How to participate in the Aventus sale

Monday, 04 Sep 2017 13:08

In this guide, we are going to show you how to participate in the Aventus sale. We have created a basic guide on what you need to do in order to prepare for the AVT sale which includes creating a wallet, purchasing Ether and sending it to an address which will be provided publicly on Aventus website later on.

Aventus will only provide the ETH address on its website, type in the URL yourself to avoid any potential scam hyperlink redirects https://ico.aventus.io and ensure once entered that the website url has 'https://' in it. (Side note: Do not under any circumstances go to an ETH address sent out via slack, email, or any other medium, there are many scammers and Aventus will only provide the TRUE address on the aforementioned website.)

What is the Aventus Protocol, token and sale

Aventus is an Ethereum-based protocol that eliminates uncontrolled resale and counterfeit tickets. It allows event organizers to create, manage and promote their events and tickets with dramatically reduced costs, even letting them set price controls and receive commissions on ticket resales. It also gives ticket buyers rewards for promoting events, and identifying fraudulent activity.

Aventus’ innovations vastly improve upon existing solutions by bringing oversight and transparency to the ticketing lifecycle, security to the transfer and validity of tickets, new revenue streams for event organizers and greater promotional capabilities.

The Aventus protocol has its own underlying token, AventCoin (AVT). The purpose of AVT is to fuel the Aventus ecosystem and ensure that the protocol runs autonomously, de-centrally, and without any fraud.

The AventCoin (AVT) is used for stake weighted voting and consensus mechanisms for voting on the legitimacy of:

  • Events on the protocol (e.g. the global pool of verified events) => fraudulent events mean applications selling their tickets will lose customers, so we need to prevent this.
  • Applications (either promoters or ticketing apps) sitting on top of the protocol => a list of verified applications needs to be determined so applications falsely claiming to use the protocol cannot sell fraudulent tickets.
  • The parameters that determine how the protocol works, e.g. event creation fees or reporting fees.

It is also used to facilitate anonymous matching of buyers and ticket sellers in the secondary market. “Matchers” are like miners in the Ethereum/Bitcoin blockchains and get rewarded with new AVT for performing these computations. The winning “matcher” for a given ticket (like the winning miner of a given block) is chosen by an AVT stake-weighted probability distribution.

In order to fund the development and marketing of the Aventus Protocol, a crowdfunding campaign will be hosted and buyers can purchase AVT.

The AVT sale will last 5 days and go live on the 19th July. There is a maximum of 6 million AVT tokens available for sale at the set price of 92 AVT per ETH. There is a pre-sale with a 20% discount that is offered to strategic and corporate investors. 60% in total will be sold in the crowdsale (this is including the pre-sale which will be capped at ½ of this 60%).

The other 40% will be split into three categories

  • 19.5% for new user incentive program distributed over a 3 to 5 year time frame
  • 18% for Teams and advisors 15.5% of the 18% will be held for 1 year
  • 2.5% for social and bug bounties

Funding Breakdown

Click here to learn how token sales work.

How to prepare for the AVT sale (Buy ETH)

If you’re looking to join the Aventus token sale, there are two things you’ll need:

  • Ether to purchase AVT
  • An Ether wallet to send ETH from and to receive the AVT token

First, let's see how to create a wallet. Then we'll learn how to buy ETH. Lastly, we'll learn how to send Ether from your new wallet to the Aventus ETH address which will be provided on the official website https://ico.aventus.io.

Part 1 - Create an Ether wallet

Step 1: Click here to go to MyEtherWallet
Step 2: Enter a strong password and click "Create new wallet"

Step 3Store your Private Key. Click "Download Keystore File (UTC/JSON)"

Step 4Once the Keystore File has been downloaded, click "I understand. Continue."

Step 5: You can also save or write down your private key

Step 6: Click "Save your address"

Step 7: Now, to see your address, upload your private key. To do so, click "Keystore File (UTC / JSON)"

Step 8Upload your Keystore file.

 

Step 9: Enter your password and click "Unlock"

Step 10: Once your wallet is unlocked, you can scroll down to see all details. Including the wallet address which you'll need to send ETH from the exchange to the wallet.

Part 2 - How to Buy Ether

We're going to show you how to buy Ether with your debit card on the Coinbase exchange. However, you can use a number of exchanges like Kraken, Bitstamp and many others. Click here to see exchanges where you can buy ETH.

Part 2.1 - Create an Account 

Step 1: Click here to go to Coinbase and click "Sign Up". Fill out your information and click "Create Account" 

Step 2: After filling out your personal info, you need to verify your email adress. Open your inbox and click the "Verify Email Adress" button. 

Step 3: Click "Next"

Step 4: Choose your country (1) and cellphone number (2), then click "Next" (3).
Then, click "Send SMS" (1). You will receive an SMS with a 7 digit code, type the code into the correct field (2) and click "Verify Phone number" (3) 

Step 5: After you phone has been verified you will need to verify your identity using an ID. Click "Start Verification" and choose the document you want to use.

Step 6: This is going to open a window for you to take a picture of your document with a webcam. Allow Adobe Flash (1) and Your Browser (2) to use the camera. 

Your account is now created and verified. Time to buy some Ether 

Part 2.2 - Add your debit/credit card

Step 1: Once you've confirmed your identity, you'll be prompted to add a new payment method. 

Step 2: Choose the second option and dd all your credit card information (1) and click "Next" (2). Check the example below if you have any questions 

Now it's time to buy some crypto using your credit card. If you don't want to your a card, you can also choose the "Bank Account" option and follow the steps provided by Coinbase.

Part 2.3 - Buy Ether using your debit/credit card  

Step 1: After your debit/credit card has been added you can click "Buy Digital Currency

Step 2: Choose Ether and fill in the amount of ETH or fiat equivilant you want to buy. (1) and click "Buy Ether Instantly(2)

 

And you're done. You are now an official Ether holder. Now we need to send ETH to the wallet we previously created in Part 1.

Part 3 - Send ETH from your new wallet

Step 1: Once you have your wallet you can now send and receive transactions. All you have to do is upload the private key file you have created through the MyEtherWallet website or mist/geth. Simply click "Send Transaction", select the type of private key you want to use (Keystore, Json file or Plain text) and click "Select wallet file". 

Step 2: Select the wallet you want to use. Once you've selected the correct private key, type the password and click "Unlock wallet" 

Step 3: Now all you have to do is fill out the Wallet you want to send Ether to (The Aventus ETH address will be provided on the official website https://ico.aventus.io), and how much you want to send. Click "Generate transaction" and then "Send transaction".  

Step 4: One last confirmation window will appear, click "Yes, I am sure"

Watch the AVT token

Once you receive your AVT tokens (on the same wallet you sent from), you’ll need to “watch” them in order to see the balance and interact with said tokens. To learn how to watch a token on MyEtherWallet, read this guide.

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