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:

• Events on the protocol (e.g. the global pool of verified events) => fraudulent events mean applications selling their tickets will lose customers, so we need to prevent this.
• Applications (either promoters or ticketing apps) sitting on top of the protocol => a list of verified applications needs to be determined so applications falsely claiming to use the protocol cannot sell fraudulent tickets.
• The parameters that determine how the protocol works, e.g. event creation fees or reporting fees.

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.

Aventus 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. 

Team:

• Alan Vey: Director, Full Stack Engineer ([email protected]) 
• Annika Monari: Director, Full Stack Engineer  ([email protected]) 
• Kavon Soltani: Head of Sales  ([email protected])
• Mario Vassiliades: UI/UX Design  ([email protected])
• Arnaud Gaboury: Head of Communications  ([email protected])
• Benedict Lewis: Full Stack Engineer  ([email protected])

Advisers:

• Prof. Will Knottenbelt: Technical Adviser - Director of the Cryptocurrency Research and Engineering Centre, Imperial College.
• Prof. Mike Waterson: Economic Adviser - Expert in U.K. secondary ticketing after publishing a report for the government's BIS and DCMS.
• Diane Bowers: Business Adviser - Director, Blue Horizon Entertainment & Managing Partner, Bowers Resource Group.
• Ryan Lanham: Strategic Adviser - Experienced finance professional, COO at Re-Gen UK and senior adviser at Bride Valley Partners.
• Danny Masters: Business Adviser - Chairman of the investment manager for the first fully regulated crypto fund and other group initiatives in technology ventures.
• Jean-Marie Mognetti: General Adviser - Head of Trading and Operation for the first fully regulated crypto fund and other group initiatives in technology ventures.
• Rus Newton: General Adviser - Director of Research, Global Advisors. 20+ years early stage venture capital investor.

Token reserve split (40%) - read the full blog post here

• 19.5% new user incentive: given to applications building on the protocol and successful events on the protocol over a 3-5 year period
• 2.5% bounties
• 8% Aventus company held in perpetuity for voting right on the network
• 10 % for advisors, corporate partners, and team