# Token Distribution

$AEVO does not come from nowhere, being a rebrand of our previous governance token $RBN, as voted in Ribbon Finance's latest governance proposal, RGP-33. This implies that the distribution of the token in large part cannot be changed, $RBN being widely distributed in the market and allocated.

**As of 01/01/2025, $AEVO is 100% unlocked and circulating.** The largest token holder remains the [Aevo DAO Treasury](https://etherscan.io/address/0xdaeada3d210d2f45874724beea03c7d4bbd41674).

RBN holders are invited to exchange their tokens in AEVO on a 1:1 basis, directly on the Exchange. There are nor will there be any limits on amounts or deadlines. The converted RBN will be held and immobilized in the [staking contract](https://etherscan.io/address/0x38913051E01D4F6910cB66bB9aC3cb77D746Ad81), which is immutable.

## Treasury Allocation

The holder of the largest number of tokens is the DAO Treasury and this capital has always been unproductive, except for that used in the liquidity pools supporting $RBN.

With AGP-1 the DAO approved a more dynamic and functional allocation of Treasury. This new organisation is linked to the genesis of the Committees, which will have the task of administering the sums.

We propose a fixed breakdown of the DAO Treasury in the following way:

* Up to 16% of $AEVO for Incentives (Airdrop Included), managed by the Growth & Marketing Committee. These tokens will be used in initiatives to disseminate the Governance token and attract more users/liquidity to the platform.
* Up to 9% of $AEVO for Token Liquidity, managed by the Treasury and Revenues Management Committee. These tokens will be used by the Committee to support the liquidity of $AEVO on DEXes and CEXes
* Up to 5% of $AEVO for Community growth and bounties, managed by the Growth & Marketing Committee. These tokens will be used for Community related events and bounties.
* 16%: unearmarked/reserved for future DAO spending. Note: The Aevo Project Contributors [2% yearly allocation](https://docs.aevo.xyz/aevo-governance/governance/aevo-revenues/operating-expenses) will come from this portion.