AVNU Unveils Game-Changing Community Token Initiative for a Safer Starknet

AVNU has unveiled the “Group Token Initiative,” which goals to supply a safer and structured buying and selling atmosphere. It addresses the problems arising from the token administration buildings inside the Starknet blockchain, in addition to these associated to token verification, relative safety and the diploma of openness, which is significant within the ever-evolving decentralized finance trade.

Refresh token lists with the group platform

On the coronary heart of the complete AVNU program are the brand new guidelines represented by the Group Token Platform, a system of token authentication that eliminates conventional boundaries. To ensure that a Starknet token to be verified on this platform, it should meet necessities akin to having Complete Worth Locked (TVL), day by day buying and selling quantity, and proudly owning distinctive tickers. Tokens can solely be listed in AVNU in the event that they meet these requirements, so create a related, high-quality record.

That is finished in order that the platform permits the group to take part within the verification course of. A minimal buying and selling quantity and TVL are required to remove low-quality and inactive tokens for higher utilization.

Function of the AV working group

A novel side of the initiative is the creation of the AV Working Group, a group of seven Starknet group members with a transparent mission: to prioritize consumer security. The aim of this group is to debate token requests that goal to authorize solely professional tokens that guarantee total buying and selling safety. Earlier than a token may be included within the AVNU Group Listing, it have to be permitted by the working group and a token should obtain no less than three constructive votes from the working group members.

Introducing the Token Listing API

Along with the Group Platform, the AVNU has additionally launched a Token Listing API that gives real-time information on all tokens accessible for buying and selling on the Starknet platform. This API additional expands the information in actual time with token particulars and related verification tags, offering different ecosystem individuals with correct token information.

A community-managed future for Starknet

AVNU desires to make Starknet a safe and sturdy blockchain atmosphere by permitting different group members to be a part of the verification course of. The Group Token Initiative may be adjusted utilizing consumer suggestions. Attributable to these transparency and consumer safety rules, AXNU plans to make Starknet the go-to hub for crypto buying and selling because of this idea of group verification on decentralized networks.

AVNU additionally emphasised the function of customers and known as on members of the Starknet group to contribute to this open and ongoing course of. “That is simply step one,” the corporate mentioned, “and we’re excited to construct a safer and user-friendly ecosystem collectively.”