Aevo updates token economics: stops trading reward activities, commits to repurchasing at least 1 million AEVO each month from July to December

2024-06-26 15:26:43
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ChainCatcher message, Aevo updates token economics, the trading rewards event that lasted for 4 months has ended, and there will be no continuation of the trading rewards event. However, the staking rewards will remain unchanged at 100,000 AEVO per week.

In addition, for the remainder of this year, Aevo will use protocol revenue to buy back AEVO tokens, empowering token holders. Given the current protocol revenue rate, Aevo commits to repurchasing at least 1 million AEVO each month from July to December.

The buybacks will be conducted on-chain weekly. The repurchased AEVO tokens will be sent back to the main DAO treasury. Future adjustments to the token economics (such as burn or reward programs) will require another vote by the token holders.

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