The Good Tech Companies - Aventus Network Confirms Launch Of Aventus 2.0, Key To Driving Enterprise Use Cases To Polkadot

Episode Date: October 22, 2024

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This audio is presented by Hacker Noon, where anyone can learn anything about any technology. Aventus Network confirms launch of Aventus 2.0, key to driving enterprise use cases to Polkadot, by Chainwire. London, United Kingdom, October 22, 2024, Chainwire, Asterisk 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 app chains, 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 and development studio who designed Polygon Edge and Astar Network, in collaboration with Skytale Digital and the Aventus services team. Following the approval of a community governance proposal in which AVT token holders voted in favor 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. Aventis 2.0 comprises three main components 1. A Layer 3 AppChain model, whereby enterprises are able to operate on the Aventis network and benefit from the security, scalability, interoperability and decentralized infrastructure offered by the Aventis ecosystem. 2. 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 Aventis ecosystem and its development. 3. A new collator rewards mechanism to ensure a secure and efficient Aventis network, alongside an automatic burn mechanism for a portion of gas fees to reduce the overall supply of AVT tokens in circulation. Greater than Alan Vey, founder at Aventis, commented. Aventus 2.0 builds on important greater-than learnings from existing Aventus Network clients as well as the invaluable greater-than expertise of our partners at MVP Workshop and Skytale Digital, and represents a greater-than significant milestone in our journey to enhance the Aventus Network's greater-than 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. Greater than Barry Helfrich, CIO at Enigmatic Smile, adds. We needed the voucher ledger greater than solution to be secure, fast and stable enough to process the discounts greater than collected by hundreds of millions of users in our rewards ecosystem. No small greater than feat, but Aventus has helped us build such a solution. The team has been greater than helpful, professional and responsive throughout the process. We're looking greater than 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, Aventis 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, user scan visit www.eventus.io and also their ex, LinkedIn and Telegram. Contact head of marketing Eli Hyman of enchsele.hyman at eventus.io. Tip this story was distributed as a release by Chainwire under HackerNoon's business blogging program. Learn more about the program here. Thank you for listeningwire under HackerNoon's business blogging program. Learn more about the program here. Thank you for listening to this HackerNoon story, read by Artificial Intelligence.

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