Analysis of Aventus – Open Standard for Exchange of Tickets - Crush Crypto

Analysis of Aventus – Open Standard for Exchange of Tickets

Summary

  • Project Name: Aventus
  • Token ticker: AVT
  • Websitehttps://aventus.io/
  • Whitepaper: https://aventus.io/doc/whitepaper.pdf
  • Hard cap: 60,000 ETH (ICO contributors own 60% of total token supply if hard cap is reached)
  • Soft Cap: 24,000 ETH
  • Conversion rate: 1 ETH = 92 AVT
  • Maximum market cap at ICO: US$30 million assuming current ETH price of $300
  • Bonus structure: None
  • ERC20 token: Yes
  • Timeline: September 6 to 13 (please refer to Aventus' website for most up-to-date information)
  • Token distribution date: 1-2 weeks after the crowdsale ends

Project Overview

What does the project do?

Aventus is a global open standard for the exchange of tickets. Its blockchain-based platform 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.

The Aventus platform works in the backend, so ticketing DApps can be built over Aventus.

How advanced is the project?

Aventus is a new project with nothing released yet. In the roadmap timeline shown on its website, it was supposed to have an Alpha release in June 2017. However, it is delayed but it should be released before the crowdsale begins.

Public beta is scheduled to release in Q4 2017 and production launch is scheduled to release in Q2 2018.

Aventus has a partnership with Blue Horizon Entertainment, a US-based venue management and live music festival producer, enabling Blue Horizon to deploy the Aventus ticketing solution throughout its network of venues and clients in North America.

What are the tokens used for and how can token holders make money?

There are primarily 4 use cases for AVT:

  • Event hosting: event organizers must purchase AVT to pay the event-creation price.
  • Ticket sales: tickets to an event on the Aventus Protocol must be purchased in ETH, AVT or other cryptocurrencies, the volatility of which would be mitigated as prices will be denominated in fiat currency.
  • Community stake: events can be reported as being suspected of being fictitious or fraudulent.
  • Matching: Tickets sold on the Aventus Protocol in the secondary market must be matched with buyers who have previously registered a firm intent in their purchase at their listed prices. To list a ticket for resale, a user will also have to be able to pay the secondary market sale fee in AVT.

As AVT is needed to perform different actions within the Aventus platform, AVT’s value depends on adoption of the Aventus platform. The more usage the platform has, the more valuable AVT should become.

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Team

Aventus has a team of 6 and the team is young – the two directors and the head of sales are all only one year out of college.

However, it has an experienced team of advisors, including the following:

  • Prof. Will Knottenbelt – Director of the Cryptocurrency Research and Engineering Centre, Imperial College.
  • Prof. Mike Waterson – Expert in U.K. secondary ticketing after publishing a report for the government's BIS and DCMS.
  • Danny Masters – Chairman of the investment manager for the first fully regulated crypto fund and other group initiatives in technology ventures.

Opportunities

  • Online ticketing, relating both to the sales practice and fraudulent problem, is a big problem that can be effectively solved by decentralized solutions, so the potential for the project is large.
  • The team has some experienced advisors to balance out the relatively inexperienced team.
  • There is a network effect present – the more users Aventus has, the more valuable the tokens are.

Concerns

  • The project is just an idea right now – nothing is released yet.
  • The team is young and lacks relevant experience.
  • The roadmap is vague and doesn’t provide too much information as to the team’s competence.
  • A big part of Aventus’ idea is to solve the touting and black market problem. However, there have been lots of attempts for current players to address the issue and in vain.
    • For example, Ticketmaster attempted to address the resale problem around 2010 but it had to scrap the idea within a year. The restriction to transfer tickets caused legal challenges, especially in the US where the laws in every state is different.
  • Blocktix, another ICO project aiming to solve the same problem (minus the anti-scalping idea), seems like a close competitor to Aventus. Blocktix issued the whitepaper last year and presented their idea at the European Ethereum Development Conference in February 2017.
  • Other than Blocktix, there are various competitors utilizing blockchain technology already – HelloSugoi, Ticketchain, esPass, Guts, and Lava.

Conclusion

Overall, I am neutral about this ICO for its short-term potential and negative for its long-term potential. There are simply too many competitors in this space. Combined with the inexperienced team, I am just not sure if Aventus can come out as the winner.

Our thoughts of the tokens for short term and long term are as follows:

For short-term holding

Neutral because another close competitor, Blocktix, held an ICO back in July and the performance has been poor. Not sure if the market is excited about another blockchain ticketing project.

For long-term holding

Not good either because I’m just not sure if the anti-scalping business model works.


For more information about the ICO, please visit the following links:

Website: https://aventus.io/

Whitepaper: https://aventus.io/doc/whitepaper.pdf

Aventus blog: https://medium.com/aventus

Subreddit: https://www.reddit.com/r/Aventus/

BitcoinTalk thread: https://bitcointalk.org/index.php?topic=1979867.0;all

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