Introducing AVNRich: The Multi-Vendor Online Shopping Marketplace Based on BSC
AVNRich is a DeFi based platform that leverages the Binance Smart Chain blockchain, that aims to help merchants sell their products and collect payments seamlessly. The startup, developed in 2019, connects markets to payment platforms like PayPal via blockchain technology.
The Indian-based startup introduced an online shopping center bringing buyers and sellers on one application. It combines blockchain tech, token, and market to ensure users gain rewards as they shop. Within the platform lies its token, dubbed $AVN, that investors can use to make purchases or stake to earn profits. Let's dive into more about the features of AVNRich:
AVNRich Token
The AVNRich network has a native token dubbed AVNRich, which handles the network's services. Based on BSC, this BEP-20 token is a payment currency for persons purchasing within the network. In addition, you can stake and farm these tokens in the Dapp and earn rewards.
According to the platform's whitepaper, AVNRich has a total supply of 270 million minted tokens. The allocation of the tokens will help ensure the network remains sustainable in the long term.
AVNRich Finance
As it steps into the crypto space, AVNRich is introducing a decentralized application for investors. This Dapp leverages the BSC and Pancakeswap to provide services. It combines yield farming, staking, and IFO services.
Yield farming provides assets to a lending pool. Borrowers pay back the loans with interest, and lender shares in a part of the interest. Staking is holding crypto as you release more tokens through POS consensus.
The IFO network aims at helping upcoming projects launch quickly. The project will host presales on this launchpad hence contributing to the growth of Defi. You can use the Dapp by linking to metamask, Trustwallet, or the upcoming AVNRich wallet. By providing staking and yield farming options, the network encourages investors to Hodl. The presale will take place via Unicrypt.
The Shopping Marketplace
As mentioned above, the most flagship product of the AVNRich network is the shopping tool. The online mall allows users from different countries to buy goods. It has features and functionalities that aim to attract buyers and sellers. Among the features include;
- Multi-vendor. The AVNRich shop will support hundreds of vendors who sell thousands of products.
- Multi-lingual
- Multi-currency. The network supports digital tokens and other currencies.
- Several payment and crypto options. Apart from $AVN, the network accepts Paypal, Debit/credit cards and cryptocurrencies, Mobile banking, and cash on delivery.
- Cash on Delivery. The cash on delivery option is one lacking in many online shops. That's a problem for buyers, especially with the increasing online scams. Adding the cash on delivery option will boost buyer trust levels.
- The network has free shipping options in countries like the Philippines and Bangladesh, as long as you purchase more than $200 worth of products.
- Real-time tracking of orders.
- AVNRich mall. This section allows users to set up favorite brands to make their searches easy.
- AVNRich collection. This is the network's brand which will involve different products in different colors and sizes. The collection will help in marketing.
- 24/7 chat and call support. The support team in this marketplace will be available 24/7 to help buyers, sellers, and investors with their needs.
AVNRich Wallet
The network is also planning to introduce a wallet to help in crypto endeavors. The idea is to ensure all its users and others in the general crypto market can have a safe wallet for their services.
This wallet helps track the real-time prices and value of your assets. It will offer live charts and even trading options. To protect the users completely, the AVN wallet makes it compulsory to follow KYC verification. The idea is to prove that the users and traders are genuine people. Finally, the AVN wallet installs 2FA verification systems per transaction to help avoid fraud.
Security of Funds
The AVNRich ecosystem intends to be a highly secure Defi network of our time. For that reason, they had two blockchain auditors check their smart contracts. The first auditor was Techrate, who, after thorough checks, discovered no severe issues. Afterwards, Solidproof conducted an audit and found minimal issues with the smart contracts.
Solidproof also conducted a KYC scan on this project and all its team members. The main purpose of KYC scanning is to look into the transactions of the persons involved with the project. If one of the team members has money laundering cases, that will harm the entire platform. Hence, Solidproof conducted the scan on AVNRich to ensure they don't run into money laundering risks.
Partnerships and Developments
Of course, for a Defi project to increase its chances of success, it should look forward to making fruitful partnerships. AVNRich's main partnership is currently with Nuls.io. Nuls.io is a project focused on blockchain development and innovations.
Rewards and Bonuses
The network has rewarding options for investors and general platform users. AVNRich sets apart around 5.4 million tokens(2% of token supply) for shop rewards. Here are the rewards;
- For every purchase, buyers will get a 25 AVN bonus.
- For referrals, the buyers and investors will get 10 AVN.
- For leaving a review, you will get a 2 AVN bonus.
- For rating, you receive a 2AVN bonus.
Final Word
This writeup has been looking into the AVNRich network and the services it provides to investors. It's a marketplace that connects thousands of sellers to millions of buyers globally.
The platform introduces a native token $AVN which brings earning options for users. It comes with a Dapp, which launches yield farming, staking, and IFO services. Later the AVNRich will launch a wallet in a bid to help protect investors' funds. Among other features include security, partnerships, and rewards.
For more information about AVNRich, visit their social networks like Telegram, Twitter, Facebook, Medium, LinkedIn, Github, and Instagram.
