Avalanche
AvalancheAVAX13.40$ +-0.41%

Open-source platform for launching decentralized applications

20 Rank
4.76B$ Market cap
27.82M$ 24H Volume

AVAX price live chart

13.40$-0.41%
Avalanche Price statistic
Avalanche price today
Avalanche price
13.40 $
Price change (24h)
0.41% -0.05 $
Trading volume (24h)
27.82M $
Market Dominance
0.45%
Market rank
#20
Avalanche price history
All Time High
Nov 21 2021 (1 year ago)
90.83% 146.00 $
Avalanche Market Cap
Market Cap
4.76B $
Fully Diluted Market Cap
11.57B $
Avalanche Supply
Circulating Supply
296.37M AVAX
Liquid Supply
325.13M AVAX

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Avalanche basics

Name

AVAX

Category

Infrastructure

What is Avalanche?

Avalanche is an open-source platform for launching decentralized finance applications and enterprise blockchain deployments in one interoperable, scalable ecosystem. Developers who build on Avalanche can create applications and custom blockchain networks with complex rulesets or build on existing private or public subnets.

Avalanche token type

Token name

AVAX

Token type

Native

Token uses

Vote, Payments, Work

Avalanche history and first price

Launch style

Airdrop, Crowdsale, Private Sale

When did Avalanche launch?

At launch, 360 million AVAX were minted and sold through private and public sales. The remaining 360 million AVAX are for staking rewards distributed over the following decades. Of the minted tokens, there are various vesting periods from one year to 10 years.

Staking Rewards — 50% of the tokens were minted at launch. The remaining 360 million tokens will be utilized as staking rewards released over decades.

Seed Sale — 2.5% of the tokens were for participants in the seed sale. The price per token was $0.33 with a one-year vesting schedule. 10% of the allocation was released on mainnet launch, with the remainder released every three months over a year.

Private Sale — 3.5% of the tokens were for participants in the private sale. The price per token was $0.5 with a one-year vesting schedule. 10% of the allocation was released on mainnet launch, with the remainder released every three months over a year.

Public Sale Option A1–1% of the tokens were for participants in the Public Sale Option A1. The price per token was $0.5, with a maximum allocation per user of $25k. 10% of the allocation was released on mainnet launch, with the remainder released every three months over a year.

Public Sale Option A2–8.3% of the tokens were for participants in the Public Sale Option A2 sale. The price per token was $0.5 with a maximum allocation per user of $2.5 Million. 10% of the allocation was released on mainnet launch, with the remainder released every three months over 18 months.

Public Sale Option B — 0.67% of the tokens were for participants in the Public Sale Option B sale. The price per token was $0.85 and with no vesting period.

Foundation — 9.26% of the tokens were allocated to the Foundation. These tokens are used for several ecosystem-building initiatives, including marketing, bounties, and incentive programs. These tokens have a 10-year vesting period.

Community and Development Endowment — 7% of the tokens were allocated to Community and Development Endowment. These tokens are allocated to individuals and groups that are developing core tooling and infrastructure on Avalanche.

Testnet Incentive Program — 0.27% of the tokens were allocated to participants that validated in the Avalanche incentivized testnet programs. Participants were able to complete challenges to earn up to 2,000 AVAX. These tokens were locked for an entire year.

Strategic Partners — 5% of the tokens were allocated to strategic partners. These tokens were allocated with the specific mandate of being distributed to groups, organizations, and enterprises that are building businesses using the Avalanche technology and network. These tokens have a four-year vesting period.

Airdrop — 2.5% of the tokens were allocated with the specific mandate of being distributed to various communities to onboard more people to the Avalanche community. These tokens have a four-year vesting period.

Team — 10% of the tokens were allocated to founding and non-founding members of AVA Labs. These tokens have a vesting period of four years.

How did Avalanche come about?

Avalanche was first conceptualized and shared on InterPlanetary File System (aka IPFS) in May 2018 by a pseudonymous group of enthusiasts named "Team Rocket." Later it was developed by a dedicated team of researchers from Cornell University. The research was led by Emin Gün Sirer, a professor of computer science and software engineer, assisted by doctoral students Maofan "Ted" Yin and Kevin Sekniqi. Following the research stage, Ava Labs was founded to develop the network primarily to meet complex financial industry requirements. In March 2020, the AVA codebase for the Avalanche consensus protocol became open-source and available to the public.

In addition to meeting complex financial industry requirements, Avalanche targets three broad use cases:

– Building application-specific blockchains, spanning permissioned (private) and permissionless (public) deployments. – Building and launching highly scalable and decentralized applications (Dapps). – Building arbitrarily complex digital assets with custom rules, covenants, and riders (smart assets).

Avalanche's Initial Coin Offering ended on July 15, 2020, followed by the launch of mainnet in September of the same year. In September 2020, the protocol also issued the native token AVAX (an acronym for "Avalanche"). Ultimately, Avalanche is designed to be a high-performing, scalable, customizable, and secure blockchain platform.

Avalanche roadmap 2022
Cascade Testnet
April 2020 · Testnet Launch

Cascade was Avalanche's first public testnet.

Learn more: Avalanche Launches Public Testnet

Denali Incentivized Testnet
May 2020 · Testnet Launch

Denali was Avalanche's second public testnet. It also incentivized users to run a testnet node but allocated 2,000 AVAX tokens to participants. In total, the event planned to distribute two million tokens to contributors.

Learn more: Avalanche Launches Final Incentivized Testnet

Everest Mainnet Release Candidate
August 2020 · Testnet Launch

Everest was a fully-featured version of the Avalanche network that acted as the final phase of testing before the launch of Avalanche’s mainnet. It added support for NFT contracts, more advanced smart contract utility, and network fees.

Learn more: Unveiling Everest: Avalanche’s Mainnet Release Candidate

Avalanche Mainnet Launch
September 2020 · Mainnet Launch

The Avalanche mainnet launched on Sep. 21, 2020, which featured the release of all three Avalanche chains (the P, X, and C chains). At launch, the network offered support for full EVM (Ethereum Virtual Machine) compatibility and development toolkit through its Avalanche Contract Chain (or C-Chain), which itself is an implementation of the EVM.

Learn more: Ready for Liftoff

Show more

Avalanche technology explained

Avalanche is an open-source platform for launching decentralized finance applications and enterprise blockchain deployments in one interoperable, scalable ecosystem. Avalanche uses Proof-of-Stake, allowing validators to have a first-hand say in the system while consuming minimal energy. Avalanche is not a single chain network. It features multiple chains, with some performing core functions while others are more application-specific. All non-core Avalanche chains (called subnets) must rely on validators that stake AVAX on one of Avalanche’s central platforms. Validators must be a member of the Primary Network; all other subnets are optional. The Primary Network contains three blockchains:

Platform Chain (P-Chain) Contract Chain (C-Chain) Exchange Chain (X-Chain)

All three combine to provide the same capabilities of a single network. The X-Chain handles the creation of new digital assets and the exchange of tokens between the core blockchains and their various subnets. The C-Chain is an instance of Ethereum’s EVM, which allows for the creation and execution of Solidity-based applications. The last chain, known as the P-Chain, is the base staking platform that manages network validators and enables developers to create new subnets. Every validator must stake on the P-Chain and participate in securing Avalanche’s Primary Network.

Avalanche core contributors
Individuals
Companies
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Emin Gun Sirer
Founder and CEO at Ava Labs
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Ava Labs
Ava Labs is building Avalanche, the fastest smart contracts platform in the industry.
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Avalanche supply limit

General Emission Type

Inflationary

Precise Emission Type

Burn & Mint Equilibrium, Programmatic Burn

Is capped

Yes

Max supply

720000000

Avalanche supply curve details

API: https://avascan.info/api/v1/supply?q=circulatingSupply

Note: The liquid supply curve represents estimated liquid supply entering circulation, including inflation by way of staking rewards, and existing illiquid supply that is unlocked and deemed liquid over time. Further, burned supply is not included in the liquid supply curve.

Who funds Avalanche core development?
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HashKey
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Three Arrows Capital
Three Arrows Capital Pte. Ltd. is a hedge fund manager established in 2012 and focused on providing superior risk-adjusted returns, founded by Su Zhu and Kyle Davies.
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SNZ
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Polychain Capital
Polychain Capital manages a hedge fund focused on an actively managed portfolio of blockchain assets with the goal of helping advance the global adoption of cryptocurrencies.
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NGC Ventures
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MetaStable Capital
An actively managed fund of hedge funds
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Lemniscap
We are an investment and advisory firm specializing in investments in emerging crypto assets and advising early-stage blockchain startups. We believe blockchain technology will upend traditional business models, resulting in profound changes in the world economy. Our singular goal is to drive this transformation to a more decentralized and transparent future. Our team consists of talented people with backgrounds in financial markets, PE/VC, technology, and entrepreneurship. We have been involved in the blockchain space since 2014 as both investors and advisors and can leverage deep relationships with other participants in the ecosystem.
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LedgerPrime
A quantitative and systematic digital asset investment firm. With a commitment to rapid innovation and a technology first and data-centric approach, LedgerPrime seeks to become a global leader in generating sustained and superior risk-adjusted returns.
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LD Capital
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Initialized Capital
Initialized Capital is a San Francisco-based early stage venture capital firm with over $500M in assets under management.
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a16z Crypto
a16z crypto is the blockchain and cryptoasset investment arm of Venture Capital firm Andreessen Horowitz. The fund was launched with $300 million to invest in crypto companies and protocols. a16z crypto is structured to hold investments for 10+ years and invest throughout various market cycles. Along with capital a16z Crypto provides support from the a16z team to assist startups with executive and technical recruiting, regulatory affairs, communications and marketing, and general startup management.
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Galaxy Digital
Galaxy Digital is a diversified, multi-service merchant bank dedicated to the digital assets and blockchain technology industry. Galaxy Digital’s multi-disciplinary team has extensive experience spanning investing, portfolio management, capital markets, operations, and blockchain technology. Galaxy Digital currently operates four distinct business lines, which include: Trading (arbitrage, macro, market making/OTC), Asset Management (management of external capital across passive and ecosystem funds), Principal Investing (private equity, venture, public equity, ICO investments, Pre-ICO investments, and liquid and illiquid cryptocurrencies), and Advisory (capital markets, M&A/restructuring, and technical consulting services to both start-ups and established institutions). Galaxy Digital’s CEO and Founder is Michael Novogratz.
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Fundamental Labs
As an investor and an incubator, Fundamental Labs has invested in more than 30 blockchain related portfolios. Our mission is to empower the entrepreneurs to create more influential innovations. Fundamental Labs belongs to fundamental foundation, and connects to more blockchain foundations all around the world. The team of Fundamental Labs has unique investment philosophy and strong network resources in blockchain technology. We focus on the fundamental innovations both in technology and in business. And in the coming several years, we will help more people using blockchain technology to reform the traditional industry. It’s time to get things move on to the blockchain.
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Dragonfly Capital
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Digital Asset Capital Management
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CMS Holdings
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Bitmain Technologies
Bitmain is a a privately-owned cryptocurrency mining company. It is the world's largest manufacturer and designer of mining chips for Bitcoin, Bitcoin Cash, and other cryptocurrencies. The company also operates and invests in some of the world's largest bitcoin mining pools, including Antpool, and ViaBTC.
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AU21 Capital
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Andreessen Horowitz
Andreessen Horowitz (also called a16z, legal name AH Capital Management, LLC) is a private American venture capital firm, founded in 2009 by Marc Andreessen and Ben Horowitz. The company is headquartered in Menlo Park, California. Andreessen Horowitz invests in both early-stage start-ups, which may raise just $50,000, and established growth companies, which often raise tens of millions of dollars.[1] Its investments span the mobile, gaming, social, e-commerce, education and enterprise IT (including cloud computing, security, and software as a service) industries
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Abstract Ventures
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Avalanche consensus

General consensus mechanism

Proof-of-Stake

How Avalanche works?

Avalanche utilizes a DAG-optimized novel family of Proof-of-Stake consensus protocols collectively called Snow. The family consists of three components – Slush, Snowflake, and Snowball. Snowflake and Snowball are leaderless Byzantine fault tolerance (BFT) protocols built around Slush, a non-BFT metastable mechanism. Inspired by gossip algorithms, consensus gains its properties through the metastable mechanism whereby the system operates by repeatedly sampling the network at random and steering correct nodes towards a common outcome.

The metastable mechanism aims to quickly move a large network to an irreversible state, where the irreversibility implies that a sufficiently large portion of the network has accepted a proposal, and a conflicting proposal will not be accepted with any higher than negligible probability.

In simple terms, Avalanche's consensus is leaderless by design. Transactions are verified by having nodes communicate with each other at random until a sufficiently large portion of them reach an agreement. A validator's chance of being sampled is proportional to their AVAX stake. A validator will receive a staking reward if they are online and respond for more than 80% of their validation period, as measured by a majority of validators. The minimum amount that a validator must stake is 2,000 AVAX. Avalanche's leaderless design allows it to waive slashing penalties, which can otherwise act as a deterrent to prospective stakers. Ultimately, this approach is aimed at maximizing its total validator set.

Further, because Avalanche is a lightweight protocol, the minimum computer requirements are quite modest and do not require special computer hardware.

· Hardware: 8 core CPU >= 2 GHz, RAM: 16 GB, Storage: 200 GB free space. · OS: Ubuntu >= 18.04 or Mac OS X >= Catalina. (Ubuntu versions older than 18.04 may work but have not been tested.) · Network: IPv4 or IPv6 network connection, with an open public port, capable of at least 30Mbps throughput.

Requirements scale with the amount of AVAX staked on the node. A large node (100k+ AVAX staked) gets the most significant instance to ensure the node doesn't fall behind and jeopardize staking rewards. A small node (less than 10k AVAX staked) can run a healthy node on a below-spec computer.

Avalanche governance

Onchain governance type

Direct On-Chain Vote, Upcoming

What is Avalanche governance?

FAQ
1.What is the best app to store Avalanche?

Store Avalanche with Cropty cryptocurrency wallet by 3 simple steps:

  1. Download the app from the Apple AppStore or Google Play, or open your browser wallet.
  2. Create your Cropty wallet account with Face ID or Touch ID security options.
  3. Transfer AVAX from external wallet.
2. How can I receive Avalanche?

Receive Avalanche to your Cropty wallet by QR-code, phone number, e-mail and nickname:

  1. Download the app from the Apple AppStore or Google Play, or open your browser wallet.
  2. Create your Cropty wallet account, set up a nickname.
  3. Click ‘Receive’ and follow the instructions.
3. How can I store Avalanche safely?

You can transfer your Avalanche holdings and store it safely with Cropty wallet. Cropty secures safety of your holdings through various verification options like using password, authenticator app, Face ID, Touch ID and backup codes. You can be sure no one can get access to you Avalanche holding except you.

4. How to start investing in Avalanche easily and securely?

Start investing in Avalanche with Cropty cryptocurrency wallet by 3 simple steps:

  1. Download the app from the Apple AppStore or Google Play, or open your browser wallet.
  2. Create your Cropty wallet account, set your authentication settings.
  3. Transfer AVAX from external wallet.
5. Why should I choose Cropty to store and transfer Bitcoin?

The Cropty wallet provides the most convenient application for storing and transfering Avalanche. Cropty targets to become one the best crypto wallets for Android and iOS in 2022. Cropty provides convenient application and secure custodial services, built for crypto beginners, as well as for crypto-savvies.

6. How can I receive Avalanche as payment?

You can receive Avalanche as payment in Cropty wallet. It is a convenient mobile app to receive, store and transfer Avalanche AVAX safely and instantly. Open Cropty app, click ‘Receive’, follow simple instructions and get your Avalanche holdings immediately.

7. How can I receive Avalanche donations?

You can receive Avalanche donations instantly with Cropty wallet. Download Android or iOS app or open the web version, sign up, click ‘Receive’ and follow simple instructions. Share your address with someone who wants to donate you in crypto.

8. Can I send Avalanche without verification?

You can receive Avalanche donations instantly with Cropty wallet. Download Android or iOS app or open the web version, sign up, click ‘Receive’ and follow simple instructions. Share your address with someone who wants to donate you in crypto.

9. How can I send Avalanche without fee?

You can send Avalanche instantly without fee in the Cropty wallet. Download Android or iOS app or open the web version, sign up, click ‘Send’, choose ‘Send via e-mail, phone number or nickname’ and follow simple instructions.

10. How to make money with Avalanche?
  1. Sign up to Avalanche wallet.
  2. Top up your balance with Avalanche.
  3. Store, trade or deposit your Avalanche.
  4. Get Avalanche deposit interest directly to your Cropty wallet.
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Avalanche Price statistic
Avalanche price today
Avalanche price
13.40 $
Price change (24h)
0.41% -0.05 $
Trading volume (24h)
27.82M $
Market Dominance
0.45%
Market rank
#20
Avalanche price history
All Time High
Nov 21 2021 (1 year ago)
90.83% 146.00 $
Avalanche Market Cap
Market Cap
4.76B $
Fully Diluted Market Cap
11.57B $
Avalanche Supply
Circulating Supply
296.37M AVAX
Liquid Supply
325.13M AVAX
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