Topic: [ANN] [DEFI] $AAVO (Aavo Club Token) (Read 66 times)
[R E S E R V E D]
A BRIEF INTRODUCTION TO THE AAVO CLUB TOKEN (AAVO)
& THE INITIAL PUBLIC SALE ANNOUNCEMENT
(BETWEEN 12.06.2021 AND 20.06.2021 ON VITEX EXCHANGE)
https://i.imgur.com/KUCB3Bg.jpeg
Aavo Club Token (AAVO):
Open Finance has seen rapid growth in the recent times and is creating new opportunities every day. Thousands of new users are being added into this sector and lots of DeFi (Decentralized Finance) & NFT (Non Fungible Token) platforms are being launched every passing day.
We aim to create a unique opportunity for the Aavo Club Token (AAVO) stakeholders by entering into the Open Finance medium and participating in a wide variety of investment opportunities such as PoS yielding, liquidity mining, market places, transaction pools, perpetual contracts, etc.
Aavo Club Token (AAVO) constantly involves in this sector and operates a fund in a strategic manner and in return, the stakeholders share the profit & loss in a frequency, which will be announced from time to time.
AAVO Tokenomics:
AAVO has a total supply of 1,123,581,321 tokens at the genesis. For allocation details, pl. check this: https://i.imgur.com/ttLH1m0.png
AAVO Initial Public Sale / Where to Buy?:
You can participate in the initial sale at ViteX exchange (Link: https://x.vite.net/trade?symbol=AAVO-000_VITE) and trade. AAVO token Initial Sale (20% supply) begins on 12.06.2021 and ends on 20.06.2021, each token priced at $0.0001. Unsold/remaining tokens, if any, after the sale, will be burnt completely by transferring them to the VITE burn address.
About the Team:
The team has considerably vast experience in both Traditional and Decentralized Finance. Currently, there are 2 leads working on the project and we are expecting to expand the team in future.
What is its utility exactly?:
To be precise, Aavo Club token represents the various investments made by the project, which can be seen live on the Blockchain through the Club’s transparent updates. Of course, this should be done in a completely trustless manner to achieve transparency and decentralization. But, in the beginning, the Club begins to operate in a centralized environment with monthly updates through the website and social media channels about the investments being made and the dividend distribtution announcements. Aavo Club’s investments are diversified into low, medium and high-risk zones and are aimed at achieving minimum guaranteed returns, which will be distributed among the stakeholders.
The project aims to become a truly Decentralized Autonomus Organization (DAO) in the long run leveraging the smart contract platforms. The detailed roadmap and the website is being developed and are expected to be launched by the first week of July, 2021.
Aren’t the investors taking risk by investing in a platform, which relies on ‘trust’ right now?
Though we are determined and working towards decentralization, at the moment, we must admit that there is risk involved for the stakeholders. Once the project achieves its DAO status, all the investment operations will have to be decided by the holders and AAVO acts as its governance token and no more centralized operations exists.
Are my funds ‘locked’ in this project? Can I claim my investment if I would like renounce my share of tokens?
As explained above, each token is in other words represents a share of investments made by the Club. The value of the token should be proportional to the portfolio being operated by the Club. Members are free to sell their tokens through exchanges, however, there will be no official way to sell the share of funds.
Why did you launch particularly on Vite instead of popular blockchains?
Because of its simplicity. Right now, we felt Vite is the simplest and easiest way for the project to start-off and with Vite Bridge, it would be even easier for the project to move to the popular chains and build interoperable asset management platforms.
Any ‘soon..’ events?
Apart from launching the website and the roadmap, there are no immediate events. There could be dividend announcements in a monthly frequency at the beginning. The first dividend announcement is likely to be in the 3rd week of July 2021, and will be distributed by the 4th week of July, 2021.
In the long run, the project’s success and the token’s price depends on the portfolio operated by the Club and the share of dividends distributed to the stakeholders. We are confident that we can build a great product, step by step.
If you have any suggestions, feel free to share them on Telegram (https://t.me/aavoclub) or mail at [email protected].
That’s it for now guys! Hope none of you regret buy not entering into the Club at this stage
& THE INITIAL PUBLIC SALE ANNOUNCEMENT
(BETWEEN 12.06.2021 AND 20.06.2021 ON VITEX EXCHANGE)
https://i.imgur.com/KUCB3Bg.jpeg
Aavo Club Token (AAVO):
Open Finance has seen rapid growth in the recent times and is creating new opportunities every day. Thousands of new users are being added into this sector and lots of DeFi (Decentralized Finance) & NFT (Non Fungible Token) platforms are being launched every passing day.
We aim to create a unique opportunity for the Aavo Club Token (AAVO) stakeholders by entering into the Open Finance medium and participating in a wide variety of investment opportunities such as PoS yielding, liquidity mining, market places, transaction pools, perpetual contracts, etc.
Aavo Club Token (AAVO) constantly involves in this sector and operates a fund in a strategic manner and in return, the stakeholders share the profit & loss in a frequency, which will be announced from time to time.
AAVO Tokenomics:
AAVO has a total supply of 1,123,581,321 tokens at the genesis. For allocation details, pl. check this: https://i.imgur.com/ttLH1m0.png
AAVO Initial Public Sale / Where to Buy?:
You can participate in the initial sale at ViteX exchange (Link: https://x.vite.net/trade?symbol=AAVO-000_VITE) and trade. AAVO token Initial Sale (20% supply) begins on 12.06.2021 and ends on 20.06.2021, each token priced at $0.0001. Unsold/remaining tokens, if any, after the sale, will be burnt completely by transferring them to the VITE burn address.
About the Team:
The team has considerably vast experience in both Traditional and Decentralized Finance. Currently, there are 2 leads working on the project and we are expecting to expand the team in future.
What is its utility exactly?:
To be precise, Aavo Club token represents the various investments made by the project, which can be seen live on the Blockchain through the Club’s transparent updates. Of course, this should be done in a completely trustless manner to achieve transparency and decentralization. But, in the beginning, the Club begins to operate in a centralized environment with monthly updates through the website and social media channels about the investments being made and the dividend distribtution announcements. Aavo Club’s investments are diversified into low, medium and high-risk zones and are aimed at achieving minimum guaranteed returns, which will be distributed among the stakeholders.
The project aims to become a truly Decentralized Autonomus Organization (DAO) in the long run leveraging the smart contract platforms. The detailed roadmap and the website is being developed and are expected to be launched by the first week of July, 2021.
Aren’t the investors taking risk by investing in a platform, which relies on ‘trust’ right now?
Though we are determined and working towards decentralization, at the moment, we must admit that there is risk involved for the stakeholders. Once the project achieves its DAO status, all the investment operations will have to be decided by the holders and AAVO acts as its governance token and no more centralized operations exists.
Are my funds ‘locked’ in this project? Can I claim my investment if I would like renounce my share of tokens?
As explained above, each token is in other words represents a share of investments made by the Club. The value of the token should be proportional to the portfolio being operated by the Club. Members are free to sell their tokens through exchanges, however, there will be no official way to sell the share of funds.
Why did you launch particularly on Vite instead of popular blockchains?
Because of its simplicity. Right now, we felt Vite is the simplest and easiest way for the project to start-off and with Vite Bridge, it would be even easier for the project to move to the popular chains and build interoperable asset management platforms.
Any ‘soon..’ events?
Apart from launching the website and the roadmap, there are no immediate events. There could be dividend announcements in a monthly frequency at the beginning. The first dividend announcement is likely to be in the 3rd week of July 2021, and will be distributed by the 4th week of July, 2021.
In the long run, the project’s success and the token’s price depends on the portfolio operated by the Club and the share of dividends distributed to the stakeholders. We are confident that we can build a great product, step by step.
If you have any suggestions, feel free to share them on Telegram (https://t.me/aavoclub) or mail at [email protected].
That’s it for now guys! Hope none of you regret buy not entering into the Club at this stage
x X x
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