Aventus 2.0 Network Upgrade

Investing.com – Enterprise blockchain solutions provider Aventus, having secured a parachain slot in the Polkadot ecosystem, has launched a significant network upgrade aimed at enhancing transaction volumes and network usage.

Key Features of Aventus 2.0

• Ecosystem Expansion: Aventus 2.0 seeks to broaden its ecosystem through partnerships with Layer 3 appchains and engage token holders via a liquidity mining program.
• Token Burn Mechanism: A token burn mechanism will be introduced to decrease the supply of Aventus tokens (AVT).

Historical Context

The AVT token, launched in 2017, peaked at a value of $6.905 in early 2018. Currently, it holds a market cap of $12.5 million and trades around $2.09, according to CoinMarketCap.

Collaboration and Implementation

Developed in collaboration with MVP Workshop, which is behind Polygon Edge and Astar Network, as well as Scytale Digital and the Aventus Services team, the update will be rolled out over the next four months following a community governance proposal that saw AVT token holders voting in favor of these changes.

New Features and Benefits

• Appchain Model: The update introduces a new appchain model allowing businesses to operate on the Aventus Network.
• Liquidity Mining Program: A program on Uniswap is set to enhance token holder engagement.
• Gas Fee Burn Mechanism: This component will contribute to reducing the overall AVT supply.

Comments from the Founder

Aventus founder Alan Vey remarked: “Aventus 2.0 builds on important learnings from existing Aventus Network clients and the invaluable expertise of our partners at MVP Workshop & Scytale Digital, representing a significant milestone in enhancing the Aventus Network’s capabilities.”

Adoption and User Experience

The appchain model has already witnessed early adoption, with current users launching their own Layer 3 appchains.

Barry Helfrich, CIO at Enigmatic Smile, a rewards platform utilizing the Aventus Network, noted the team’s assistance was crucial in developing a reliable solution for processing discounts across their large user base. He stated, “Aventus has helped us build such a solution.”