Aevo officially announced on the social platform that the migration of $RBN to $AEVO has been officially completed. The AEVO token is a rebrand of the $RBN token launched in 2021.
This “unlock” is not a typical insider or VC unlock, but the ability of RBN holders to migrate RBN to AEVO tokens. About 40% of the “unlocks” are the DAO converting RBN to AEVO.
In the future, nearly all of AEVO’s fully diluted valuation is already in circulation and will not have a monthly unlocking and vesting period like most new projects.
The team and backers will voluntarily re-lock approximately 15% of the supply until the end of 2024. Over the coming weeks and months, Aevo will launch several new projects, including improved token economics, benefits for Aevo stakers, new trading experiences, and gas-free L2 ecosystem applications.
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