Aventus (AVT) is a layer-2 blockchain protocol built on Polkadot's Substrate blockchain, offering scalable, secure, and cost-effective solutions for businesses. It operates on the Ethereum platform and is interoperable with other chains, allowing clients to choose their base layer. AVT tokens are used for transaction fees, staking, and governance, and the network is designed for enterprise use cases, including sports, entertainment, and supply-chain management. Aventus aims to provide predictable transaction costs and has achieved carbon-neutral status.
Aventus (AVT) is a utility token used on the Aventus Network, a private blockchain built on Substrate. The token has four primary use cases:
Transaction Fees: Users pay AVT as fees for processing transactions on the Aventus Network. These fees are often low and predictable.
Collator Staking: Collators on Aventus author new blocks and execute transactions. To discourage malicious behavior, collators stake AVT upon joining the network. Any attempts to harm the network result in direct consequences for the collator.
Staking Rewards: AVT token holders can stake their tokens and receive rewards in return.
- Governance: AVT tokens are used in voting and proposals. The voting power of AVT holders is proportional to the amount of AVT they hold, ensuring a fair and representative governance system.
To store Aventus (AVT) tokens, you have two primary options:
Store on an Exchange:
- Holding your AVT on an exchange provides convenient access to various investment products and features, such as spot and futures trading, staking, lending, and more. The exchange will securely hold your funds, but you should ensure the exchange implements strict security measures to protect your assets.
Use a Non-Custodial Wallet:
- Storing AVT in a non-custodial or self-custodial wallet grants you complete control over your private keys. You can use hardware wallets, Web3 wallets, or paper wallets. This option offers higher security but may be less convenient if you plan to trade your AVT frequently or use it for other activities.
To buy Aventus (AVT) tokens, you can follow these steps:
Buying Aventus (AVT) on a Centralized Exchange (CEX):Choose a CEX: Select a reliable and trustworthy crypto exchange that supports Aventus (AVT) purchases. Consider the ease of use, fee structure, and supported payment methods when choosing a crypto exchange.
Create an Account: Enter the required information and set a secure password. Enable 2FA using Google Authenticator and other security settings to add an extra layer of security to your account.
Verify Your Identity: Complete KYC verification, which may require government-issued identification documents. This step varies based on your nationality and region.
Add a Payment Method: Follow the instructions provided by the exchange to add a credit/debit card, bank account, or other supported payment method.
Buy Aventus (AVT): Use fiat currency to buy Aventus (AVT) if supported, or first purchase a popular cryptocurrency like USDT and then exchange it for Aventus (AVT).
Choose a Wallet: Select a reliable and reputable crypto wallet that supports Aventus (AVT).
Download the App: Download the wallet application to your device from the Google Play Store, App Store, or as a browser extension.
Create a Wallet: Create a new wallet address or import an existing one. Make sure you write down the seed phrase and keep it in a secure place.
Buy Aventus (AVT): Purchase the cryptocurrency using a supported payment method. Check the fees, as they may be higher than what exchanges charge.
Swap for Aventus (AVT): Alternatively, if your wallet doesn’t support direct fiat-to-AVT purchases, you can first buy a more popular cryptocurrency like USDT and then exchange it for Aventus (AVT) through your crypto wallet or on a decentralized exchange.
- Coinbase: Purchase AVT and transfer it to your Metamask wallet address.
- Uniswap: Exchange ETH for AVT using the token address
0x0d88eD6E74bbFD96B831231638b66C05571e824F
. - Kraken: Deposit AVT to your Kraken account by navigating to Funding, selecting the asset, and hitting Deposit.
Choose a DEX: Select a DEX that supports Aventus (AVT) and your chosen wallet.
Download and Install a Wallet: Download and install a Web3 crypto wallet like Metamask or Trust Wallet, which is supported by the DEX.
Create and Set Up a New Wallet: Create a new wallet address or import an existing one. Make sure you write down the seed phrase and keep it in a secure place.
Transfer ETH or BNB: Transfer the corresponding mainnet cryptocurrency (ETH or BNB) to your self-custody crypto wallet address.
Connect Your Wallet to the DEX: Connect your wallet to the DEX by following the instructions on the DEX.
Swap for Aventus (AVT): Find the "Swap" option on the DEX, select the token you want to trade from the dropdown menu in the "From" section and Aventus (AVT) in the "To" section. If Aventus (AVT) is not listed, input the contract address and add it.
- Confirm the Swap: Check the details and click the "Swap" button. Your wallet will ask you to confirm the action.
Remember to always be cautious of scams and ensure you are using official platforms and contract addresses.