Unlike other Layer 2 blockchain solutions, Aventus is an enterprise class, with an agreement to enter more than 58 million transactions from a variety of clients across various sectors.
Aventus Staking is 80% full and has started processing the first of at least 58 million transactions.
The company’s stated goal is to reach 1 billion Layer 2 transactions in the next two years. Speculators receive their share of the transaction fee as part of the network Proof of Stake transaction validation form. The staking program will be closed once it is completed.
Here’s everything you need to know about the Aventus staking program and how you can enter before it closes.
About Aventus Network
What started as a blockchain-based ticketing solution to combat ticket fraud has expanded into a customizable Layer 2 blockchain network that allows businesses and dapps to build on Ethereum and other chains, at scale, to process transactions at 100x speed and 1% cost.
Everyone knows that Ethereum fees are at an all-time high and scalability is limited to just 13 transactions per second. this is not enough.
The Aventus Network is a Layer 2 solution that provides scale and privacy for authorized blockchains with the security and interoperability of public blockchain networks – with none of the drawbacks of either.
All current and future transactions will flow through the main network as well. You can find full transparency of all Aventus network traffic and fees at explorer.aventus.io.
Furthermore, since there are many Ethereum competitors, as well as other private/licensed networks, Aventus builds using the substrate, which makes it easy to become a parachute and take advantage of Polkadot’s full interoperability – enabling Enterprise Layer 2 across the chains.
Aventus major network upgrade now supports cross-series NFTs
Over the course of 2021, Aventus has already built Polkadot’s Substrate crossroads to solve real-world problems, building strong relationships with a host of ambitious, high-growth companies, from ticket giant Live Nation France as reported by Bloomberg and video game content platforms – such as Fruitlab – to software Cashback for credit cards – like CashbackAPP.
Now, significant updates to the architecture of the Aventus Network platform will facilitate exciting new NFT partnerships that will reshape and revitalize the market.
Content creators can now issue NFTs on the Aventus mainnet for a fraction of the cost of any other blockchain network. Aventus NFTs are fully compatible with Ethereum NFTs and thus can be seamlessly transferred from one blockchain to another.
What’s more, unlike other NFT blockchains, the NFT-Manager platform on the Aventus Blockchain is built to support royalties and is directly integrated into the Blockchain. This ensures that creators who must receive royalties have a provable claim through the immutable ledger over their equity.
This major upgrade of NFTs expands the network’s appeal as a full-service blockchain solution for any sector, any application, and any innovation, dramatically increasing the transaction throughput capabilities of the network with associated fees.
Aventus Network is the brainchild of co-founder and CEO Alan Vey, winner of the Forbes 30 Under 30 for his work as co-founder and CEO of Aventus Network.
Before moving to Blockchain, Alan worked at Deloitte in the entrepreneurial division and macro hedge fund Brevan Howard. Completed a master’s degree in Artificial Intelligence from Imperial College London. His master’s thesis was on blockchain technology, during which he co-founded Aventus.
Alan’s support is an experienced leadership and advisory team. Notably, one of the key advisors is Danny Masters, CEO of CoinShares, a company that has raised more than $3 billion in assets in products listed on the XBT Provider while attracting more than 40,000 clients.
Introduction to $AVT and Aventus Staking Program with over 58 million agreed transactions
Using the Proof of Stake node validation model, Aventus Network pays validators their share of the fee from each transaction processed on the node in which they share their AVT in dollars.
There is a maximum aggregate supply of only 10 million cubic meters with a market capitalization of less than $5 million as you can see at https://www.coingecko.com/en/coins/aventus.
The network relies on AVT holders as validators who process transactions for a fee. The Aventus network will be launched with 10 nodes, each with an equal probability of being selected for transaction processing (i.e. 10% probability).
Each node will earn a fee associated with the transactions it processes at an average of $0.01 per transaction. Each node will have a total share of 250,000 AVT.
Validator transaction fee rewards are paid in proportion to the amount of AVT that Validator associates with the node. For example, if the owner owns 25,000 of the 250,000 AVT of a node, he will receive 10% of all transaction fee rewards from that node.
According to active member Blake Aventus telegram, the wagering rate is better than that of crypto-lending platforms such as Nexo. Additionally, the staking rewards earned do not dilute your original holdings because Aventus has a fixed supply.
“A lot of staking rewards with other projects may offer higher payout rates, but in reality, you don’t really earn anything because these rewards come from minting more tokens and adding to the total token supply,” Blake commented.
How to bet
The auditors will be able to withdraw their proportionate share of the transaction fees associated with their contract on a monthly basis.
Validators will be able to deposit any amount from the AVT to any of the ten contracts using the offered Ethereum smart contract. Smart contracts have been subject to a security audit by an independent third party.
The checker logging software is currently 80% full and will shut down immediately at 100%.
Register to participate now at https://www.aventus.io/ecosystem/.
You can find a step-by-step guide on how to bet at https://medium.com/aventus/the-step-by-step-guide-to-the-aventus-validator-staking-program-e3ccf4b47c8e.