Aevo Updates Token Economics: Ends trading incentive activity, repurchases at least 1 million AEVO per month from July to December
On June 26th, Aevo updated the token economics. The 4-month trading reward activity has ended and will not be renewed. However, the staking reward will remain unchanged at 100,000 AEVO per week. In addition, for the rest of the year, Aevo will use the agreement revenue to repurchase AEVO tokens, empowering token holders. Given the current agreement revenue rate, Aevo will commit to repurchase at least 1 million AEVO per month from July to December. Repurchases will take place on-chain on a weekly basis. Repurchased AEVO tokens are returned to the main DAO vault. Future token economic adjustments (such as destruction or reward programs) will need to be voted on again by token holders.