Aventus Bi-Weekly Update (March 23-April 5)
April 05, 2022
In this edition of the Aventus Bi-Weekly Update you’ll find more information on our new listing, meet the new AvN validator nodes and find our refreshed technical whitepaper
Inside this edition of the Aventus Bi-weekly Update, you’ll also find:
- Upcoming Live Twitter Space AMA with Aventus CEO Alan Vey 💬
- Aventus Mainnet t2 upgraded to V3
- Meet the Team with Business Research & Strategy Analyst Nathan Phillips
- Aventus partner Vow Currency acquires UK rewards app Swipii
- Staking withdrawal instructions for Ethereum
Let’s get started…
📢 LISTING ANNOUNCEMENT – Vote for $AVT to be listed on gate.io! 📢
The cats finally out the bag… Aventus is looking to extend our community with a new listing on gate.io! Voting will begin at 16.00 pm UTC on April 7th and end at 14.00 pm UTC on April 8th.
To show your support for Aventus and help us get listed, you can head over to https://www.gate.io/poll/votelist/296 and vote for our native token $AVT to be listed on the gate.io exchange. 💪
As part of the listing vote, Gate.io will be selecting 50 lucky users who will share 3,650 $AVT (73 $AVT per winner), just click the link above and follow the instructions to be entered into the draw!
Happy voting, and let’s get Aventus listed on Gate! 🙌
Meet the new organisations validating transactions on the AvN
We recently submitted six proposals via our governance application for our community to vote on, putting forward six organisations to run a validator node on the Aventus Network.
We’re happy to announce that all six of the proposals passed, as the quorum of 1,000,000 votes was exceeded on each. Each proposal received between 1.4M to 1.6M votes, which is a fantastic turnout for our first ever governance proposals!
The passing of these proposals means that CoinShares, GABI Ventures, Imperial College London, Scytale Ventures, Sesame Wallet and 100 Acre Ventures will all be onboarded to run validator nodes for the Aventus Network.
A validator is an authorised node that processes transactions and is capable of creating blocks on the chain. Data must be validated before it is written to new blocks and validators participating in this are rewarded for doing so with AVT.
The onboarding of the new validator nodes will mean the Aventus Network transaction validation process will be reinforced by a more decentralised network.
Learn more about the organisations that will be running validator nodes below:
CoinShares is Europe’s largest digital asset investment firm, managing billions of assets on behalf of a global client base. Our mission is to expand access to the digital asset ecosystem by pioneering new financial products and services that provide investors with trust and transparency when accessing this new asset class. CoinShares is publicly listed on the Nasdaq First North Growth Market under ticker CS and the OTCQX under the ticker CNSRF.
To learn more about CoinShares, visit: https://coinshares.com/
GABI Ventures was acquired by CoinShares and rebranded under the CoinShares Capital Market Brands in 2020. The company provided seed and series A investments into Blockchain companies and now operates under the CoinShares brand.
To learn more GABI Ventures, visit: http://www.globaladvisors.co.uk
Imperial College London
Imperial College London is a world top ten university with an international reputation for excellence in teaching and research. Consistently rated amongst the world’s best universities, Imperial is committed to developing the next generation of researchers, scientists and academics through collaboration across disciplines. Located in the heart of London, Imperial is a multidisciplinary space for education, research, translation and commercialisation, harnessing science and innovation to tackle global challenges.
To learn more about Imperial College London, visit: https://www.imperial.ac.uk/
Scytale Ventures was founded in 2017 by investment management professionals, entrepreneurs, and blockchain pioneers to foster the growth and adoption of blockchain technology by supporting founding teams of blockchain protocols, applications, and companies.
To learn more about Scytale Ventures, visit: https://scytale.ventures
Sesame Wallet aims to take user experience to a whole new level by simplifying what has long been exclusively reserved to the crypto geeks: Mining, stacking, creating NTFs and accessing decentralised exchanges.
For our launch, we envision to create the simplest, most secure and accessible way to acquire the Alephium through mining. Why Alephium? Alephium blockchain is going to be a revolution with its scalability, pragmatism and Defi security system. Its mining relies on a more sustainable approach than other crypto tokens by using PoLW (Proof-of-Less-Work) algorithm focusing on regulation of energy consumption of the network. Sesame Wallet brings all these revolutionary features at just a click.
To learn more about Sesame Wallet, visit: https://sesame-wallet.io/
100 Acre Ventures
100 Acre Ventures is a technical investment firm focused on the emerging digital asset class. We believe we are amidst a secular change and at an inflection point where the macro landscape, shifting consumer preferences, and technological innovation have the potential to accelerate the adoption of digital assets and the underpinning technology.
To learn more about 100 Acre Ventures, visit: https://www.100acreventures.com/
Read the refreshed and extended Aventus Network Technical Whitepaper
We recently released our refreshed and extended technical whitepaper. Take a deep dive into the Aventus Network and learn about the companies building on Aventus, our architecture, our roadmap and much more.
You can read the whitepaper here.
Upcoming Live Twitter Space AMA with Aventus CEO Alan Vey 💬
More exciting news for you, as we’re hosting our very first Twitter Space AMA with Aventus CEO Alan Vey at 10 am UCT on Tuesday 12th April.
As we’ve already mentioned, our first six governance proposals have all passed. This means several things for Aventus, ranging from becoming more decentralised and secure to giving our community more control on major business decisions.
Therefore in the first half of the AMA, we’ve decided to focus on questions related to Aventus governance and the proposals that passed, what this means for Aventus and the community and why it benefits you.
Below is a brief agenda for the upcoming AMA:
- 10 am – 10.15 am – Aventus CEO Alan Vey will be answering governance-related questions submitted through this form.
- 10.15 am – 10.30 am – At this point we’ll open up the floor to our listeners and allow users to ask any questions they may have for Alan. We’ll try to get through as many as we can!
Please send us any questions you have regarding Aventus Governance via Twitter or Telegram using the hashtag #AMA.
We’ll also be giving away $300 worth of USDT to 3 lucky winners who get involved with this AMA, to find out how to enter head over to our Twitter page.
We’ll try to answer as many questions as we can!
You can set a reminder for this AMA or access the Twitter Space when we’re live here.
Aventus Mainnet t2 upgraded to V3
A huge milestone has been reached at Aventus! As part of our recent AvN layer 2 upgrade work, the Aventus Mainnet t2 has been upgraded to V3, edging us closer to our long-term goal of becoming a parachain.
What does this mean?
Essentially, this upgrade means that the AvN can now get the latest security fixes and improvement updates from Substrate, but it also means that Aventus is now more closely aligned to Substrate which will make it easier for us to make future upgrades and adopt future Substrate updates over the coming years. Therefore, this is a key milestone we’ve reached in our journey to becoming a parachain.
Meet the Team with Business Research & Strategy Analyst Nathan Phillips
In case you missed it, check out the brand new ”Meet the Team” video with Aventus Business Research & Strategy Analyst, Nathan Phillips.
In the above video you’ll get to know all about Nathan, how he became interested in Blockchain, his responsibilities at Aventus and what he gets up to in his spare time.
Aventus partner Vow Currency acquires UK rewards app Swipii
Aventus partner, Vow Currency, recently acquired the assets of Swipii, a UK based card-linked loyalty app. Vow Currency has been gaining some serious traction in the UK market, after they also recently invested in UK Reward Tech Enigmatic Smile Ltd.
Bish Smier, CEO of Vow Currency said “Companies operating in the loyalty industry are finding it increasingly difficult to meet the needs of consumers, retailers and publishers whilst also operating a profitable business.”
“A brand-new model is required. We believe that this model is a blockchain-based solution represented by Vow and that this model will disrupt this space in an unprecedented manner,”
He added, “Our team has worked in payment-linked-technology since the very beginning. We’ve seen first-hand how difficult it is to make a business based on the probabilities of transactions occurring work for all stakeholders.”
Aventus helped CashbackAPP increase their net margins by as much as 25% in just six months in multiple business jurisdictions through vowcurrency.com. As a business that gives users cashback on purchases, they were able to restructure their loyalty debt obligation on their balance sheet, reduce transaction fees, and improve treasury management while providing customers with more prompt payment.
Find out more about how Aventus helped Vow Currency over on our Use Cases page here.
Staking Withdrawal Instructions for Ethereum
Note: This announcement is for stakers whose preferred withdrawal method was to Ethereum.
To withdraw your AVT please follow this link which will take you to the ‘Write Contract’ interface for the Aventus AVN contract:
Click the button to connect your Ethereum wallet.
Note: you can connect any account with enough ETH to pay the gas fees, it doesn’t need to be the same address that your AVT is being returned to.
Expand option 11. lower and copy paste your provided leaf and merklePath data exactly as provided in the example
If you informed us that your preferred withdrawal method was to receive your AVT stake and rewards to Ethereum, then please check your emails for your leaf and merkle path data. If you have not received an email from us please contact email@example.com
Click the Write button and confirm you wish to proceed with the transaction.
Note: do not proceed if a warning message appears stating the transaction may fail – contact Aventus instead
Once the transaction has been successfully mined your AVT will be back in the account you originally staked with.