Convert AVNT to CHF

Avantis (AVNT) is the native utility token of the Avantis protocol, a leading perpetual futures trading platform built on the Base Layer 2 network.

Key takeaways

• Avantis (AVNT) is the native token of a perpetual futures DEX operating on the Base Layer 2 blockchain.
• The protocol employs a unique "vAMM" model for deep liquidity and low slippage, independent of external liquidity providers.
• A key feature is its revenue-sharing model, where 30% of daily trading fees are used to buy back and burn AVNT tokens from the open market.
• AVNT is used for governance, fee discounts, and as collateral within the Avantis ecosystem.
• The token is integral to the protocol's deflationary mechanics and community-driven development.

What is Avantis? Key Specifications & Tokenomics

Avantis is a decentralized perpetual futures exchange that leverages the scalability of the Base Layer 2 to offer fast, low-cost trading with deep liquidity.

Who created Avantis (AVNT)?

Avantis was developed by a team focused on advancing decentralized derivatives trading. While the core founding team maintains a lower public profile, common in the DeFi space, the project's development and strategic direction are transparently managed through its decentralized autonomous organization (DAO). The team's expertise is evident in the protocol's sophisticated virtual Automated Market Maker (vAMM) design and its seamless integration with the Base ecosystem. The project emphasizes community governance, with key decisions regarding protocol upgrades, fee parameters, and treasury management being put to a vote by AVNT token holders, ensuring the platform evolves in alignment with its user base.

How does Avantis (AVNT) work?

The Avantis protocol operates using a virtual Automated Market Maker (vAMM) model, which is central to its functionality. Unlike traditional AMMs that require locked liquidity, the vAMM simulates a liquidity pool using a pricing formula. This allows traders to open leveraged long or short positions on various crypto assets with minimal slippage and deep liquidity, sourced from the protocol itself. All trades are settled in USDC, and positions are maintained through a system of collateral and mark prices to ensure solvency. The protocol runs on the Base Layer 2, which batches transactions off-chain before settling them on Ethereum. This architecture provides users with the security of Ethereum while benefiting from significantly lower transaction fees and faster execution times compared to operating directly on the mainnet.

What makes Avantis (AVNT) unique and valuable?

Avantis distinguishes itself in the crowded DeFi derivatives space through several key mechanisms:

• vAMM for Superior Liquidity: Its virtual AMM model provides consistently deep liquidity and tight spreads without reliance on external LPs, solving a major pain point for traders on other DEXs.
• Base Layer 2 Integration: Built on Base, it offers an optimal user experience with near-instant trade execution and gas fees that are a fraction of Ethereum mainnet costs, making frequent trading viable.
• Deflationary Tokenomics with Real Yield: The protocol's commitment to using 30% of its daily trading fee revenue to buy back and burn AVNT tokens creates a direct, deflationary link between platform usage and token value. This "buyback-and-burn" mechanism is a tangible form of value accrual for token holders.
• Comprehensive Utility: AVNT is not just a governance token; it provides tangible benefits like trading fee discounts and can be used as collateral, embedding it deeply into the protocol's economic fabric.

What is Avantis (AVNT) used for?

The AVNT token is designed with multiple utilities that drive engagement and value within the Avantis ecosystem:

• Governance: AVNT holders can propose and vote on crucial protocol decisions, such as adjusting fee structures, adding new trading pairs, or modifying the parameters of the buyback-and-burn mechanism.
• Fee Discounts: Users who stake AVNT can receive a discount on their trading fees, incentivizing long-term holding and participation.
• Collateral: AVNT can be deposited as collateral to open leveraged positions on the platform, increasing its utility beyond mere speculation.
• Value Accrual: Through the daily fee revenue buyback-and-burn program, holding AVNT represents a stake in the protocol's growing revenue stream, as the token supply decreases with increased trading activity.

How Is the Avantis (AVNT) Ecosystem Developing?

The Avantis ecosystem is actively evolving, centred on its perpetual futures platform. Development is community-led through its DAO, focusing on:

• Product Expansion: Continuously adding new trading pairs and assets to meet trader demand.
• Enhanced Features: Developing advanced trading tools, improved risk management systems, and potentially cross-margin capabilities.
• Integration and Partnerships: Strengthening its position within the broader Base and Ethereum DeFi ecosystem through collaborations and composability with other protocols (e.g., lending platforms, yield aggregators).
• Sustainable Growth: The deflationary buyback mechanism aligns long-term token holder interests with the protocol's commercial success, fostering a sustainable growth model.

How to mine Avantis (AVNT)?

AVNT is not a mineable token. It is a utility and governance token that was initially distributed through methods typical for DeFi projects, such as a token generation event (TGE), liquidity mining programs, and ecosystem incentives. The current and primary method for users to acquire AVNT is through secondary market purchases on supported centralized and decentralized exchanges. The protocol's deflationary mechanism (buyback-and-burn) actively reduces the circulating supply over time instead of issuing new tokens through mining.

How to keep your AVNT Coin safe?

Securing your AVNT tokens is paramount. Here are the best practises for Canadian users:

• Use a Hardware Wallet: For long-term storage of significant amounts, transfer your AVNT to a reputable hardware wallet like Ledger or Trezor. These devices keep your private keys offline, providing the highest security against online threats.
• Secure Software Wallets: For more active use within the DeFi ecosystem on Base, consider a well-audited, non-custodial software wallet like MetaMask or Coinbase Wallet. Always ensure you are downloading the official application.
• Practise Key Security: Never share your seed phrase or private keys with anyone. Store them physically in multiple secure locations.
• Verify Transactions: Always double-check contract addresses and network settings (ensure you are on the Base network) before approving any transaction.
• Beware of Phishing: Be cautious of unsolicited messages or websites impersonating Avantis or your wallet provider.

How to buy AVNT Coin?

AVNT is a cryptocurrency listed on several exchanges. However, it is recommended to trade on a major platform like BTCC for higher liquidity and better customer support.

1. Register a BTCC Account: Sign up using your email or mobile number and complete the KYC verification to unlock more features and benefits of the platform.
2. Deposit Funds: Deposit fiat currency (via bank transfer, card, or third-party payment) or transfer USDT from an external wallet into your BTCC account. You can follow this guide.
3. Start Trading: Go to the trading page and search for the spot trading pair AVNT/USDT or the perpetual contract AVNT/USDT.
4. Place an Order: Enter the amount of AVNT you wish to purchase and submit the order. For contract trading, you can also choose to go short (sell) and adjust the leverage multiplier according to your strategy and risk tolerance.
5. Confirm Your Purchase: For spot purchases, check your personal account to see if the coins have arrived. For contract trades, check the trading page to see if your order was filled successfully.