AVAX token is
AVAX is the native token of the Avalanche blockchain.
AVAX token is used for
- Fees
- Staking for POS
- Governance
How could value accrue to the token?
Native token
- Used to pay fees on the network for every subnet/blockchain.
- Fees are burned.
Locking
- Staking for POS
What is Avalanche?
Avalanche is an EVM compatible Proof of stake blockchain for building scalable permissionless and enterprise blockchains.
How Avalanche works
Avalanche has a similar architechture to Polkadot, with a primary network validating subnets/blockchains. However Avalanche consists of 3 separate blockchains validated by the Primary network.
- Exchange chain
- Contract chain
- Platform chain
These cover the specific use cases related to their name.
Features
- Compatible with Ethereum dapps
- 4500 TPS
Avalanche has a focus on enterprise and compliance
- Validators must be located in a given country
- Validators must pass a KYC/AML checks
- Validators must hold a certain license
Proof of stake
- To stake for Avalanche a validator needs a minimum of 2000 AVAX.
- Stakes are locked 2 – 52 weeks
- Validators that lock their stake for longer are rewarded more.
- Validators are incentivized to stay online and operate correctly as their rewards are based on proof-of-uptime and proof-of-correctness.
Token Isssuance
Total supply: 720,000,000
Initital Allocation
- 50% – Genesis
- 50% – Emissions
- Seed: $0.33
- Public: $0.5
- Public B: $0.85
Docs
Similar projects
AVAX token price
