Categories: Press Releases

Aventus Network Confirms Launch of Aventus 2.0, Key to Driving Enterprise Use Cases to Polkadot

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.