Aventus

Aventus (AVT) is a cryptocurrency that operates as a customizable layer 2 network to the Ethereum blockchain. It was founded in 2016 and has since evolved to provide interoperability, scalability, and predictable transaction costs for Ethereum-based applications. The Aventus network is designed to be enterprise-grade, making it suitable for large-scale business transactions and partnerships.

Aventus has a native utility token, AVT, which is used to give holders a say in the direction of the protocol, process transactions on the network, and can be staked for rewards. The token has a maximum supply of 10 million AVT, with a circulating supply of 8.3 million AVT.

The price history of Aventus shows significant fluctuations over time. It reached its all-time high of $11.09 on September 12, 2017, and its all-time low of $0.029199 on May 6, 2020. The token has experienced both significant gains and losses, with its top-performing year being 2021 when it increased by 2,517.88%.

Aventus has also made significant strides in its governance structure. In May 2024, a governance proposal was passed, allowing AVT token holders to propose upgrades and changes to the Aventus Network. This move dissolved the Aventus Foundation, the previous decision-making body, and shifted decision-making power to the community.

Today, Aventus continues to operate as a private, permissioned layer-2 blockchain built on Substrate, offering scalable and secure solutions for businesses. It has achieved carbon-neutral status and is designed to be environmentally friendly, consuming significantly less energy per transaction compared to Ethereum.

Aventus (AVT) is a cryptocurrency that operates on the Aventus Network, a blockchain designed to address issues like ticket fraud, scalping, and counterfeiting in the traditional ticketing market. The Aventus Network is an enterprise-grade blockchain that has opened up modern businesses to the adoption of blockchain technology, creating use cases in various sectors such as sports, entertainment, supply-chain management, and data management.

• AVT Token: The Aventus Token (AVT) is an ERC-20 token that serves as the utility token for the Aventus Network. It has four major use cases:

  • Transaction Fees: Users pay AVT as fees for processing their 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.

• Network Operations: To move tokens from the Aventus Network to the Ethereum Network, each transaction must be signed by at least two-thirds of the collator nodes. This ensures the transaction is valid and verifiable by the Ethereum contract. A special module called “Ethereum-transactions” ensures that each transaction to Ethereum is sent only once and is properly authorized. The network regularly updates Layer 1 Ethereum with transaction details from the Aventus Network, creating an immutable record on Layer 1.

• Lifting AVT: AVT holders can move AVT from Layer 1 (Ethereum) to Layer 2 (the Aventus Network) using a specialized tool. This tool allows for easy and autonomous transfer, enabling users to stake their AVT and earn rewards.

Aventus prides itself as an environmentally friendly project, having achieved carbon-neutral status in 2022. It consumes significantly less energy compared to other blockchains, with an energy consumption of just 0.001kWh per transaction, compared to Ethereum’s energy consumption of over 238kWh per transaction.

Aventus raised approximately £26 million at an initial coin offering in 2017 and is backed by prominent investors, including Coinshares and Scytale. The AVT token has a circulating supply of 6 million AVT, with a recent proposal approving the continual minting of additional AVT tokens proportional to the amount earned by stakers after every staking period. However, investors should be aware that investing in Aventus or any other cryptocurrency carries certain risks, including market volatility and potential regulatory changes. It is essential to research and evaluate risk tolerance before investing.

The token Aventus (AVT) has several strengths that make it an attractive investment opportunity:

1. Layer 2 Scaling Solution: Aventus provides a layer 2 scaling solution for Ethereum, enabling faster and cheaper transactions. It can process transactions 133 times faster and at just 1% of the normal cost compared to Ethereum.

2. Interoperability: Aventus is designed to be interoperable with multiple blockchain networks, including Ethereum and Polkadot. This allows it to tap into the ecosystems of both networks, enhancing its potential for adoption and growth.

3. Enterprise-Grade: Aventus is built to cater to large-scale enterprise partnerships, requiring millions of annual transactions. This focus on enterprise-grade solutions sets it apart from other blockchain projects.

4. Customizability: The Aventus network allows businesses and dApps to build on top of Ethereum and other chains at scale, making it a versatile solution for various use cases.

5. Low Market Cap: Aventus has a relatively low market capitalization, which presents an opportunity for significant growth if it gains traction and adoption.

6. Strong Community: The Aventus community is growing rapidly, with increasing social media presence and upcoming announcements that could further boost its visibility.

These strengths position Aventus as a promising cryptocurrency project with a strong potential for growth and adoption.

Aventus (AVT) carries several financial risks that investors should be aware of before investing in the cryptocurrency.

Aventus has been given a medium risk rating by InvestorsObserver, indicating that it is a relatively high-risk investment. This rating is based on a proprietary scoring system that analyzes the amount of money required to move the price over the past 24 hours, taking into account recent changes in volume and market capitalization. This suggests that the token is susceptible to price manipulation due to limited trading activity.

The cryptocurrency market is known for its high volatility, which can lead to significant price fluctuations. This volatility can result in substantial losses for investors, especially those who engage in leveraged trading, where both profits and losses are amplified.

Investors should also consider the potential impact of regulatory changes on the cryptocurrency market. Changes in regulations can significantly affect the value of AVT and other cryptocurrencies, adding to the overall risk profile.

Aventus operates in a competitive space, with other enterprise-grade blockchains offering similar services. This competition can lead to market share erosion and decreased adoption, negatively impacting the value of AVT.

Investing in Aventus or any other cryptocurrency carries inherent risks, including the possibility of capital loss. There is no guarantee of profit, and investors should carefully evaluate their risk tolerance before investing.

Although Aventus has achieved carbon-neutral status, any changes in environmental regulations or public perception could impact the project's reputation and value.

The dissolution of the Aventus Foundation and the shift to community governance proposals may introduce new risks, such as the potential for conflicting proposals or inefficient decision-making processes.

The tokenomics of Aventus, including the staking requirements for governance proposals, can also introduce risks if not managed effectively. For example, the locking of staked AVT for a year can lead to reduced liquidity and increased price volatility.

Overall, investors should carefully consider these financial risks before investing in Aventus (AVT) and ensure they have a thorough understanding of the project's dynamics and the broader cryptocurrency market.

• Alan Vey: Founder and Chairman of Aventus, with a background in computer science and artificial intelligence. He co-founded VereNFT and Artos Systems and holds a Master’s degree in Computer Science and Artificial Intelligence from Imperial College, London.
• Martha: Chief Marketing Officer at Aventus Network, with experience managing marketing teams and holding degrees in Marketing and Business Administration from Texas A&M University and the University of Texas, Austin.
• Emmanuel Ngubo: Software Engineer at Aventus, co-author of the Aventus whitepaper, and previously a Developer Relations Engineer. He holds a Ph.D. in Telecommunications from King’s College, London, and a Master’s degree in Network Communications from Coventry University, London.
• Annika Monari: Co-founder of Aventus and Artos Systems, with a degree in Physics from Imperial College, London.
• Andrey Brozhko: Chief Product and Technology Officer at Aventus, co-author of the Aventus Whitepaper, and an experienced entrepreneur with a track record in fintech, blockchain, cloud security, and identity management. He holds an MBA from Warwick Business School, United Kingdom.