Aevo Will Reintroduce Rewards for Specific Campaigns

Aevo'sMarketingandGrowthCommitteehasannouncedthepotentialreintroductionofrewardsforspecificcampaigns,suchasnewproductlaunches

Afterhittinganall-timehighof$4.46inearly2024,AEVOunderwentasignificantpricedecrease,leadingtonewstepsbytheproject.Inrecentmonths,theprojecthasadjusteditstradingrewardsandemissionsprogrambasedonmarketconditions.However,duetothedecreasingtradingvolumeandweakaltcoinmarket,theproject'steamhasannouncedthatthetradingrewardscampaignwillnotberenewed.Thisdecisioncomesaftermultipleadjustmentstothetradingrewardsandemissionsof$AEVO,withtheeffectivenessofcampaignsbeingassessedandnoprogressbeingmade.AevoWillReintroduceRewardsforSpecificCampaignsAccordingtoanannouncementbyAevo’sMarketingandGrowthCommittee,theprojectmayreintroducerewardsforspecificcampaigns,suchasnewproductlaunchesandspecialevents.Theserewardswillbeshort-termandnotpartofamulti-monthprogram.Aspartoftheoriginal$AEVOtokenomics,whichwereapprovedinAGP-1,Aevowilluseaportionofthesurplusrevenuegeneratedbyitsdecentralizedexchange(DEX)toconducttokenbuybacks.Thisinitiativeaimstoenhancethevalueforholdersofthe$AEVOtoken.StartinginJulyandcontinuingthroughDecember,Aevowillpurchaseatleast1million$AEVOtokenseachmonth.Topreventanymarketmanipulation,thesebuybackswillbecarriedoutrandomlyonaweeklybasis.ThebuybackswillbehandledbytheDAOusingatreasurymultisigwallet.Fortransparency,Aevowillsharethewalletaddressforpublicverification.AlltokensthatareboughtbackwillbecreditedtothecentralDAOTreasury.Toimplementanyfuturechangestothetokenomics,suchastokenburnsornewrewardsprograms,avotebythetokenholderswillberequired.ThisinitiativereflectsAevo’scommitmenttoenhancingthevalueandsustainabilityofthe$AEVOtoken.AevoPriceFell88%in3MonthsOnceapromisingaltcoin,Aevohasseenitspricedrasticallydecreasefromahighof$3.55onMarch28tocurrentlytradingat$0.50,indicatingasubstantiallossinvalueoverthepastthreemonths.Meanwhile,inotherLayer2protocolnews,ZKSyncispreparingforalarge-scaleairdrop.Theyplantodistributenearly18%oftheirZKtokensupply,whichequatesto21billiontokens,althoughthespecificairdropdatehasyettobeannounced.Inanotherdevelopment,Arbitrumislaunchingaboldinitiativetosupportitsgamingecosystem.Overthenexttwoyears,theywillallocate200millionARBtotheirDAO,aimingtostrengthentheirpresenceinthegrowingblockchaingamingsector.Thesemoveshighlightthedynamicshiftsoccurringwithinthecryptocurrencyandblockchainlandscapes.

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