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AVNRich is an online shopping platform built on Binance Smart Chain seeking to merge digital commerce with cryptocurrency. The project’s native token, AVN, will be available to buy at a pre-sale event on November 1st.
Blockchain and cryptocurrencies are evolving at an increasing rate making their way into our everyday lives. One of their benefits is making online shopping faster, safer, and more rewarding. In this regard, one platform aims to become an industry leader by incentivizing traditional eCommerce customers with modern crypto bounties.
AVNRich is in its early days following a recent re-launching on BSC. In this short review, we look closer at its features, goals, and roadmap objectives.
What is AVNRich?
AVNRich is an innovative e-commerce platform that combines online shopping with crypto staking and farming. Through this ultra-modern practice, the company aims to reward its users with crypto, IFO benefits, and more.
The platform launched in 2019 on Ethereum, where it also built its then ERC-20 token, AVN. However, due to the increasing gas prices on that blockchain, the project migrated to Binance Smart Chain two years later. Now, the token has the BEP-20 standard.
Its storefront is the AVNRich Shop, the first one-stop online shopping platform offering various products and services. Anyone using this multi-vendor marketplace has access to AVN token rewards and other incentives, such as gifts and cashback options.
Following the re-launch on BSC, AVNRich is looking to implement new strategic partnerships. Also, it will soon present a new website look together with intense marketing and promotion.
Furthermore, the platform will offer yield farming and staking services through its DApp, AVNRich Finance. Lastly, a pre-sale event with swap ratio details for its BEP-20 token, AVN, will be available soon.
So far, AVNRich has struck crucial partnerships with NULS, a blockchain development solution, and BitForex.
AVNRich is an Indian technology company from Kolkata that focuses on uniting e-commerce and cryptocurrencies on one platform. In this regard, it develops a broad range of features combining the benefits of both technologies. Here are some of its current and future services, according to the AVNRich whitepaper!
AVN Multi-Vendor Marketplace
This feature is the company’s top feature allowing users to buy and sell goods over the internet. Thanks to its blockchain-based nature, AVNRich provides transparency and high-security protocols to everyone using its services. After all, this goes hand in hand with the platform’s goal to merge digital commerce with cryptocurrency.
On the multi-vendor marketplace, customers can buy goods and services using fiat currencies like USD. Alternatively, they can use the platform’s native token, AVN, or other cryptocurrencies, such as Bitcoin, Ethereum, BNB, and USDT.
Initial Farming Offers (IFO)
AVNRich allows other project owners to raise funds on the AVN platform via Initial Farming Offers (IFOs).
Those who want to apply for this service have to follow these three simple steps:
- Before Sale
Buy AVN and BNB tokens
Get AVN-BNB LP tokens by adding AVN and BNB liquidity.
- During Sale
While the sale is live, commit their AVN-LP tokens to buy the IFO tokens.
Claim the tokens you purchased, along with any unspent funds.
This service enables developers to use Binance Smart Chain’s most-used AMM project and liquidity provider. This way, they can bring their tokens directly to the most active and rapidly growing community on BSC.
This feature is a DeFi fork of PancakeSwap that AVNRich built on the BSC for yield farming, staking, and IFO. Anyone can use it to lend their crypto assets and earn interest on them. This way, they can make a substantial passive income instead of sitting on their crypto holdings.
This feature is the platform’s proprietary digital wallet, where users can store their AVN tokens and other crypto assets. Among its unique traits will be a real-time tracking of asset prices, live charts, and trading statistics.
Furthermore, it will require KYC information to help verify and identify users more accurately. Lastly, it will come with two-factor authentication (2FA) feature. This way, it will reduce the risk of fraudulent transactions to a minimum.
The developers created the AVNRich (AVN) token to work for both rewards on the multi-vendor marketplace and to reward its users. It is a BEP-20 token that provides easy access to digital goods and services in the digital world.
The total AVN supply is 270 million units, and its contract address is available at:
Here are some of the AVN allocation details:
- Total Supply 270,000,000 AVN
- Pre-sale : 30% No lock-up
- Liquidity : 21% No lock-up
- Foundation : 15%
- Product & Marketing : 10%
- Partnership & ecosystem : 10%
- Team : 10% Annual
- Staking & Farming rewards : Auto mint
- Shop rewards : 2%
- Advisor’s : 1%
- Charity : 0.94%
- Swap : 0.06%
The AVN pre-sale event will take place on November 1st on Unicrypt.
How Safe Is AVNRich?
AVNRich aims to provide optimal security features for its users. In this regard, it has applied for and obtained necessary safety certificates, such as:
AVNRich has an ambitious roadmap with the final goal of becoming one of the world’s leading online shopping platforms. And to do so, it will seek to merge e-commerce with new technologies, such as blockchain and cryptocurrencies.
The upcoming AVN token pre-sale event should propel the project towards its objectives. And only time will tell if the project will reach them. AVNRich and its development team are available on Telegram, Twitter, Facebook, LinkedIn, and Github, among others.
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