When was aave coin issued?

AAVE coins were issued on Uniswap through the Initial DEX Auction (IDO) on November 23, 2020. The total issuance is 16,000,000, and its main uses include governance, staking, rewards and trading.

AAVE Coin Release Time

AAVE Coin was issued on November 23, 2020.

Background

AAVE is a decentralized lending platform that allows users to lend and borrow cryptocurrencies. The platform uses the AAVE coin as its governance token, allowing holders to vote on the development of the platform.

Issuance Process

Initially, AAVE coins were issued on Uniswap through the Initial DEX Auction (IDO). IDO is a token issuance method that allows users to purchase tokens directly using cryptocurrency without going through a centralized exchange.

Issuance

The total issuance of AAVE is 16,000,000 tokens. Of these, 13,000,000 are sold in IDO and the remaining 3,000,000 are reserved for the Aave team and ecosystem projects.

Uses

The main uses of AAVE coins are as follows:

• Governance: Holders can control the platform Development proposals are put to a vote.
• Collateral: Used as collateral to borrow other cryptocurrencies.
• Rewards: Rewards to borrowers and depositors of the platform.
• Trading: Can be bought and sold on the exchange.

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