🔥 What is $AVAX ? @CZ #Binance
AVAX is the native digital currency of the Avalanche network, which is a high-speed decentralized blockchain for creating smart applications (dApps), smart contracts, and decentralized finance (DeFi).
🧠 Project Function
The Avalanche network aims to :
Support smart contracts and decentralized applications (like Ethereum).
Provide high processing speed and low fees compared to older networks.
Enable the creation of custom blockchains and the extension of the protocol.
Digitize assets and run the Web3 economy efficiently.
Uses of the AVAX token
✔️ Pay transaction and gas fees within the network.
✔️ Storage and access to applications within the ecosystem.
✔️ Vote in the governance of certain applications.
✔️ Staking to participate in the security of the network and earn rewards.
👨💻 Developers and those supporting the project
The network was developed by Ava Labs.
The founders are :
Emin Gün Sirer (Professor of Computer Science at Cornell University)
Kevin Sekniqi
Maofan “Ted” Yin
They are experienced researchers in blockchain systems.
📊 Number of units and market capitalization
🚀 Total number :
The maximum number of tokens is around 720 million AVAX (no higher number will be produced).
📈 Circulating supply :
About 422 million to 430 million AVAX are available on the market for trading now.
💰 Market capitalization :
The market capitalization varies depending on the current market price but generally ranges between about 5.8 and 13 billion dollars (may vary [
