Avalanche Cryptocurrency Fact Sheet - Valkyrie
 

Avalanche

Network Name: Avalanche
Currency Name: AVAX
Ticker: AVAX
Mining: Proof of Stake
Founders: Emin Gün Sirer
Launch Date:September 21, 2020

KEY HIGHLIGHTS

  • Avalanche is:
    • Scalable
    • Secure
    • Decentralized
    • Governable and Democratic
    • Interoperable and Flexible
  • $AVAX is a capped-supply token, with a maximum cap of 720 million tokens. While capped, $AVAX is still governable. The rate at which the maximum cap is reached is subject to governance.
  • Since Avalanche is leaderless, there are no “rich-get-richer” compounding effects. Validators that lock their stake for longer are rewarded more and are also incentivized to stay online and operate correctly as their rewards are based on proof-of-uptime and proof-of-correctness.
  • Fees are not paid to any specific validator. Instead, they are burned, thus increasing scarcity of the $AVAX.
 

MISSION

The overarching aim of Avalanche is to provide a unifying platform for the creation, transfer, and trade of digital assets.

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