AERGO is the native utility token of the Aergo platform, used for transaction fees, smart contract execution, staking, and network governance. The token was created on the Ethereum blockchain as an ERC-20 asset.
At the time of writing, AERGO has surged 26.27% in the past 24 hours, making it one of the top-performing assets of the day.
The price increase likely followed the announcement from a leading global exchange on April 16, stating it would launch a USDT-margined perpetual futures contract for Aergo (AERGO) with up to 15x leverage.