Aventus Network Launches Governance to Democratize Network Control
Aventus Network, a layer-two blockchain protocol that brings scalability, speed and lower costs to Ethereum transactions, today announced the launch of its community governance platform, providing Aventus Token (AVT) holders with full control over major decisions about the network and greater transparency.
In future, all decisions about parameters, chain configuration and upgrades related to the Aventus Network (AvN) and AVT will be decided by a binding community vote.
The voting system is being rolled out using the framework via snapshot.page – a popular off-chain, gasless, multi-governance community polling dashboard. Any AVT holder can participate in voting, with each held token equating to a single vote. AVT holders who are part of the Validator Scheme can also participate, receiving two votes for each AVT staked. There are 10 million AVT in circulating supply, with 2.5 million of these staked on the network.