1. QiAi QuestsHome
  2. Metaverse & Beyond

Aventus Puts the Split of Native Token AVT on Hold

• Metaverse & Beyond • 114 views

On February 22, Aventus announced that it had shelved its earlier decision to split its native token AVT. The company said in a statement: \”This does not mean …

Aventus Puts the Split of Native Token AVT on Hold

On February 22, Aventus announced that it had shelved its earlier decision to split its native token AVT. The company said in a statement: “This does not mean that we will stop the split of tokens, we just temporarily stop, our first task is to reconsider the split of tokens in the future.” AVT tokens were issued in 2017, and initially hit a record high of $6.905 in 2018. According to the data of CoinMarketCap, its current market value is $7.3 million.

Aventus suspends the token split plan

Interpretation of the news:


Aventus, a blockchain-based event ticketing protocol, recently announced that it had decided to temporarily shelve its earlier decision to split its native token AVT. This news comes amid doubts surrounding the benefits of token splits, as well as challenges related to token price stability.

AVT tokens were issued in 2017, and the company initially set a price of $4 per token. The tokens quickly gained attention in the crypto world and hit a record high of $6.905 in 2018. However, AVT’s value soon began to fluctuate, and the token price has since declined.

Despite the rise and fall of AVT’s value, the company believes that it remains important to find ways to ensure the stability of the token price. The proposed token split was originally intended to increase liquidity and create more accessibility to the token, but these goals have now been placed on hold.

The decision to pause the token split has been met with mixed reactions from the community. Some have expressed disappointment, feeling that the planned split would have increased the liquidity of the token and made it easier to trade. Others, however, feel that the company’s decision is wise, as it allows Aventus to reconsider the split in light of changing market conditions and broader token economics.

For now, Aventus has stated that it will continue to explore ways to improve the token’s value stability and accessibility. The future of AVT remains uncertain, but the company remains committed to finding innovative solutions to challenges in the blockchain industry.

In conclusion, Aventus’ decision to postpone the token split highlights the challenges that companies face when trying to create stability and accessibility for their tokens. Though the company will continue to work on improving the value of AVT, the future of the token remains uncertain. Nonetheless, Aventus’ dedication to innovation and adaptability in the face of market changes is a positive sign for the blockchain industry.

This article and pictures are from the Internet and do not represent qiAiAi's position. If you infringe, please contact us to delete:https://www.qiaiai.com/metaverse/2563.html

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Like (0)
Previous 02/22/2023 15:11
Next 02/22/2023 15:22

Related recommendations