Aevo

Eligibility extended to users who had traded on the platform before the announcement. Former Ribbon Finance RBN holders could convert at 1:1, and CoinGecko says 1,000,000,000 AEVO tokens would be minted to mirror the total supply of RBN. Up to 16% of AEVO in the DAO treasury was allocated to incentives, which would include an airdrop.

A separate farming programme was planned to reward trading volume, fees and recurring use, with farming rewards claimable after it ended. A Korean research note says the team and initial private-sale allocations, measured in RBN terms, would circulate through May 2024, which is the only May 2024 reference we found, and it concerns unlocks and not the airdrop.

The sources conflict on one point: a Substack post describes a Binance Launchpool sale in March 2023, but that is unrelated to the airdrop.

We did not find the exact claim window or amounts for the early-user airdrop, so check Aevo's official announcements and blog for the real figures.

Converting an older protocol's token into a new one at a fixed ratio is a way of carrying a community over to a new product. It also means the new token's supply and holders are largely the old ones, so the airdrop was one part of a rebrand and relaunch.

Derivatives venues carry risks that spot trading does not, including liquidation, funding costs and counterparty exposure. An airdrop for traders on such a venue rewards activity that may itself have been expensive, so the net gain is not the token's price alone. Anyone who traded mainly to earn points should compare their fees and losses with the reward, and should avoid assuming that future seasons will be as generous as earlier ones.