Aventus (AVT) exchange trading has now begun on Bitfinex, available against the pairs USD, BTC & ETH.
Margin trading for these pairs will be enabled gradually, once the order book develops sufficient liquidity.
Aventus is a London-based technology startup. They use cutting-edge blockchain technology, combined with valuable industry expertise, to bring a change to the event ticketing market.
Organisers can create, manage and promote their events and tickets with dramatically reduced platform costs, and can set price controls and receive commissions on secondary market sales.
Their proprietary blockchain-based protocol plugs into existing ticketing applications and websites, consequently reducing costs by up to 90%. Through this, they allow ticket sellers to control resale prices and derive revenue from the £8bn secondary market, giving full control over a tickets life-cycle with a much greater level of oversight and associated data.
The protocol’s token, AVT, has the purpose of rewarding participants for providing value. This is achieved through e.g. voting on the legitimacy of events, promoting events and matching buyers/ticket resellers.
The AVT Protocol Foundation recently raised $20M in a public token sale, which closed in just 7 minutes.