AVXChange Joins BIT Tour 2019

AVXChange Joins BIT Tour 2019

AVXChange is taking part in the second annual Blockchain Innovation Tour (BIT), bringing together Southeast Asian leading local investors, exchanges, media, and local blockchain communities.

The BIT roadshow toured Thailand and the Philippines from April 25th-28th, 2019 and will have an event in Vietnam on May 5th, 2019. This is the first time AVXChange participated in the annual Blockchain Innovation Tour, hosted by Asia Token Fund, with the aim of creating awareness and increasing product knowledge regarding the AVXChange platform as well as networking with business leaders and presenting opportunities to the investment community in Asia.

 

Last stop for the BIT Series 2 will be in Ho Chi Minh City, Vietnam this coming May 5th, 2019. The COO of AVXChange, Ryan Strasser will be attending together with CTO, Mr. Manansala. They will be doing another presentation of the AVXChange platform with the goal of attracting new investors and introducing the local tech community to our platform.

Most recent event we’ve attended was the BIT Philippines (April 28th, 2019) at Okada Manila, where AVXChange had its first public presentation by our CEO, Robert Enga, and was also attended by CTO, Dave Manansala. Our CEO, Robert Enga was pleased to be presenting in the Philippines where development is primarily done. Local Filipino crypto press also held a media conference where he was able to discuss and promote AVXChange.

 

First stop was in Bangkok, Thailand (April 25th, 2019) at the Thai CC Tower where AVXChange CTO, Mark Dave Manansala made the first ever public presentation of our project.

Through a dedicated presentation, AVXChange addressed some of the biggest issues and needs that are often neglected within the media and entertainment industry such as:

Lack of single source of media files. Current options for media downloads on the internet are dominated by a handful of players with exclusive content which requires consumers to have several accounts with the various retailers such as Netflix, Amazon, Google, etc. Not to mention that not all of these services are available in every country and the media files are often burdened by limiting Digital Rights Management (DRM) restrictions.
Difficulty in purchasing the files. Often, the methods of payment are cumbersome with some payment methods from certain financial institutions or regions left unable to participate in the traditional marketplace.
Loss of revenue among intellectual property owners. IP owners are losing revenue because of the existence of current uncompensated P2P file sharing applications as well as current compensated options for audio and video downloads on the internet, wherein, the rightful owners of the content don’t get enough compensation while others don’t get any compensation at all for their works.

 

AVXChange, a custom, incentive-based, Peer to Peer (P2P) file sharing platform designed for the exchange of audio and video media over the internet solves these issues by:

Creating a single platform that will allow the users to purchase any file or content they want through a single interface that will be available in any country, allowing the users to get whatever content they want, whenever they want, wherever they are.

AVXChange solves the second problem by using cryptocurrency as a method of payment. AVXChange has its own cryptocurrency called the AVXChange Token (AVX) and it will be the currency of the commerce on the network which will facilitate quick and seamless cross border, global internet-based transactions. AVXChange uses the principles of blockchain/distributed ledger technologies to eliminate centralized data points, thus increasing security and transparency as all nodes on the network will reach consensus on data and events.

AVXChange offers a solution to the most common, but often neglected issue in the entertainment industry, which is the loss of revenue among intellectual property owners, by incentivizing the file sharing participants or content distributors to compensate IP owners by allowing those sharing the files to profit from their involvement in the distribution network. Imagine a file sharing program with a polished interface and transaction mechanism which allows users to compensate intellectual property (IP) owners and incentivizes users by allowing them to earn for their role in distributing the product to market.

To conclude, the AVXChange team greatly enjoyed being a part of the BIT Tour and we are pleased to have been able to connect and meet with more members of the Asian blockchain community. We are proud that the AVXChange team was successful at creating awareness with a pool of investors and tech enthusiasts about our AVXChange P2P file sharing platform and sharing our vision of bringing the next evolutionary step in the P2P industry.

AVXChange Releases First Demonstration Video of Our Beta Client Application (v0.42)

AVXChange Releases First Demonstration Video of Our Beta Client Application (v0.42)

AVXChange is proud to release the video demonstration of the current Beta platform and unveil the first glimpse of our Client Application. This demonstration was performed and documented by our QA team and shows how our application will work.

 

In line with the release of our demonstration video, the Beta application will be made available to the public next month. Our team is having an ongoing Beta testing which will be done in three phases to test stability, security, and scalability. The AVXChange team is working tirelessly to make this release possible and successful. This upcoming release is a major milestone, not only for us, but also for those who believe in our vision.

Core components of our Beta application included on the Beta release will be announced during the public Beta launch as well as limitations of the current Beta version.

 

Watch our Video Demonstration below or click the link: https://www.youtube.com/watch?v=xHUxL9HxLrw

Appointment of Specialized AVXChange Advisor

Appointment of Specialized AVXChange Advisor

AVXChange is pleased to announce a new advisor to the team. Mr Haw has joined the AVXChange team as a blockchain and business advisor. Mr. Haw works with founders of a few listed companies over a few decades. The listed companies annual turnover are in the hundreds of millions of dollars in revenue and helped to kickstart a few IPOs. He has exited as a C-suite member in one of its subsidiaries and is now a partner in a fintech company. Mr. Haw will use his experience in business, fintech and his connections across these industries to advise AVXChange on related matters.

We have conducted a small interview with Mr. Haw and talked about what made him join AVXChange, what makes it different from competing projects, and its real-world use case and benefits.

Here’s a transcript of our interview.

AVXChange: “Why did you first get interested in AVXChange?”

Haw: “As an observer and believer in transparency from enterprises, I had AVXChange on the top of my blockchain list as one of the few companies with a great team and real-use which is the sale of audio video entertainment products.”

AVXChange: “In your view, what makes AVX stand out from other blockchain projects?”

Haw: “With their encrypted, custom P2P file sharing platform and incentivized model within their ecosystem, the AVXChange application, DLT and native AVX tokens will be the new era in the digital entertainment world. Without incentivizing P2P file-sharing, systems can be counter-productive. What makes them even more unique is the fact they are using distributed ledger technology to run the application and their token. Basically they will have their own blockchain that will be run by community members and users. All will earn the AVX token for their role in the ecosystem.”

AVXChange: “How can IP owners and users both benefit from AVXChange?”

Haw: “AVXChange is a marketplace which incentives ground “actors” with the best of what blockchain technology and cryptocurrency can provide. Through AVX tokenomics within its own ecosystem, IP owners are given their fair share for their efforts in the entertainment industry. AVX token holders will also be crucial, as they will be rewarded for their participation in AVXChange. AVXChange will be next big thing in the blockchain and digital entertainment industries.

I am excited and honored to have the opportunity to advise and share ideas with the CEO Mr. Robert Enga and the COO Ryan Strasser on how best to make AVXChange a success. I am and will continue to give relevant and valuable advice based on my experience in blockchain and traditional business.”

To learn more about our project, you can read our Whitepaper here: AVXChange Whitepaper or you can check our explainer videos which explain the platform and the company’s vision for non-tech-savvy readers:

https://www.youtube.com/channel/UCMNhNStABYqIv4XoGZMiy1g

AVXChange Beta Launch Update

AVXChange Beta Launch Update

After months of silent and hard work, AVXChange is very excited to announce that we are getting closer to our Beta release.

AVXChange is a distributed peer-to-peer (P2P) file sharing platform with elements of blockchain and cryptocurrency which is designed for the exchange of audio and video entertainment that is set to revolutionize the distribution of proprietary data over the internet.

Early last month, we were able to release our Alpha prototype. The Alpha contains all the main features of the AVXChange Platform that strongly resembles the Beta Application and was tested by AVXChange’s QA team which helped us identify bugs and other features that need improvement. After the first release, our team has been working on fixing those bugs and making improvements on the application and focused on the development for the Beta release. The upcoming Beta Testing will be conducted in three phases to test stability, security, and scalability. Core components of our AVXChange Application included on the Beta release will be announced during the actual Beta launch as well as limitations of the current Beta version.

Stability Testing

The first phase during the Beta testing which aims to stress the software to its maximum capacity and determine its efficiency beyond its normal operational capacity. Stability testing involves exercising the system with heavy users and measuring its performance parameters to verify whether the system will be able to support the anticipated load or not. This will help us evaluate how well our system performs under normal loads as well as with large volumes of data and help the users or the testers to understand how our system works in real-life situations.

Security Testing

This is done to ensure that the software is free from any vulnerabilities and risks that may cause big damage or loss. Security testing aims to find all possible weaknesses and system loopholes to uncover vulnerabilities of the system and determine that its data and resources are protected from possible intruders. While we aim to identify all possible security risks and to check all areas, our main areas of focus include: network security (to check vulnerabilities in the network infrastructure), software security (to assess various software weaknesses), client-side application security (to ensure that the client is in control and cannot be manipulated), and server-side security (to ensure that server codes and its technologies are solid enough to withstand any intrusion).

Scalability Testing

Scalability testing is done to evaluate the capability and the efficiency of the system to continue to function well regardless of the changes in the volume of data being processed and test the ability of the network to meet a growing need. Scalability testing is important to measure at what point the system stops scaling, identify what causes it, and come up with the best solution for scalability. While the entire blockchain ecosystem has evolved a lot over the last few years, one of the hurdles for its adoption is scalability. Scalability has been a big challenge for the entire blockchain community and with AVXChange running on its purpose built, custom distributed platform, we believe that we have the advantage to build an efficient and scalable system because of our multi-layered and multi-ledger approach.
As opposed to other typical ICOs, AVXChange had already started its platform development last year and self-funded the entire operations before its token sale with the goal of offering its potential investors with a working product during token sale instead of just selling pure concept.
AVXChange is determined to make this Beta release happen. We believe that our platform will bring the current P2P file sharing to the next level by compensating IP owners, rewarding sharing, and will further the Distributed Ledger movement by providing meaningful real world uses of the technology. This upcoming release is a major milestone, not only for us, but also for those who believe in our vision. We will be releasing video demonstrations on our website as soon as the Beta is released.

If this is your first time visiting our page and haven’t completely understood our project, we recommend that you begin by checking out our explainer videos which explain our platform and our vision for non-tech-savvy readers. Click the link for our explainer video:


https://www.youtube.com/channel/UCMNhNStABYqIv4XoGZMiy1g

ERC20 AVX Tokens –  Everything you need to know

ERC20 AVX Tokens – Everything you need to know

AVXChange Token (AVX) is the currency of commerce on the AVXChange network. AVXChange is an audio and video file sharing community with a token economy to reward all members for their role in the distribution of media files. AVXChange will be running on its purpose built, custom distributed platform with elements of blockchain, for transparency and immutable transaction history, and cryptocurrency. The platform will be using its own form of cryptocurrency, AVX, to facilitate quick efficient global transactions and be used to incentivize users to share files, maintain the network, and reward intellectual property owners for creating the media we all love and enjoy.

While preparing for the mainnet launch and release of official client application, the AVX Tokens will exist as ERC20 Tokens on the Ethereum Network and users will be able to send and receive their ERC20 AVX Tokens on their Ether wallets. The ERC20 AVX Tokens will only act as a placeholder for the future native AVX Tokens and are not compatible with the AVXChange platform and its corresponding features. Therefore, they need to be migrated onto the new blockchain.

Once the final blockchain solution is fully developed, tested, and successfully verified, a self-sufficient blockchain (the mainnet) will be launched. All AVX Tokens will be created in the genesis block and will be available for token swap or migration. During the token swap, users will be able to swap their ERC20 AVX for the mainnet AVX or the native AVX on a 1:1 basis. Users who hold the ERC20 Tokens will receive the same amount of the native AVX Tokens.

Mainnet launch and token swap indicates that the project team has successfully delivered the key promises stated in their White Paper and is realizing their development roadmap. Previously, a few of the best known token swaps were EOS (EOS), Tron (TRX) and VeChain (VEN).
Click the link below to view our token on Etherscan.

https://etherscan.io/token/0x9e984f28257ae9c57918515627b078deab4e11fe

BitTorrent Successfully Completed its Token Sale at Binance Launchpad

BitTorrent Successfully Completed its Token Sale at Binance Launchpad

We would like to extend our warmest congratulations to BitTorrent and Tron for their successful token sale and for their continued efforts in achieving their goal of bringing a truly decentralized internet.

BitTorrent has successfully concluded its token sale at Binance Launchpad! The token sale began on January 28, 2019, at exactly 3:00 PM UTC, netting $7.1M. The tokens were sold in two simultaneous sessions and were sold out in less than 15 minutes on Binance Launchpad, one for purchases using Binance Coin (BNB) and the other one using Tron (TXR). The BNB-supported session sold 23.76 billion BTT while the TRX session sold 35.64 billion BTT.

BitTorrent is a TRON-affiliated blockchain project for peer-to-peer file sharing that allows users to distribute their content directly to others on the web. It was acquired by Tron last June 2018 for $140M. Tron believed that by joining forces with BitTorrent, they will be able to build the future of decentralized internet.

We at AVXChange are encouraged by the P2P and cryptocurrency communities support of the idea of incentivized P2P file sharing and are anxious for you to see what we have for you. We believe our platform, designed and built from the ground up to be an incentivized P2P file sharing platform which rewards all participants for their roles in the distribution of intellectual property, will be the best. To the victor go the spoils, game on!

You can buy AVX token by sending your ETH to the Smart Contract for our Crowdsale

Send your ETH Here:

0xEaABF053ccc68408D6960869b288d78c1f47f7F7

*Your ETH must come from a compatible ERC20 token wallet ONLY! NO EXCHANGE WALLET! Your corresponding AVX tokens will be automatically sent to your ETH wallet