[PRESS RELEASE – London, United Kingdom, October 22nd, 2024]

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 appchains, 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 & Development Studio who designed Polygon Edge and Astar Network, in collaboration with Scytale Digital and the Aventus Services team.

Following the approval of a community governance proposal in which AVT token holders voted in favour 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.

Aventus 2.0 comprises three main components:

1. A Layer 3 appchain model, whereby enterprises are able to operate on the Aventus Network and benefit from the security, scalability, interoperability and decentralised infrastructure offered by the Aventus 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 Aventus ecosystem and its development.
3. A new collator rewards mechanism to ensure a secure and efficient Aventus Network, alongside an automatic burn mechanism for a portion of gas fees to reduce the overall supply of AVT tokens in circulation.

Alan Vey, Founder at Aventus, commented: “Av