Definitions
Aevo
Aevo is the first Derivatives L2, focused on options and perpetuals trading. Aevo Exchange is a highly robust options and perpetuals CLOB decentralized exchange built on the Aevo L2 rollup on the Optimism stack, with Aevo Strategies (automated strategies) built on top. This architecture allows for low gas fees and low latency whilst significantly improving liquidity and capital efficiency.
$AEVO
The native cryptographically-secure fungible protocol token of Aevo (ticker symbol $AEVO) is a transferable representation of attributed governance and utility functions specified in the protocol/code of Aevo, and which is designed to be used solely as an interoperable utility token thereon.
To promote decentralised community governance for the network, $AEVO would allow holders to propose and vote on governance proposals to determine future features, upgrades and/or parameters of Aevo, or provide feedback, with voting weight calculated in proportion to the tokens staked. The right to vote is restricted solely to voting on features of Aevo; it does not entitle $AEVO holders to vote on the operation and management of the Company, its affiliates, or their assets or the disposition of such assets to token holders, or select the board of directors or similar bodies of these entities, or determine the development direction of these entities, nor does $AEVO constitute any equity interest in any of these entities or any collective investment scheme; the arrangement is not intended to be any form of joint venture or partnership. After governance launch there will be no individual or corporate entity or other active promoter, sponsor, or group or affiliated party that maintains sole control over Aevo.
Further, $AEVO provides the economic incentives which will be distributed to encourage users to exert efforts towards contribution and participation in the ecosystem on Aevo, thereby creating a mutually beneficial system where every participant is fairly compensated for its efforts. $AEVO is an integral and indispensable part of Aevo, because without $AEVO, there would be no incentive for users to expend resources to participate in activities or provide services for the benefit of the entire ecosystem on Aevo. Given that additional $AEVO will be awarded to a user based only on its actual usage, activity and efforts made on Aevo and/or proportionate to the frequency and volume of transactions, users of Aevo and/or holders of $AEVO which did not actively participate will not receive any $AEVO incentives.
$AEVO does not in any way represent any shareholding, ownership, participation, right, title, or interest in the Company, the Distributor, their respective affiliates, or any other company, enterprise or undertaking, nor will $AEVO entitle token holders to any promise of fees, dividends, revenue, profits or investment returns, and are not intended to constitute securities in Panama, Singapore or any relevant jurisdiction. $AEVO may only be utilised on Aevo, and ownership of the same carries no rights, express or implied, other than the right to use $AEVO as a means to enable usage of and interaction within Aevo. The secondary market pricing of $AEVO is not dependent on the effort of the Aevo Project Contributors, and there is no token functionality or scheme designed to control or manipulate such secondary pricing.
For the avoidance of doubt, neither the Company nor the Distributor deals in, or is in the business of buying or selling any virtual asset or digital payment token (including $AEVO). Any sale or distribution of tokens would be performed during a restricted initial period solely for the purpose of obtaining project development funds, raising market/brand awareness, as well as community building and social engagement; this is not conducted with any element of repetitiveness or regularity which would constitute a business.
sAEVO
$AEVO functions as an access token and sAEVO is its staked version. Please notice that sAEVO is not a different token or a receipt token, it's simply the staked status of $AEVO.
You can stake $AEVO or $RBN for a minimum fixed duration of 2 months (9 weeks), on a 1:1 basis; after 9 weeks, you can unstake at any time, with releases on a weekly basis (corresponding to the Epochs of staking rewards). Should you decide to remain staked instead, you will continue to enjoy the benefits of sAEVO without needing to do anything else.
sAEVO has the following exclusive characteristics:
can entitle holders to participate in special initiatives such as commission discounts, rewards multipliers, early access to new products and more, see Staking Perks.
allows holders to make new voting Proposals, according to the rules set forth in this document;
enables holders to be elected as members of Committees;
gives holders 2x the voting power of $AEVO.
Ribbon Labs Foundation aka Aevo DAO (abbr. DAO)
Ribbon Labs Foundation aka Aevo DAO (abbr. DAO) is an autonomous entity formed by the owners of $AEVO and sAEVO that pursues the goal of the growth and development of Aevo, through for-profit and non-profit initiatives, with the following tasks:
contributes to governing and directing the development of Aevo through formal voting, according to the tools and rules provided in this document, subject always to compliance with all prevailing laws;
holds and safeguards $AEVO token treasury;
financially supports the growth and maintenance of Aevo;
employs strategies aimed at sustaining the liquidity of the $AEVO governance token;
promotes the development of Aevo's user community.
Apogee Technologies (abbr. Apogee)
Apogee Technologies (abbr. Apogee) is the developer company that is engaged by the DAO to support the technology development of Aevo. Apogee has the following tasks:
develops and maintains all services and products offered by Aevo;
manages all operations, logistics, and event participation;
selects and administers personnel active in the development of Aevo, its user base and community.
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