On February 1st, Aventus launched the Validator Registration Program to enable AVT holders to earn Aventus Network transaction fees from the processing of transactions on the network.
In the first 24 hours following Aventus’ launch of Validator Registration, the program is already more than 25% full.
What is the Aventus Validator Registration Program?
The Aventus Network (AvN) main net is a second-layer blockchain protocol that brings scalability, lower costs, and speed to Ethereum transactions.
The network relies on AVT holders as Validators who process transactions in return for a fee. The Aventus Network will launch with 10 nodes, each with an equal probability of selection to process transactions (i.e. 10% probability).
Each node will earn fees associated with the processed transactions at an average of $0.01 per transaction. And each node will have a total stake of 250,000 AVT.
Validator transaction fee rewards are paid in proportion to the amount of AVT a Validator associates with a node.
E.g. If a holder owns 25,000 of a node’s 250,000 AVT, they will receive 10% of all transaction fee rewards from that node.
Thanks to Aventus’ existing partnerships with Cashback App, Artos Systems, FanDragon, and VOW currency, AVT holders interested in becoming Validators can start earning transaction fees from the processing of a minimum of 8.5m historical transactions.
Live transactions from these partnerships are due to begin processing on the Aventus Network at the end of Q1, 2021.
Become a Validator
Validator registration means that AVT holders can earn their share of transaction fees on a minimum of 8.5m historical transactions.
Validators will be able to withdraw their proportional share of transaction fees associated with their nodes on a monthly basis.
Validators will be able to deposit any amount of AVT to any of the 10 nodes using the Ethereum smart contract provided. The smart contracts have undergone a security audit by an independent third-party.
The Validator Registration Program ends on 8th February.
How to earn transaction fees with your AVT as a Transaction Validator
To register for the Transaction Validator Program before it ends on 8th February, visit https://aventus.io/products/.
What’s next for Aventus?
The Aventus main net platform launch is set for later in February, and we will be announcing more news over the coming weeks — so stay tuned!