What is AVINOC (AVINOC) Crypto? Current Status & Risks Explained
AVINOC is a blockchain-based token designed for aviation coordination. AVINOC (Aviation Network Operation Chain) was created to solve communication issues in business flights. However, its journey has been marked by massive price drops and lack of adoption.
Back in 2018, AVINOC's team promised a revolution. They wanted to build a permissionless blockchain layer where airlines, operators, and passengers could coordinate flights without middlemen. The idea was simple: use blockchain to share real-time data between everyone involved in a flight. This would cut costs, reduce delays, and make private jet charters more efficient. But today, that vision hasn't materialized. AVINOC's price has dropped 99.13% from its all-time high, and its main application, VOO, has almost no users.
Current Market Status
Right now, AVINOC's market data tells a grim story. According to CoinMarketCap, the token has a market cap of just $1.3 million, ranking #1827 among all cryptocurrencies. Daily trading volume is under $2,000 across all exchanges. This means very few people are buying or selling AVINOC.
Here's how prices vary across platforms:
| Exchange | Price (USD) | 24h Volume | Price Change |
|---|---|---|---|
| Uniswap | $0.0227 | $1,660 | - |
| Binance | $0.004145 | - | +5.26% |
| Crypto.com | $0.003258 | $306 | +18.97% |
Notice the big differences between exchanges. This is because AVINOC has very low liquidity. It's only listed on a few platforms like Uniswap, Binance, and Crypto.com. The token's all-time high was $2.61 at launch. Today's prices are less than 1% of that high.
VOO Marketplace: What's Going On?
AVINOC's main product is VOO (Virtual One Operator). It's supposed to be a digital marketplace for private jet charters. The idea was that passengers could book flights directly with operators, cutting out brokers.
But reality is different. As of October 2023, VOO only lists 4 private jet operators. That's not enough for a functional marketplace. Users report issues like:
- Booking system not working properly
- No available aircraft when trying to book
- Slow customer support
Trustpilot reviews for VOO average 2.1 out of 5 stars from 17 users. One user wrote: "I tried to book a flight, but the website showed no options. After waiting hours for support, they never responded." Another said: "It feels like a ghost town. No one's using this platform."
Technical Background
AVINOC started as an ERC-20 token on Ethereum. This meant it could interact with wallets like MetaMask and decentralized exchanges. However, in April 2023, it migrated to the Zeniq blockchain as a ZEN-20 token. This move was meant to improve liquidity. But Zeniq is a much smaller blockchain with limited user base. This migration didn't solve AVINOC's core problems.
The project's GitHub repository shows no significant code commits since Q3 2022. This suggests development has stalled. Without regular updates, the platform can't fix bugs or add new features. For a project that promised to revolutionize aviation coordination, this inactivity is a major red flag.
Expert Opinions & User Feedback
Experts aren't positive either. Blockchain Research Institute's 2022 Aviation Blockchain Report listed AVINOC among "promising concepts that failed to achieve critical industry adoption." They point to the lack of airline partnerships as a major reason.
On Reddit's r/CryptoCurrency, user u/AviationTechAnalyst commented: "AVINOC promised revolution but delivered vaporware-VOO marketplace has less than 5 operators listed, and token price reflects zero adoption." That's a common sentiment.
CryptoSlate gives AVINOC a 4.2 out of 10 rating with 87% negative reviews. Users call it "abandoned project" and "pump and dump." Bitcointalk.org user u/CryptoWatchdog found that "90% of AVINOC's initial token distribution went to unverified wallets," suggesting possible insider allocation.
Why Did AVINOC Fail?
Several factors contributed to AVINOC's downfall:
- Lack of industry partnerships: Despite participating in Lufthansa's Changemaker Challenge in 2019, there's no evidence of any collaboration after that.
- Minimal development activity: GitHub shows no major code commits since Q3 2022. The project seems inactive.
- Low liquidity: With trading volume under $2,000 daily, it's hard to buy or sell AVINOC without affecting the price.
- Poor community support: AVINOC's Telegram channel has only 12 active members. Last moderator activity was in August 2022.
The Aviation Blockchain Landscape
AVINOC isn't the only blockchain project in aviation. Winding Tree (LTO) is a bigger player, focusing on travel distribution. According to Deloitte's 2023 Aviation Blockchain Report, Winding Tree holds about 65% of the market share. AVINOC's market cap of $1.5 million is just 0.000125% of the entire cryptocurrency market. This shows how tiny its presence is compared to other projects.
Even the aviation industry itself is slow to adopt blockchain. Gartner predicts only 5% of aviation transactions will use blockchain by 2025-far below earlier projections of 20%. This slow adoption makes it hard for niche projects like AVINOC to succeed.
Risks for Investors
If you're considering buying AVINOC, be aware of these risks:
- Extreme price volatility: Prices swing wildly due to low liquidity. A small trade might cause large price swings.
- Zero real-world use: VOO marketplace isn't functional. There's no evidence of actual business flights booked through it.
- Project abandonment: With no updates for over 16 months, the team may have stopped working on it.
- Insider token distribution: Evidence suggests early investors got most tokens, leaving little for the public.
Blockchain Research Institute rates AVINOC's survival probability at just 8% within 24 months. That's a very high risk for any investment.
Should You Invest in AVINOC?
Based on current data, the answer is no. AVINOC has failed to deliver on its promises. Its market data shows minimal activity, and user feedback is overwhelmingly negative. Experts agree it's a failed project.
Instead of chasing risky tokens like AVINOC, consider learning about more established cryptocurrencies with real-world use cases. Always do your own research before investing.
Frequently Asked Questions
Is AVINOC a scam?
No, AVINOC isn't technically a scam-it was launched as a legitimate project. However, it has failed to deliver on its promises. The token has seen massive price drops, minimal adoption, and lacks active development. Experts and users report it as "vaporware" with no real-world use cases. While not a deliberate fraud, it's a clear example of a failed cryptocurrency project.
Why did AVINOC's price crash so hard?
AVINOC's price crashed due to multiple reasons. First, it never gained real adoption in the aviation industry. Second, trading volume is extremely low, making it easy for prices to drop sharply. Third, the project stopped updating its platform, leading to loss of trust. The all-time high of $2.61 was likely a pump, and the subsequent dump led to the current low prices.
Can I still trade AVINOC?
Yes, but it's difficult. AVINOC is only listed on a few exchanges like Uniswap, Binance, and Crypto.com. Due to low liquidity, trading it can be risky. A small trade might cause large price swings. Always use a secure wallet like MetaMask and be aware of the high risks involved.
What happened to the VOO marketplace?
VOO was launched in June 2022 as AVINOC's main application. However, it has never worked properly. As of late 2023, it lists only 4 private jet operators and has numerous user complaints about non-functional bookings and poor support. There are no signs of active development or updates to the platform.
Is there any chance AVINOC will recover?
Currently, the outlook is bleak. With no development activity, no industry partnerships, and minimal user base, it's unlikely to recover. Experts like Blockchain Research Institute give it only an 8% chance of survival in the next two years. For investors, this is a high-risk asset with little potential upside.
