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Avalanche
2021-11-17 08:241111
Token Information
Project Name: Avalanche
Token Ticker: AVAX
Total Supply: 720,000,000 AVAX
About AVAX
Avalanche is an open-source platform for launching Decentralized Finance (DeFi) applications and enterprise blockchain deployments in an interoperable, highly scalable ecosystem. The Avalanche network confirms transactions in under 1 second, supports the entire Ethereum development kit, and enables millions of independent validators to participate as full block producers due to its unique architecture.
Use Cases
The native token of Avalanche, AVAX, is used for:
- Peer-to-peer (P2P) value transfer
- Staking and securing the network
- Paying for operations, computation and storage
- Creation of new blockchains and subnetwork
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