Aevo Coin

Ribbon Finance

<h2 id="header-0">Governance Vote Seals the Deal</h2><p>On July 25, a pivotal governance vote took place resulting in the approval of RGP-33, a noteworthy proposal advocating for the integration of Ribbon into Aevo. This almost unanimous decision illustrates the congruence between the stakeholder vision and the Aevo team’s direction.</p><h2 id="header-1">Action Plan Post-Vote</h2><p>Upon the voting results, a systematic course of action was chalked out:</p><ul><li><strong>Rebranding Initiative</strong>: By August 25, the transformation of all Ribbon Finance’s communication avenues, both private and public, into Aevo will be finalized.</li><li><strong>Ribbonomics System</strong>: Come August 25, the Tokenomics mechanism associated with $RBN, termed “Ribbonomics”, will be phased out. This means <a href="https://blockchainreporter.net/glossary/staking/" rel="noopener noreferrer nofollow">staking</a> rewards and revenue streams connected to $RBN will cease. Concurrently, the unlocking of veRBN will be made available sans penalties, setting the stage for the forthcoming 1:1 swap with $AEVO.</li><li><strong>Unified Platform Launch</strong>: September is slated for the rollout of a consolidated digital platform amalgamating the strengths of both Aevo and Ribbon. Moreover, the product suite will also witness a merger.</li><li><strong>Token Swap</strong>: Subsequent to the aforementioned integrations, users will be facilitated to exchange $RBN for $AEVO in a 1:1 ratio, free from any swap constraints or expiration dates.</li></ul><h2 id="header-2">Community Involvement in Crucial Facets</h2><p>Post-merger, two pivotal areas will greatly benefit from the collective insights of the community:</p><ul><li><strong>Governance System Revamp</strong>: Discussions surrounding the architecture of the new governance system will be initiated in the upcoming weeks. Aevo’s inherent complexity, when compared to Ribbon, warrants the establishment of a more intricate, well-defined, and rule-bound governance mechanism. The Aevo team is geared up to delve into ideation, taking into account both internal and community-based suggestions.</li><li><strong>Tokenomics Re-evaluation</strong>: Once the governance model is set, focus will shift to revamping the <a href="https://blockchainreporter.net/glossary/tokenomics/" rel="noopener noreferrer nofollow">Tokenomics</a>. Months of accumulated insights and feedback will inform this process. The overarching objective is clear-cut: Ensuring $AEVO not only aligns with stakeholder aspirations but also fosters platform growth.</li></ul><p>By amalgamating <a href="https://www.ribbon.finance/" rel="noopener noreferrer nofollow">Ribbon Finance</a> with <a href="https://www.aevo.xyz/" rel="noopener noreferrer nofollow">Aevo</a>, the path is paved for a robust and holistic <a href="https://blockchainreporter.net/glossary/digital-asset-ecosystem/" rel="noopener noreferrer nofollow">digital financial ecosystem</a>, primed to serve its users with enhanced capabilities.</p>

Integration of Ribbon Finance with Aevo: A Strategic Move

Table of Contents

BlockchainReporter

Other articles published on Aug 14, 2023

ADA Price Prediction 2023: Can Cardano Take Support, Rise?

Shibarium Launch Countdown: Major Exchange Teases SHIB Token Listing

BTC Price Analysis: Crypto Analyst Predicts Impending Bitcoin Correction

Shiba Inu Team Stirs Up Community With Cryptic Messages

Curve (CRV) Trails Bitcoin in Epic Emission Slash: Details

Bitcoin Spot ETF Approval Could Kickstart A Bull Run: Bernstein

Join our free newsletter for daily crypto updates!