London, United Kingdom, October 22nd, 2024,
Chainwire
Aventus, a leading provider of enterprise
blockchain solutions and parachain on Polkadot, today confirms the
launch of Aventus 2.0, an evolution of the Aventus Network aimed at
establishing a stronger foundation for long-term growth and value
capture.
The update introduces several strategic initiatives designed to
enhance network performance and stakeholder utility, including
increasing transaction volume and overall network usage, expanding
the ecosystem through successful partnerships with Layer 3
appchains, enhancing token holder engagement via a liquidity mining
program, and reducing token supply via a burn mechanism.
The vision for Aventus 2.0 was developed by MVP Workshop, a
Blockchain Product Research & Development Studio who designed
Polygon Edge and Astar Network, in collaboration with Scytale
Digital and the Aventus Services team.
Following the approval of a community governance proposal in
which AVT token holders voted in favour of executing this vision,
the Aventus Services team will implement the Aventus 2.0 plan over
the next four months. This process underscores Aventus’s commitment
to stakeholder-driven decision-making, ensuring that major network
decisions are made through community consensus.
Aventus 2.0 comprises three main components:
- A Layer 3 appchain model, whereby enterprises are able to
operate on the Aventus Network and benefit from the security,
scalability, interoperability and decentralised infrastructure
offered by the Aventus ecosystem.
- A liquidity mining program on Uniswap, including a custom
user-friendly dApp, to enhance token holder engagement. Appchains
are also able to request grants from Aventus community treasury and
launch their own liquidity mining programs to drive liquidity for
their own tokens, contributing a portion of their token supply and
network fees to the Aventus treasury to support the broader Aventus
ecosystem and its development.
- A new collator rewards mechanism to ensure a secure and
efficient Aventus Network, alongside an automatic burn mechanism
for a portion of gas fees to reduce the overall supply of AVT
tokens in circulation.
Alan Vey, Founder at Aventus, commented: “Aventus 2.0
builds on important learnings from existing Aventus Network clients
as well as the invaluable expertise of our partners at MVP Workshop
& Scytale Digital, and represents a significant milestone in
our journey to enhance the Aventus Network’s capabilities and
deliver greater value to stakeholders.”
The appchain model is already seeing traction, with existing
users of the Aventus Network having recently launched their own
Aventus Layer 3 appchains.
Barry Helfrich, CIO at Enigmatic Smile, adds: “We
needed the Voucher Ledger solution to be secure, fast and stable
enough to process the discounts collected by hundreds of millions
of users in our rewards ecosystem — no small feat, but Aventus has
helped us build such a solution. The team has been helpful,
professional and responsive throughout the process. We’re looking
forward to continuing our long-standing relationship with
them.”
The updated network will provide enhanced functionality and
improved user experiences, positioning the Aventus Network as a
trusted leader in enterprise blockchain solutions and key
contributor to enterprise use cases within the Polkadot
ecosystem.
About Aventus
Aventus transforms how customers create trust
and unlock growth, crafting pioneering Web3 solutions for brands,
from creating more connected, integrated experiences to enhancing
traceability, transparency, and product authentication. Founded in
2020, Aventus is the only trusted digital product extension
platform that provides a secure and reliable Web3 environment for
customers to launch market-leading programs and product
activations.
With deep industry expertise and a strong understanding of
enterprise needs, Aventus delivers one the best feature sets of
Web3 with the familiarity of Web2, driving significant brand
reputation, trust, and enterprise growth for its customers. Its
production-ready, end-to-end Blockchain-as-a-Service software is
modular, scalable, and interoperable, giving clients the
flexibility they need to respond to rapidly-evolving market
opportunities.
For more information, users can visit: www.aventus.io, and also their X, LinkedIn and Telegram.
Contact
Head of
Marketing
Ellie
Hyman
Aventus
ellie.hyman@aventus.io