Learn about the total issuance amount, issuance price, and issuance time of AVAX coins in one article

Avalanche is actually a blockchain network based on smart contracts. The project can prioritize transaction speed, low pricing and environmental friendliness. Avalanche's goal is to develop a flexible and scalable blockchain to maintain decentralization and security. These are some of the reasons why investors are rushing to buy AVAX. AVAX coin is the native token in this project. In fact, the advantages of this AVAX coin are that it is easy to use, has a highly regulated brokerage, and has very low fees. The disadvantage is that it has a relatively high minimum account requirement. Many investors want to know the total issuance amount, issuance price, and issuance time of AVAX coins. Let the editor tell you about it below.

This article understands the total issuance amount, issuance price, and issuance time of AVAX coins

The total issuance amount of AVAX coins is 720,000,000AVAX, and its issuance price is US$4.9 , the release date is July 14, 2020. The AVAX avalanche protocol operates through repeated sampling of the network. Initially, each node polls a small, fixed-size set of randomly selected neighbors and switches its proposals if the vast majority support a different value, repeating sampling until convergence is reached. During actual execution, the above operations will be completed quickly within three seconds.

AVAX sets the token supply limit to 720,000,000 (720M) tokens. The genesis block will generate 360 ​​million AVAX tokens. The remaining 360 million tokens will be minted following the token issuance formula. This model chooses a simple emission function for AVAX: a model similar to the current Bitcoin emission curve model to achieve a capped circulation supply, taking into account reasonable circulation and the admission of new tokens.

By adjusting the control conditions, staking for the longest period of time will generate an additional 11.11% of token minting, thus incentivizing stakeholders to invest in the long term. Due to the supply cap, the release mechanism still ensures that the number of AVAX tokens will not exceed 720M regardless of governance changes.

AVAX coin buying and trading operation step tutorial

Step one: Log in to Binance official website to register (click to register) and enter the quotation page

Step 2: Search for Avax

Step 3: Click on the transaction on the right side of AVAX coin

Step 4: Buying or selling can be completed here

Advantages of AVAX Coin

The core advantage of AVAX and similar protocols is Scalability and degree of decentralization:

1. Scalability:

In the virtual machine part, the network will first use EVM to support smart contracts, and will later design its own set Virtual machine tools. The purpose is to support smart contracts with off-chain execution and on-chain verification functions, and allow for parallel processing to deal with the problem of out-of-synchronization of smart contracts in different subnets. In addition, the subnet can be deployed by users themselves with EVM oracles, or can interact with the Athereum subnet to interact with Ethereum smart contracts. Other types of oracles can also be deployed in subnets of different execution environments, which is relatively flexible.

2. Degree of decentralization:

Due to the particularity of the mechanism, Avalanche avalanche protocol and similar protocols can quickly expand a large number of nodes and allow every node to participate in the verification process. network, so when a problem occurs in the system, only dissenting nodes need to be excluded and the existence of a validator committee is not required, thereby reducing the risk of centralized corruption.

Moreover, nodes do not need to store the historical status of all things, so for nodes on the Avalanche network, there is no need to maintain the depth and height of the DAG, which means that new nodes do not need to prove and transmit to old nodes. The history record only needs to store the current state, which can be increased or decreased when needed. The nodes in the Avalanche avalanche protocol network can be divided into three types. One is the archive node, which is responsible for storing the history of the entire network, including all smart contracts. These nodes can serve as guide nodes for new entering nodes, and can also selectively store other sub-nodes. The history of the web. The other two are nodes that only store active status, one participates in verification, and the other only participates in repeated sampling for security considerations.

AVAX Coin Online Exchange Inventory

Currently, AVAX Coin can be traded on many exchanges, such as Huobi, Binance, OKX and CoinEx. The following is a brief description of some exchanges:

1. Binance:

Binance (click to register) is one of the world's leading blockchain asset trading platforms, providing more than 100 types of digital encryption Currency trading services. Binance also offers trading pairs such as AVAX/USDT.

2. OKX：

OKX (click to register) is a digital asset trading platform that provides a variety of professional services, including digital currency exchange, contract trading, etc. It supports many AVAX trading pairs.

3. Huobi:

Huobi (click to register) is one of the world's leading digital asset trading platforms. It was founded in 2013 and is headquartered in Singapore. Huobi offers trading on hundreds of digital currencies, including AVAX, with a safe, reliable and efficient trading experience.

4. CoinEx:

CoinEx is a trading platform that provides digital financial products and services and is committed to providing users with an excellent trading experience. CoinEx’s AVAX trading volume is relatively small, but it is still an exchange worthy of our attention and use.

I hope everyone can understand the total amount, issuance price, and issuance time of AVAX coins through the above. The developers behind the project want to develop a blockchain-based advertising network, which they believe will help them expand into other markets, so they also have ambitions to create a decentralized file storage system similar to SiaCoin and Storj. For now, the Avalanche token has become the main medium of exchange between other currencies on the platform. If you are looking for something completely different, you can wait until the new features are launched before deciding to invest in the token. After all, investing in the currency circle, Still should be more cautious.

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