Aventus Network, a Layer-2 blockchain protocol that brings scalability, lower costs, and speed to Ethereum transactions, recently launched its native utility token AVT on Bittrex Global.
The token fuels the Aventus Network through powering transactions, supporting validator activity and by proofing governance. Since the launch of the mainnet, there have been more than nine million transactions processed on the network, with each transaction yielding rewards in AVT for all stakers.
“Listing on Bittrex Global is a pivotal moment for the Aventus Network,” its CEO Alan Vey said. “Equipped with Bittrex Global’s unparalleled global reach, AVT tokens, with the numerous utilities they bring to holders and businesses, will now be available to a wider pool of people than ever before.
”While the blockchain industry continues to expand, enjoying evermore widespread adoption, Aventus continues to stay ahead of the curve, with regular new features and functionalities for businesses and token holders. We are now on the verge of entering the next phase of Aventus’ journey, expanding the scope of our blockchain exponentially in the coming months. Our listing with Bittrex Global signals the end of a successful year for Aventus and its token holders, representing a vote of confidence in the Network and its ambitions while laying the foundations for the next period of rapid growth and development.”
AVT holders see low and predictable transaction fees of approximately one cent and can stake their holdings to earn rewards. Upon the rollout of phase three, AVT holders’ votes will carry weight equivalent to the amount of they hold – a method being implemented to empower community decision-making for the betterment of the ecosystem, Aventus said. AVT also has a total fixed, circulating supply of 10 million.
“We are pleased to welcome the Aventus Network onto the Bittrex Global Exchange. The network’s rapid growth is a clear sign of its demand and we are happy to provide crypto enthusiasts with the ability to purchase AVT in a fast, secure and simple way,” said Stephen Stonberg, CEO at Bittrex Global.