AVNRich is announcing an upcoming presale which will start on November 1st, 2021. While preparing for the presale, AVNRich also announces the release of its audit report and KYC review by Solidproof.
AVNRich is a Defi network launched in 2019 to provide its investors with e-commerce shopping opportunities and other rewarding opportunities. This network recently decided to relaunch and leverage blockchain in delivering its services. It combines the power of PayPal, blockchain, and crypto to provide shopping and e-commerce services reliably.
Based in India, this network creates a marketplace where hundreds of vendors can sell thousands of products. The network plans to provide many rewarding opportunities for the average investor. They will offer staking, farming, referral programs, and other options to create passive incomes.
Details of the Presale
This Defi network is announcing a presale event that will be occurring from November 1st. The mission is to sell its AVNRich token and gain community support. According to their whitepaper, the AVNRich network has a total supply of 270 million minted tokens.
Out of the 270 million tokens, about 30% will be spent in this upcoming Presale. The presale details are as follows;
- Token symbol-AVN
- Number- 81 million tokens. No lockup
- Contract Address: 0xbf151f63d8d1287db5fc7a3bc104a9c38124cdeb
- Liquidity in exchanges: 21%(56.7 million tokens) No lock up
AVNRich apportions the rest of the tokens properly for the sustainability of this platform. Here’s how;
- 15% for foundation
- 10% product and marketing
- 10% ecosystem and partnerships
- 10% team, 2% for shop rewards
- 1% for advisors
- 0.94% for charities
- 0.06% for Swaps.
Of course, the AVN token will be the flagship token of this ecosystem. It helps in powering the services of this network. One of its primary use cases will be staking and rewards farming. Accordingly, the staking and farming will be auto-minted as time goes.
Announcing KYC and Contract Audit
As they prepare to go for the presale, this network is also announcing their audit and KYC reviews already done. Techrate smart contract auditors were the first to audit the project’s smart contracts. TechRate did not find any severe issues on the network.
Later, Solidproof blockchain auditors checked the smart contracts of the AVNRich network. They released their smart audit report, which did not show any severe problems in the code.
Furthermore, to ensure the network does not have money laundering connections, Solidproof conducted a KYC scan of the team. Solidproof reviewed the project and the team. They concluded that this network does not run any money fraud issues.
Taking audits from two networks shows how committed AVNRich is to growth. Their transparency with the audit and KYC reports also shows the team’s commitment to its success.
Based on Binance Smart Chain
Another exciting thing about this network is its choice of smart chain host. Of course, there are multiple smart contract blockchains today, including Ethereum, BSC, and Cardano. Ethereum, which has been the largest, has been seeing an increase in the number of issues. Speed, scalability, and gas charges are among the problems.
However, being a shopping and E-commerce network, AVNRich had to look for a network that could offer the best fees and better speed and scale. Hence, AVNRich bases its services in the Binance smart chain by use of the AVN BEP-20 token.
A Developing Network
AVNRich is an Indian-based DeFi network that aims to bridge payment platforms with businesses via blockchain. It came into the financial scene in 2019 to enable merchants to sell their products in an extensive marketplace. For more information on the AVNRich, follow the platform’s social pages below.
AVNRich introduction: https://youtu.be/uCkEELi6s2I