Avian (AVN) is a utility token designed to fuel the Avian network and its core element, the asset management platform. Launched on September 1, 2021, the project is developed on the basis of proof-of-work blockchain and is supported by users’ donations.
The members of the team don’t have any share in the project so they have the same rights as common members of the community. However, their work is paid as they get salaries from donations. Those who want to earn on the Avian platform are involved in mining and get tokens for the job they perform.
The main aim set by the developers of the platform is the creation of an efficient facility to alleviate cryptocurrency transactions for common, non-professional users. The developers consider that even non-savvy users should be able to use the technical potential of the blockchain. Therefore, they have created the platform in such a way that any user can carry out tasks that can’t be fulfilled on other blockchains without the advanced knowledge of code.
On its website, Avian names itself a peer-to-peer electronic system for the creation and transfer of assets. The network has been created with efficiency and interoperability in mind. Developers pay much attention to automation, usability, and low fees for improved asset management. They are also focused on such aspects as simplicity, security, asset minting, and affordability of operations.
As stated above, the network is fueled by AVN, a mineable utility token relying on the proof-of-work algorithm. Developers have managed to reach their goals and released a really simple platform where users are able to tokenize assets even if they are technically non-savvy. The factor of convenient UI also plays a huge role in the popularity of the blockchain.
The automation of assets is performed via Avian Flight Plans (AFP), the key product that has been designed to facilitate the creation of dApps. According to the whitepaper of the project, AFP should give developers a chance to build in automation and add utility to the network. The product is distributed for free while the fee is charged only for transactions and asset minting.
Since Avian is a community-driven platform with plans to run as DAO in the future, the team is working over the governance functionality. With its introduction, the members of the ecosystem will decide on the updates and DAO proposals, for instance, the distribution of tokens for its holders, the system of discounts, etc.
Since the only way for the team members to earn is to mine AVN coins, the scheme guarantees that only highly-motivated members of the community work on the platform. The use of native AVN tokens helps to achieve consistency and balance in the X16RT GPU & MinotaurX CPU algorithms enabling users to take part in the production of blocks. Besides, the algorithms help to preserve censorship resistance and deliver higher control to common users allowing them to issue and manage digital assets.
Asset tokenization is one of the core aspects that the platform focuses on. On Avian, users can easily launch businesses, crowdfunds, and communities fueled by digital tokens. As the whitepaper states, these tokens can be minted in less than an hour at an affordable price that is more accessible than the most L1 blockchains on the market.
The affordability of the whole process is one of the main aspects that the platform strives to achieve. For example, on Avian, it is possible to pay only 40 USD to make a token collection that includes 10,000 tokens, while other popular blockchains charge higher fees for the service of this kind. The whitepaper also states that the fee that Avian charges is 1000% cheaper in comparison with other leading blockchains.
Also, with the help of tokenized assets, their creators can modify the key parameters of how the ecosystem as a whole is being used. For example, the members of the system can change the functionality, utility, governance, and distribution of tokens. According to Avian’s concept, the platform is envisioned as a backbone that carries out the whole procedure of tokenization no matter what the asset is. It can refer to a business, image, or project.
Though the platform operates with only one type of token and offers only one network, it embraces numerous assets and NFTs that pursue different goals. Also, at the time of writing, the team is looking for the technical solution that enables members of the community to launch their groups, campaigns, events, and even organizations or businesses within the ecosystem.
The AVN token that fuels the ecosystem is mined with the use of a dual algorithm employing either CPUs or GPUs. It can only be stored on a wallet that was designed by the developers of the platform specifically for this purpose. The product was created to facilitate the process of minting.
AVN tokens have huge potential thanks to the high speed of transactions. Also, with the fixed minting structure, users always know what fee to expect. The platform employs the burning scheme for deflation of the tokens.
Unlike numerous projects utilizing the ERC-20 standard, the team has developed its own solution that helps to eliminate scalability problems inherent to Ethereum. There has been no premine. With rewards per block making up 2,500 AVN, new blocks are created every 30 seconds.
In contrast to other blockchain-based projects, the Avian platform launched only a single token so as not to make the system too complicated for users. The members of the team consider it a good decision to attain a higher level of simplicity and usability. It is possible to trade AVN on such platforms as Tradeogre, Exbitron, eToroX.
The core team includes around 20 people from different countries of the world. All the processes are conducted by dedicated members of the community. The developers prefer to stay anonymous as there is no information about who they really are and what is their expertise.