Aevo Stops Trading Rewards and Buys Back 1 Million AEVO Tokens!

Bittime - Aevo announced that it would stop trading rewards activities due to changes in market conditions. However, the staking reward will remain unchanged at 100,000 AEVO per week.

Aevo also plans to buy back AEVO tokens, at least 1 million $ tokensTHE AGE every month, from July to December. These buybacks will be random on-chain, with wallet addresses published for public verification.

Reasons Aevo Stopped Trading Rewards

Over the past few months, Aevo has made several adjustments to trading rewards and $AEVO token emissions. The trading rewards campaign, which lasted four months, has reached its planned end.

Significant changes in the market environment, including a decline in trading volumes and a weakening altcoin market, are the main reasons behind this decision.

In this context, Aevo decided that it did not make sense to update the trading rewards campaign. However, staking rewards remained stable at 100,000 AEVO per week, to provide ongoing incentives for token holders.

Plan AEVO Token Buyback

As part of the original tokenomics that was approved by the DAO in AGP-1, a portion of the surplus revenue generated by Aevo DEX will be used for token buybacks.

From July to December, Age will direct its protocol revenue to buy back $AEVO tokens, and provide more value for token holders. This buyback methodology will be carried out on-chain every week, at random times to prevent front running.

The DAO, through the Treasury and Revenues Management Committee, will use treasury multisig wallets to conduct these buybacks, and wallet addresses will be published to ensure transparency.

Repurchased AEVO tokens will be sent back to the main DAO treasury. Any future adjustments to tokenomics, such as burns or reward programs, will require another vote by token holders.

Impact on the Aevo Ecosystem

With the termination of trading rewards emissions and the start of token buybacks, the tokenomics strategy Aevo moving from an aggressive growth strategy to a more defensive approach that creates more value for token holders. With almost all of AEVO's supply vested, Aevo is in a strong position without the threat of a significant unlock.

The decision to discontinue trading rewards and focus on token buybacks is a strategic move to adapt to current market conditions and ensure stability and long-term value for its community.

Going forward, Aevo will continue to monitor the market and may reactivate rewards for certain campaigns, including new product launches or special events, but this will not be a multi-month rewards program.

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