Aevo Burns 69 Million Tokens, Signifying Fresh Start

2026-01-09 17:43

Aevo has announced the destruction of 69 million AEVO tokens, equivalent to 6.9% of its total supply, as part of its AGP-3 initiative. This move is intended to signify a fresh start and reinforce the company's commitment to maintaining token value. The announcement was made on Aevo's X platform on January 9th. Currently, Phase 5 of Aevo's rewards program is ongoing, with 1 million AEVO tokens set to be distributed to traders. The program allows users to earn multiples of their staked AEVO based on trading volume. Additionally, staked AEVO tokens enable users to earn a share of Uniswap V3 LP fees, which will be distributed in June 2026.

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