A few weeks back we asked our communities if they had any questions for our founders. We briefly sat down with Alan Vey & Annika Monari to go through the Q’s and get some answers for the community. Here is what they had to say:

1. Did Artos use Aventus funds?

Artos has over time had funding from multiple sources, which include grants from Aventus to develop the Aventus Protocol.

2. What is the use case of AVT that will increase demand for the token?

The new white paper that is due to be released in the coming months will make this very clear but fundamentally, AVT will remain the fuel and the due-diligence (fraud prevention and governance) mechanism of the Aventus network. The amount AVT paid in fees and the amount staked on the protocol will scale proportionally with usage; details of the updated economic model will be released over the next couple of months.

3. In your website, you mentioned that event creators can prove the legitimacy of their events by locking or voting with AVT. But a scammer who spent 10 000$ on AVT at 0.1$/AVT have more power than an authentic event creator who spent 10 000$ on AVT at 5$/AVT. How can you address this problem?

Aventus Classic, our fully Ethereum-based version of the protocol that satisfies the original whitepaper (including all ticket and event-based logic on-chain) requires event creators to stake and vote with AVT. The AVT required is intended to encourage use and fairness but we do not control the AVT to USD exchange rates on the open market. Aventus Classic lacks scale, so while it provides a solution for the long tail of ticketing it is not viable for large events (for which ticketing companies typically perform due diligence before paying ticketing monies to the organisers).

So that Aventus can serve the entire market, we have designed a scalable layer-2 solution running on Ethereum, called the Aventus Network (see the tech update here). We will be releasing both Aventus Classic and the beta version of the Aventus Network in coming months, and will explain the reasoningin depth in the upcoming whitepaper.

4. Can you tell me something about the state of the release that was firstly announced for May and than for early June? (No dates were given, they were just told that we were working on something that would be announced shortly. When asked when they were told perhaps May and then perhaps beginning of June. You know what they’re like…)

We expect press around our big announcement in the next couple of weeks, it is an exciting application of the technology. Further technical releases will follow in coming months including a new white paper and more commercial partners.

5. How will the demand for the token go up?

See 2.

6. Is the protocol meant for the ticketing businesses and the independent artists? And is it meant for both online and physical tickets?

The protocol is for any business or artist that sells or has rights associated with ticketing. Independent artists can greatly benefit from adopting the protocol, especially with regard to increasing the control they can exert over their tickets. The protocol is a digital solution and does not add much value to physical tickets. It is also an infrastructure solution that existing ticketing technology can plug into, and therefore artists, teams, event organisers and other ticketing stakeholders need to plug their existing technology into the Aventus infrastructure to leverage its benefits.

7. There is only one question we care about, that is, the AVT token price issue, and when will it be listed on other exchanges?

We do not solicit exchanges, and are focused on building fundamental sustainable utility through innovative technology and adoption. We are now in a position where we can engage with large enterprises to fulfil their ticketing needs and expect to see significant adoption by the tail end of this year and rapidly expanding in 2020.

8. When do you expect to sell the first ticket? Is it a chance to be this year?

Since the Aventus protocol itself is not a ticketing platform, but rather infrastructure that existing players can integrate into their technology stacks to leverage key blockchain benefits around control and oversight, key ecosystem participants spearheading adoption are focused on selling infrastructure to the industry rather than building ticket selling apps and selling tickets. We expect the first public ticket to be on the protocol this year, but note that we have run various private trials over the last 18 months testing tickets going through the Aventus protocol