Avalanche is the protective platform used to launch decentralized finance (DeFi) applications, financial assets, trading and other services.
Launching its Mainnet in September 2020, Avalanche aims to be a globally sized asset exchange where users can trade all types of financial assets through smart contracts and other next-generation technologies.
Developers at Ava Labs claim that Avalanche is the first smart contracts network with sub-second transactional power as standard.
The platform’s native token, AVAX, performs various tasks within Avalanche and also acts as a payment system for users.
One of the founders of Ava Labs, which has three co-founders, is Prof Dr. Emin Gün Sirer. The rest of the team are experts in computer science, economics, finance and law.
WHY IS AVALANCHE (AVAX) DIFFERENT?
Avalanche provides decentralized asset trading that anyone can use, thanks to the digital network with sub-second transaction verification power.
The developers aim to transform the global asset trading, which operates independently from each other, into a transparent, unblocked, and gathered under one roof.
Developers can create, develop and trade any type of asset, from blockchain networks to digital representation of any asset.
AVAX tokens make up Avalanche’s in-house payment method. Users can also earn passive income by staking their coins on the network.
WHERE TO BUY AVALANCHE (AVAX)?
AVAX, like many other cryptocurrencies, can be traded and traded on the internet. It is listed on several major exchanges, including AVAW, Binance, OKEx and Huobi Global.
According to Coinmarketcap data, as of February 12, 1 AVAX = $ 51.56 / 362 TL.