Ribbon Finance(RBN) Price Surges By 60%

An increase in the price of Ribbon Finance (RBN) is attributed partly to the announcement of AEVO’s inclusion in Binance Launchpool.

There has been a surprising 60% increase in the price of Ribbon Finance (RBN), which is causing a stir in the cryptocurrency market.

Investors and fans alike have taken notice of this boom within the Ribbon Finance token which has sparked conversations and speculation regarding the elements causing this unexpected increase in value.

Ribbon Finance Price Soars Amid Binance Announcement

Meanwhile, it would appear that the announcement of AEVO’s inclusion in the Binance Launchpool may have been a substantial factor in the significant price movement.

The cryptocurrency exchange Binance, considered one of the most prominent in the industry, has presented AEVO (AEVO) as its 48th project on Binance Launchpool.

Particularly noteworthy is that AEVO is a decentralized derivatives exchange platform that targets perpetual trading and options trading. Binance announced that the launchpad will facilitate farming AEVO tokens by staking BNB and FDUSD for five days, starting on March 8, 2024.

During this time, holders of AEVO’s native token can use various utilities, such as governance rights and staking privileges. In addition, the same team that developed Ribbon Finance is responsible for developing AEVO, which provides RBN holders with an appealing proposition.

Owners of RBN tokens can convert them into AEVO at a 1:1 rate, with a two-month lock-up period, while adhering to the originally established vesting timetable.

Furthermore, Binance has released information regarding AEVO’s token release timetable. Specifically, the company has highlighted that private sale investors and the team’s RBN tokens will fully vest by May 2030.

Concurrently, the Decentralized Autonomous Organization (DAO) of AEVO has allotted a portion of the fully diluted valuation (FDV) to provide future user and ecosystem incentives.

This will ensure that the cryptocurrency project will have a sustainable growth trajectory. With the introduction of AEVO to Binance Launchpool, the cryptocurrency exchange has demonstrated its support for the potential of the project as well as its dedication to promoting innovation within the cryptocurrency field.

With an initial circulating quantity of 110,000,000 tokens and a maximum token supply of 1,000,000,000 tokens, AEVO intends to carve out a specific area of the decentralized derivatives market.

Meanwhile, the project’s financing rounds, which combined to generate a total of $16.6 million throughout three stages, demonstrate the faith and interest of investors in AEVO’s mission.

Participants in the Binance Launchpool are provided with a unique opportunity to engage in AEVO’s growth journey from its inception, with an allocation of 4.5% of the total token supply, equivalent to 45 million tokens.

Investors and traders are closely monitoring the performance of the cryptocurrency exchange AEVO as it prepares to debut on Binance on March 13, 2024, and the potential impact it may have on the cryptocurrency market. 

At the time of this writing, the price of Ribbon Finance’s price had increased by 59.16% and was trading at $1.25 at the time of this writing, indicating that investors are becoming increasingly interested in the company.

Aside from that, the total trading volume of the RBN token has increased by 2082.88% over the past 24 hours, reaching $46.10 million.