- Brief comment
The Avalanche Protocol has the fastest transaction completion on-chain, the largest number of validators, and the ability to secure all PoS protocol activity. The Avalanche protocol is extremely fast, low cost and green. Smart contract-enabled applications that want to outperform their rivals can all gain superior competitiveness by deploying on the Avalanche protocol.
2. Recent breaking point
Avalanche Protocol went live in July with the next generation cross-chain bridge, Avalanche Bridge, which solved the pain point of previous assets that were difficult to transfer.
Avalanche Rush, a $180 million liquidity earning coin reward program, was launched to encourage more applications and assets to join the Avalanche DeFi ecosystem.
3. Project description
Avalanche is an open-source platform for launching decentralized financial applications and enterprise blockchain deployments in an interoperable, highly scalable ecosystem. Developers can easily create powerful, reliable and secure applications and custom blockchain networks with complex rule sets, or build on existing private or public subnets.
4. Token role
Payments: AVAX can transfer value quickly and at scale using the license-free Avalanche network.
Staking: Users can set up validators or entrust their tokens to pledge and earn AVAX tokens as passive income.
Effectiveness: Avalanche is an open financial platform (DeFi, NFTs, stablecoins, etc.) and AVAX tokens are required for the creation of digital assets and sub-networks.
5. Token allocation
Total supply: 720,000,000 AVAX
6. Investment institutions
Andreessen Horowitz, Nervos, Cosmos, Polychain Capital, Coinbase Former CTO Balaji, initialized Capital, Galaxy Digital, Dragongly Capital, NGC Ventures, Bitmain, Continue Capital, IOSG Venture, Fundamental Labs, SNZ, YOUBI Capital
Basic Info
Token: AVAX
Website: https://www.avax.network
Network: https://explorer.avax.network/
