What is AVAX ? Summary of all information about AVAX coin

What is AVAX coin – What is avax crypto

Contents

Over the years, the crypto market has continuously appeared with new coins and AVAX is one of them. Also because it is a relatively new coin, many people still do not really understand what AVAX coin is as well as specific information about this virtual currency. Therefore, in the article below we will fully update the information about AVAX coin.

Learn about what is AVAX coin?

What is AVAX?

AVAX stands for Avalanche – a Smart contract platform. Because it is an open source platform, Avalanche can easily deploy highly decentralized applications or interoperable assets, blockchains, and financial products.

We all know that today the financial market is still not unified and is fragmented for two reasons, one is the law and the other is the geographical distance. Therefore, the transactions taking place encountered quite a lot of difficulties. According to statistics, there is a large amount of property value that is still not accessible to the needs of users globally. And Avalanche coin was born with the purpose of allowing financial networks to reconnect on a common platform. Thus, when launching or performing digital asset transactions, it will become much more convenient and efficient.

So you have somewhat understood: “What is AVAX?”

The reason could be due to AVAX token can create the foundation of the platform. It contains thousands of different subnetworks. And the function of these subnetworks is to reconnect to create a global market network.

Highlights of AVAX

Mention AVAX coin There are many highlights such as:

Speed:

Ability of extension:

Security:

Support:

AVAX coin

Serving financial markets:

Flexible:

Allows users to create their own private or public blockchains

AVAX is one of the top coins right now

AVAX coin details

AVAX Name, Supply, Contracts

AVAX coin whose full name is Avalanche. The total supply of this virtual currency is 360,000,000 and the total circulation is 24,500,000. This is a native token in the Avalanche platform, which can ensure high security, and at the same time help pay for operations, providing a variety of services.

Details:

Ticker: AVAX Total Supply: 360,000,000Circulating supply: 24,500,000Token type: Native Utility

In which, AVAX coin is allocated as follows:

Staking Reward: 50%Team: 10%Public Sale: 10%Foundation: 9.26%Community & Developer Endowment: 7%Strategic Partners: 5%Private Sale: 3.46%Seed sale: 2.5%Airdrop: 2.5%

Quantily AVAX token sold to the market distributed as follows:

The AVAX coin will be used for 2 main purposes: Fees and Staking.

Note: The developer announced, the total amount of tokens will be 720 million Avalanche coin and 360 million tokens provided by the mainnet. To meet this total amount, the system will continuously mine and stop only when the level is reached. In it, the number of AVAX coins used for fee purposes will be burned with the aim of increasing its scarcity feature over time.

According to a statement from Ava Labs and the development team, this virtual currency is a smart contract network that can provide a standard transaction in less than 1 second.

Current rate

To know how much AVAX’s market rate is, you can refer to Coinmarketcap’s website.

Exchange rate of Avalanche

Note, this is only the reference rate at the moment. From time to time, the price of AVAX may increase or decrease depending on market fluctuations.

How to own and trade AVAX

If you want to own AVAX token you must buy. There are quite a few exchanges that have listed this virtual currency, such as Binance, Huobi, OKEx, etc.

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Roadmap and team of developers

Roadmap of AVAX

Roadmap of Avalanche coin How you can refer to the detailed pictures below:

Roadmap AVAX in 2021

Team developer / backer (if) of AVAX

Participating in the development of AVAX virtual currency are all members with clear profiles, having worked in large companies for a long time. You can refer to the following image:

Avalanche dev team

There are also many other capable members who have contributed a lot to the development of AVAX.

Some of the companies where Avalanche members have worked are:

Avalanche member companies have worked

Closing and Disclaimer

Here is the latest information about AVAX coin. With the above information, you must have had a better overview of this virtual currency. You may consider learning more to make a sound investment decision.

Disclaimer: Although the return of virtual currency investment is very large, there are quite a lot of risks. Therefore, before you intend to invest, you need to be mentally prepared to lose money. Besides, the information we share is for reference only, not investment advice or encouragement. Therefore, if there is a risk we are not responsible.

Currently, the Vietnamese state does not provide legal support for any electronic currency, you still have the right to mine and use it, however, when there is a dispute or conflict, the state has no obligation to assist in resolving these issues. this problem.