AventCoin (AVT) declined -4.00% in less than 24 hours

It was bad day for AventCoin (AVT), as it declined by $-0.00816749999999999 or -4.00%, touching $0.19602. Top Crypto Analysts believe that AventCoin (AVT) is looking for the $0.215622 goal. According to 4 analysts could reach $0.521233200101984. The highest price was $0.2041875 and lowest of $0.19602 for April 13-14. The open was $0.2041875. It last traded at Bitfinex exchange. Aproximately 1,494 AVT worth $294 was traded.

For a month, AventCoin (AVT) tokens went down -3.10% from $0.2023 for coin. For 100 days AVT is up 17.38% from $0.167. It traded at $0.3931 200 days ago. AventCoin (AVT) has 10.00 million coins mined with the market cap $1.96 million. It has 10.00M coins in circulation. It was founded on 19/07/2017. The Crypto AVT has proof type and operates under algorithm.

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.

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