sell Or HODL?

I have to admit that I am not 100% sure what to do with my $AEVO tokens that I am going to farm on Binance Launchpool. The amount that I farmed should be at least three digits otherwise the position would be too small for an investment. 

I appreciate the innovative approach of Aevo as the first Derivatives Layer 2, distinguishing itself from other Layer 2 and gaming tokens. That's why an investment consideration is worth it.

 

My Final Conclusion

What do you think about Pixels, the new project on Binance Launchpool? Are you going to farm $AEVO and do you think it is a good investment to hodl as a long-term investment? Did you already trade on the Aevo exchange? Let me know in the comments!

If you can not farm tokens on Binance Launchpool because you have not yet registered on Binance then please consider using my referral link with the invitation code E3PGAJCE to sign up. Using it saves you trading fees for each trade on Binance, a classical win-win situation.

I hope my post provides valuable information, but it should not replace your #DYOR. Please keep in mind that while I may look knowledgeable in my profile picture, I am not a licensed financial advisor.

Thank you for reading! If you enjoy this type of content, follow me here on Publish0x for more. You can also follow me on Twitter/X and Medium.

You may also like: The Binance Labs Investment Observer - The Bitcoin Staking Revolution Babylon

 

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