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Hello everyone! Today, we are pleased to present the Aventus Protocol DApp Ideas Competition, where members of the public are invited to come up with and present detailed ideas for DApps powered by the Aventus protocol.
This blog post will explain the details, but for the full spec (and how-to guide), a proposal example, and the current submissions, see the Github repository (https://github.com/AventusSystems/aventus-dapp-proposals).

Interested potential participants can refer to this blog post (https://blog.aventus.io/a-closer-look-at-the-aventus-ecosystem-fd843786ddc9) for an overview of key parts of the Aventus ecosystem, and different questions and processes a layer above the protocol that can be addressed by DApps to provide a better service to event organisers, promoters, ticket buyers, and other industry participants. Hopefully, this will serve as inspiration for some excellent ideas!

Below, we will outline the competition structure. If you have any questions on anything discussed in this article or in the full Github competition specification (https://github.com/AventusSystems/aventus-dapp-proposals), please join the #dapp-competition channel on our Slack.

https://i.imgur.com/R3n0hjg.png

The competition will run from 21 August to 3 September, and the top 3 proposals will be selected by the 5 September.

Throughout the time period, candidates will be able to submit detailed proposals for their DApp ideas as issues in the AventusSystems/aventus-dapp-proposals  (https://github.com/AventusSystems/aventus-dapp-proposals) repository.

An Aventus team member will review every submitted proposal and approve/reject it based on its adherence to the Aventus DApp Proposal Standard (https://github.com/AventusSystems/aventus-dapp-proposals#aventus-dapp-proposal-standard).

Once it is approved, the proposal will be added to the Aventus DApp Proposal Competition Voting Form (https://docs.google.com/forms/d/1DVdtzHpfoCoem6iRSz67Br3Cews1kTC5dnhzLbJlEx8), where individuals can vote on their choice for the top 3 DApp ideas. The vote outcomes can be found if you click view past responses in the form. Note: for an approved proposal submission, you will receive a reward of ~$30 in AVT (at the initial valuation).

On 3 September, the 6 proposals with the highest number of votes will be selected and put through to the competition’s  judging panel (https://github.com/AventusSystems/aventus-dapp-proposals#meet-the-judges) (see below). The judges will then select the winner (AVT prize of ~$10,000 at initial valuation), the runner-up (AVT prize of ~$4,000 at initial valuation), and third place (AVT prize of ~$1,000 at initial valuation).


https://i.imgur.com/YGulQ8l.png

• First place: 4000 AVT ($10,000*)
• Second place:  1600 AVT ($4,000*)
• Third place: 400 AVT ($1,000*)

For submitting a proposal that is then approved: 12 AVT ($30*)

*All rewards calculated at initial AVT valuation at token sale.

https://i.imgur.com/r5gPeyP.png


Professor William Knottenbelt: Director of the Centre for Cryptocurrency Research and Engineering, Imperial College London. Also Director of Industrial Liason for the department of computing, and professor of applied quantitative analysis at the college.

Professor Mike Waterson: UK’s leading expert in secondary ticketing after publishing a report for the government’s BIS and DCMS on the secondary ticketing market. Professor of economics at Warwick University.

Daniel Masters: Director of Global Advisors, one of the first regulated bitcoin/blockchain investment vehicles of its kind. Also director of XBT Provider, the world’s first bitcoin tracker to be traded on an exchange (NASDAQ Nordic).

Fran Strajnar: Co-founder and CEO of Brave New Coin. Has helped gather fund contributions for hundreds of token sales over the last 2 years and has established Brave New Coin as a frontrunner in digital currency and blockchain data analytics, news, offering underwriting.

Steve Machin: Pioneer of the live entertainment & ticketing sectors holding a number of senior roles including ones at Ticketmaster Europe & Live Nation. Currently CEO of Accent Media Limited, owner of the .tickets domain, with a vision to create an authentic and trusted domain-space for online ticketing.

Andy Grant: Current head of product for Aventus. Former CTO and COO of Ticketlogic, a ticketing company in over 6 countries turning over more than £6m per annum, and founder of Glue Works. Has experience building and designing ticketing infrastructure for over a decade.

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Again, for full details of the competition and how to participate, please visit the Github repository (https://github.com/AventusSystems/aventus-dapp-proposals). To stay up to date with Aventus news and discussion please join our  mailing list (https://aventus.io/), join us on Slack (https://slack.aventus.io/), or follow us on Twitter (https://twitter.com/aventussystems).[/list]

Only 2 participants for now :( Don't miss your chance to win a really good prize in this contest!

Hi all! We've got a couple of ideas for you to look into and make your own!

- A touring optimisation app, so artists and their managers can use past data to plan when they should hit which cities and which venues on their tours.
- An app for promoters to find influencers or forums to sell their tickets. Like a marketplace, except maybe optimising which influencers/forums to show which promoters/events (e.g. if a promoter has tickets to sell to a Star Wars events, connect them with Youtubers that always speak about Star Wars or forums that always speak about Star Wars).
- A website for ticket buyers to check the authenticity of their tickets, directly to the blockchain! You can let them scan their QR codes and input their addresses, and show them what it says on the blockchain as the current owner of the ticket.
- A ticket resale market, like decentralised Stubhub!
- An event listing app that lists the best events for a person based on their social media profile and where they live; like a decentralised YPlan.

don't forget to also vote for your favourite DApp in the competition at https://docs.google.com/forms/d/1DVdtzHpfoCoem6iRSz67Br3Cews1kTC5dnhzLbJlEx8 (https://docs.google.com/forms/d/1DVdtzHpfoCoem6iRSz67Br3Cews1kTC5dnhzLbJlEx8)

If only I had more free time...  :(
I hope there will be some interesting ideas!

One more DApp proposal submitted. Please keep them coming  ;)

Check out the latest entries into the DApp competition here https://github.com/AventusSystems/aventus-dapp-proposals/issues (https://github.com/AventusSystems/aventus-dapp-proposals/issues)

Don't forget you will get a guaranteed reward in AVT worth $30 for a valid submission. I think it's absolutely worth participating!

https://i.imgur.com/3FwyhU0.png


21/05/2018 EdenChain Crowdsale Structure (https://edenchain.io/edenchain-crowdsale-structure/)
19/05/2018 Partnership Highlights: EdenChain and ROA Invention Lab (https://edenchain.io/edenchain-and-roa-invention-lab/)
03/05/2018 EdenChain Meet-up In New York with NEM and Quarkchain (https://edenchain.io/edenchain-meet-up-in-new-york-with-nem-and-quarkchain/)
03/05/2018 Benn Godenzi joins Edenchain as an Advisor (https://edenchainio.wordpress.com/2018/05/03/benn-godenzi-joins-edenchain-as-a-new-advisor/)
03/05/2018 Learn About Edenchain from the Singapore Meet-up! (https://edenchainio.wordpress.com/2018/05/03/learn-about-edenchain-from-the-singapore-meet-up/)
30/04/2018 Demo of E-Explorer MVP: the first among many products (https://edenchainio.wordpress.com/2018/04/30/demo-of-e-explorer-mvp-the-first-among-many-products/)
26/04/2018 EdenChain, Vietnam Technical Meetup (https://edenchainio.wordpress.com/2018/04/26/edenchain-vietnam-technical-meetup/)
24/04/2018 EdenChain James Ahn, Blockchain Development Story at a Conference (https://edenchainio.wordpress.com/2018/04/24/edenchain-james-ahn-blockchain-development-story-at-a-conference/)
23/04/2018 EdenChain Whitelist Round B Closed (https://edenchainio.wordpress.com/2018/04/23/edenchain-whitelist-round-b-closed/)



https://i.imgur.com/vQu1IDj.png

General questions

Where is EdenChain incorporated?

EdenChain Partners is incorporated in the BVI. Our registered office is Intershore Chambers, Road Town, Tortola, British Virgin Islands We also have an office registered in Singapore at The Arcade Building, 11 Collyer Quay, Singapore 049317.We are incorporated overseas because we have decided this will help reduce our exposure and risk to the potential of government regulations affecting the future of EdenChain’s development.

Where is EdenChain based?

The team is based in Seoul, South Korea. The office is in Gangnam.

What is EdenChain’s vision?

In one sentence, EdenChain is a blockchain-based platform that allows all the values to be capitalized and traded. The platform works on what is called a Programmable Economy Platform technology, and can capitalize and trade all kinds of assets.
We envision a world where you are able to employ the blockchain smart contracts to capitalize any and every tangible and intangible asset into tokens and trade freely without the interference of any middleman.
EdenChain believes that with the application of Programmable Economy, transaction costs can be lowered, profits shared among the community members, and a new market through the capitalization of foreign and domestic goods can be created.

What exactly can EdenChain do?

EdenChain is looking to be the global platform for a programmable economy. We seek to build a highly secured inter-operable, high performance blockchain with low processing fees. EdenChain can be used in a wide range of applications and industries; to provide an ICO Platform for start-ups to launch their own ICOs across all sectors such as IoT, B2B, services, P2P Finance, shared economy and etc. EdenChain supports Solidity, currently the most popular smart contract language. As smart contracts are heavily used for sensitive services such as payment and settlement, stable and reliable smart contract programming languages are more important than programming languages that are easily written by developers.

What is EdenChain trying to solve?

The successful implementation of Programmable Economy platform brings with itself two major problems—performance and non-secured connectivity. EdenChain focuses on solving these technical issues by employing software and hardware that can elevate the performance of the entire network and protect the blockchain against external hackers. Since EdenChain has the ability of monetizing all kinds of assets and executing secure, cost-efficient, and faster transactions, it can be adopted across various industries, such as IoT, Finance, Shared Economy, Games, ICO and etc.

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Technology questions

How scalable is EdenChain?

EdenChain can execute a large number of transactions quickly. The Namespace technology employed by the platform separates unrelated transactions from each other, thereby allowing the processing of multiple transactions in parallel. We have no data consistency problem so adding more computing resources to system will increase performance in linear manner.

How fast is EdenChain?

In theory, EdenChain can handle an infinite number of tps because there is no limit to number of namespaces and transactions in each namespace can be ran in parallel. Each namespace runs 1,000 tps. In this sense, with more computing resources available for use to deploy the namespaces, the total tps of EdenChain will scale linearly. We will need to conduct further tests to determine the exact number of tps.

How secured is EdenChain?

EdenChain employs the E-bridge layer to retrieve data from numerous data sources, encrypts this data and makes use of the median voter theorem (MVT) to protect this data from being compromised.

When will the MVP be out?

EdenChain Alpha version will be out in late April.

When will we be able to look at Github?

Our Github will be out in late April.

Will there be Masternodes?

Yes, there will be Masternodes. More details about Masternodes will be announced as the team develops EdenChain.

Can DApps be built on EdenChain?

DApps can be built on EdenChain.

What consensus algorithm is being adopted?

EdenChain utilizes both a hardware and software solution to arrive at a consensus.
Firstly, EdenChain uses Proof of elapsed time (PoET), designed and marketed by Intel. This works similar to Proof of Work (PoW), but requires far less amount of electricity as a leader is selected at random to solve for the next block. The integrity of the selection process is secured by Intel’s Software Guard Extension (SGX). The second consensus protocol is Median Voter Thereom (MVT) for continuous-type data fed to the nodes by E-oracle servers.
EdenChain also has a unique triple layer architecture — the base layer, the validation layer (virtual machine), and the off-chain communication layer with oracles.

Does EdenChain support interoperability?

Yes, it does with a highly secured interoperability between on-chain and off-chain services.

---

Governance questions

What is the total supply and circulating supply?

Total: 1 billion EDN (no more tokens will ever be created)
Circulating: 400 million EDN

Is this an ERC-20 token?

Yes. When the mainchain is completed in 1Q 2019, each EDN will be exchanged 1:1 with the main EdenChain token.

What will happen to the unsold tokens?

Any unsold tokens will be burnt.

Which countries are restricted from investing in EdenChain?

Citizens of the US, China and Iraq are restricted from investing in EdenChain.

What will drive demand for EdenChaincoins?

Node participants will require holding a certain amount of EDN (i.e. masternodes). Service providers will also require EDN to provide blockchain services (B2B, B2C, C2C). Consumers will also require EDN to use the services of the service providers.
Service providers’ service deposits is a deposit you pay to use the EdenChain Platform. There are several reasons for receiving deposits in the EdenChain. The main reason is risk management. Service providers using the EdenChain platform will most likely issue coins. Since issued coins can be exchanged with other coins in the EdenChain, the value of the coins must be maintained and stable. Service deposits can be converted to resolve problems in the event of an incident and can be returned when the service provider terminates the service.
Consumers, like service providers, must pay for transaction processing costs or currency exchange costs with EdenChain. Another use of EdenChain is the use of Secured Wallet. Secured Wallets are hardware based and it greatly increase security compared to software wallets, reducing the risk of hacking. Consumers are required to pay a fee or deposit to use the Secured Wallet provided by EdenChain.
The node participant must deposit a certain percentage of the expected transaction processing revenue to obtain authorization to process transactions originating from EdenChain

How will EdenChaincoins hold value?

EdenChaincoin introduces a hyperdeflation model to preserve the value of coins. Initially, tokens will continue to increase from 400 million through token sales, but starting in 2020, annual coins will be burned at transaction rates of a certain percentage, resulting in a gradual decline in circulation and coin volume. As the EdenChain Ecosystem is activated, demand steadily increases, but the supply gradually decreases, so prices can rise according to the principle of supply and demand.

Since most people are confused with this bounty, that's the reason why only 2 people follow this contest

Six entries so far, check them out (https://github.com/AventusSystems/aventus-dapp-proposals) and vote for your favourite (https://docs.google.com/forms/d/1DVdtzHpfoCoem6iRSz67Br3Cews1kTC5dnhzLbJlEx8) before September 3rd!

Will the prize be paid with the dollar or aventus tokens?

In Aventus tokens, AVT. It is stated in OP in "Competition Rewards" section. It was not clear enough, I edited OP.

A bit of time left to submit your Aventus DApp proposal! Please participate :)

Could you be more specific about "a bit of time"? A guess, does it end 3 Sept 23:59 GMT+1?

Yes, submissions still end today, at 23:59 UTC.

Thanks. Time to get cracking.

Im excited about it and waiting for results of this Dapp competition !
I really wish that i have enough time to focus and work about on this idea racing. It will be quite helpfull for Aventus project to progress through good ideas which are presented. Congratulations to winners already!

It just little time before the ICO Start we are here to support Aventus, i hope that this Campaign will successful for our future.

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