Aevo's pre-launch trading of its tokens before the airdrop has raised questions within the community
ChainCatcher news, according to The Block, the decentralized derivatives trading platform Aevo is offering pre-launch trading for its upcoming token, but the issuance has faced some skepticism. Parsec Finance founder Will Sheehan questioned whether the exchange is suitable for opening pre-launch trading for its own token, calling the idea "insane."It is reported that pre-launch trading allows traders to speculate on the future price of the token after its listing, enabling airdrop recipients to lock in prices. Regarding internal controls, Aevo co-founder Julian Koh stated that the exchange prohibits employees from trading its tokens before the listing. He added that the exchange has not shared any information about the listing price with investors or insiders. Before the airdrop, Aevo also offered a pre-mining feature, allowing traders to receive larger airdrop rewards based on their trading volume.The token is set to be airdropped to its community on March 13, but its distribution has faced criticism for being overly restrictive, with less than 5% of the supply allocated to users. On Aevo's Discord server, Aevo's community manager pushed back against these criticisms. They stated that while the allocation size is small, its effective size depends on the price. They added that the decision to provide more tokens to Binance than to the community is positive, as this exposure will benefit the token's price.In addition to the airdrop, the platform also plans to open its Layer2 network to other applications. It utilizes a Layer2 optimistic rollup created using the Conduit rollup platform. Its plan is to use Celestia to provide data availability, keeping transaction fees low and opening up to other protocols.
