Aventus is an Ethereum-based platform. Its economic model eliminates uncontrolled resale and counterfeit tickets. It allows event organizers to create, manage and promote their events and tickets with dramatically reduced costs, even letting them set price controls and receive commissions on ticket resales. It also gives ticket buyers rewards for promoting events, and identifying fraudulent activity.
AventCoin (AVT) is the underlying token in the Aventus protocol. The purpose of AVT is to fuel the Aventus ecosystem and ensure that the protocol runs autonomously, de-centrally, and without any fraud. AVT is used for stake weighted voting and consensus mechanisms for voting on the legitimacy of:
It is also used to facilitate anonymous matching of buyers and ticket sellers in the secondary market. “Matchers” are like miners in the Ethereum/Bitcoin blockchains and get rewarded with new AVT for performing these computations. The winning “matcher” for a given ticket (like the winning miner of a given block) is chosen by an AVT stake-weighted probability distribution.
They finished their ICO on the 6th of September in under 10 minutes. Raised 60k ETH in total, 30k presale, 16k white-list sale and 14k during their public token sale.
Aventus token sale will run for a week from the 6th to the 12th of September2017 with the aim of generating 6 million AVT tokens. During the sale, AventCoin (AVT) tokens can be purchased for Ether. AVT is the underlying token in the Aventus protocol.
There will be a constant price throughout the entire period of 128 AVT per ETH. AVT will be minted as ETH is contributed in the AVT sale, and therefore there is a hard cap total supply of AVT of 10 Million tokens, 60% of which will be sold in the AVT sale.
Token reserve split (40%) - read the full blog post here
|Fund Raised (BTC)||60,000 ETH|
|Fund Raised (USD)||20199582|
|Start Price (USD)||0.0108695652|
|Security Audit Company||DappHub|
|ICO Legal Form||Corporation|
|Legal Advisers||Global Advisors Holdings Limited|