New Governance Proposal Live on Aventus Network (AVT)—What You Need to Know

Aventus Network (AVT), a layer-2 scaling solution built on Polkadot, has introduced a new governance proposal as part of its treasury management strategy.

This proposal focuses on leveraging the network’s ecosystem token, VOW, to generate yield. This strategic initiative represents a proactive approach to maximizing the value of the Aventus treasury and highlights the L2 network’s commitment to responsible financial management. The proposal will be open for one week and conclude on February 13th, 2025.

Notably, the Aventus community enthusiastically adopted the proposal, resulting in a significant price surge of 44.6% for the Aventus native token, which reached $3.13 in the last 24 hours, according to CoinGecko data.

For context, Aventus is an L2 protocol built using Polkadot’s Substrate framework. This blockchain protocol provides businesses with scalable, secure, and cost-effective transaction processing. While leveraging the Ethereum platform for certain functionalities, Aventus’ interoperability extends to other blockchains, allowing clients to select their preferred base layer. While AVT is the network’s native token, VOW is an ecosystem token Aventus retailers use in a smart contract to create vouchers.

What is the Aventus Governance Proposal?

The proposal’s central tenet involves strategically deploying VOW tokens in the Aventus treasury into yield-generating opportunities. This proactive approach demonstrates a forward-thinking perspective on treasury management, prioritizing capital preservation and appreciation.

The proposal aims to increase the treasury’s value and fund future Network development. This shows smart treasury management, focusing on growth and protecting assets. The proposal also highlights the Aventus Network’s maturing governance. Open community review, debate, and voting show a commitment to decentralized decision-making and community ownership, which fosters trust and long-term sustainability.

Notably, Aventus Network’s community business development proposal passed with nearly 250,000 votes. This strengthens Aventus as a top appchain for Web2 and Web3 businesses, boosting its ecosystem and attracting developers and users.

Furthermore, Aventus Network’s future depends on the success of its yield-generation and community development initiatives. These show a commitment to sustainable growth and community involvement, which is crucial for innovation in the decentralized ecosystem. Continued community engagement is key to Aventus’s success, and its transparent and participatory governance supports it.

Aventus and Truth Network Partnership

On February 4th, 2025, Aventus Network welcomes Truth Network to its family. Truth Network, a groundbreaking, decentralized, trustless prediction market, is rapidly gaining traction, attracting major clients and users even in its early stages.

Aventus provides secure and scalable blockchain technology for the Truth Network, ensuring its ability to handle large amounts of activity.

As an Aventus appchain, Truth Network will leverage Aventus’s renowned enterprise-grade security and scalability. Partnering with Aventus, Galactic, and Blockchain Factory, Truth Network is establishing a new benchmark for verifiable, tamper-proof data, providing businesses, media, and individuals with a reliable source of truth.

The Web3 prediction market, launching as an Aventus appchain, benefits from the security, scalability, and interoperability of the Polkadot ecosystem.

Alan Vey, Founder of Aventus Network, highlights the significance of this partnership:

“Truth Network addresses a crucial contemporary challenge: building trust in an era of misinformation. We’ve ensured its design accommodates large-scale media adoption and global regulatory compliance – precisely the purpose of blockchain: fostering fairness, transparency, and trust in global markets.”

Notably, the Galactic platform is poised to revolutionize media transparency through its decentralized verification system. Several major media organizations are partnering with Galactic, utilizing its tamper-proof, real-time data secured by Truth technology.

This collaboration allows these organizations to establish themselves as leaders in verifiable, decentralized information, enhancing trust and credibility. This integration is expected to attract hundreds of millions of monthly users to the Galactic network.

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