Keep up with our Polkadot Parachain bid!
August 02, 2022
We’re excited to announce that we’re going to be bidding for a Polkadot Parachain slot from 28 August – 4 September. This page will house all the information about our journey and how you can get involved.
We’ll be regularly updating this page with developments on our journey, so be sure to check back to see how we’re getting on!
Support our Parachain bid!
Aventus makes it easy for businesses and decentralised platforms to build on Polkadot, Ethereum and beyond.
We’re an enterprise-grade blockchain with all the necessary value-add services built around the network. Via our modular architecture, we allow businesses in any sector or ecosystem to capitalise on the blockchain while future-proofing themselves with full interoperability.
We have a world-class team, and some of the leading names in blockchain and tech have supported us – including Gavin Wood, Founder of Polkadot.
“The blockchain community has flourished over the last two years and so has the variety of services blockchains provide. The next challenge facing the community is making interoperability between blockchain networks a reality. This is precisely what Aventus’ integration into the Polkadot network will enable, bringing the speed, security and long-term cross-compatibility required for Aventus to work seamlessly with the wider blockchain community. We can’t wait to see where this takes Aventus – the possibilities are endless.”— Gavin Wood, Founder of Polkadot
We help our clients solve real-world problems, and those that have trusted us are already thriving.
“Following six months of testing on the Aventus Network test net, we concluded that we will continue to increase our net margins by nearly 25% long-term with the introduction of the Aventus Network main net.”— Bish Smeir, Chair of VOW and CEO of CashbackAPP
“The Aventus Gateway framework has opened the door for us, giving us a truly scalable, simple solution with the flexibility we need. It’s been very easy to integrate PIP – our universal gaming rewards token – into the AvN, and NFTs are now firmly on our roadmap.”— Cameron Leslie, Managing Director of fruitlab
Parachain auctions explained
How it all works
One of the biggest advantages of being a Parachain is the combined benefits of the shared ecosystem.
We plan to use these benefits to power our offering – bringing a blockchain solution with superior speed, scalability, interoperability and security to businesses.
Polkadot Parachains are leased in slots via auction. The project which can provide the largest amount of locked-in DOT will win the slot.
Backers can support their favourite projects by staking DOT for the duration of the lease period in a process known as a crowdloan.
What is a crowdloan?
A crowdloan is a way for new projects to garner the support they need to connect to the Polkadot network as a Parachain. Backers can support a project by staking their DOT for the length of the Parachain lease in exchange for a reward, usually in the form of the project’s native token. These contributions will pay for the Parachain slot lease and generate rewards in AVT. When the Parachain lease expires, the DOT that you staked is returned to you.
While locked, the contributed DOT tokens can be used to cover the cost of Parachain lease, but are never directly accessible by Aventus (or any Parachain).
All you need to know
At a glance
Your questions answered
You can stay up to date with the latest Aventus news and the press by following us on our social channels.
We’ll also be sharing developments in real time via email, so join our mailing list below to be the first to hear about updates!