Website

Avalanche (AVAX)

ICO

Last updated: Jul 01, 2023

Avalanche is the fastest, most reliable smart contracts platform in the world. Its revolutionary consensus protocol and novel Subnets enable Web3 developers to easily launch highly-scalable solutions. Deploy on the EVM, or use your own custom VM. Build anything you want, any way you want, on the eco-friendly blockchain designed for Web3 devs.

Funding: $350M

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Overview

Project industry	Blockchain Infrastructure
Product type	Ecosystem
Founded	Singapore
Whitepaper	Open

What is Avalanche

Avalanche is a layer one blockchain that functions as a platform for decentralized applications and custom blockchain networks. It is one of Ethereum’s rivals, aiming to unseat Ethereum as the most popular blockchain for smart contracts. It aims to do so by having a higher transaction output of up to 6,500 transactions per second while not compromising scalability.

This is made possible by Avalanche’s unique architecture. The Avalanche network consists of three individual blockchains: the X-Chain, C-Chain and P-Chain. Each chain has a distinct purpose, which is radically different from the approach Bitcoin and Ethereum use, namely having all nodes validate all transactions. Avalanche blockchains even use different consensus mechanisms based on their use cases.

After its mainnet launch in 2020, Avalanche has worked on developing its own ecosystem of DApps and DeFi. Different Ethereum-based projects such as SushiSwap and TrueUSD have integrated with Avalanche. Furthermore, the platform is constantly working on improving interoperability between its own ecosystem and Ethereum, like through the development of bridges.

Details

Pre-sales: Feb 01, 2020 - May 31, 2020
Public sales: Jul 15, 2020 - Jul 15, 2020
Pre-sale token supply: 67,800,000 AVAX
Token supply: 720,000,000 AVAX
Total tokens for sale: 139,824,000 AVAX
Raised: 350,000,000 USD

Legal

Blockchain Platform: Avalanche
Registration country: United States
Registration year: 2018

Office address: 1177 Avenue of the Americas, 5th Floor, Suite 50922, New York, NY 10036, USA

Token info

Ticker: AVAX
Type: Utility-token
Token price in USD: 1 AVAX = 0,85 USD
Token distribution:
50% - Staking Rewards
2,5% - Seed Sale
3,5% - Private Sale
10% - Public Sale
7% - Community & Dev-ment
5% - Strategic Partners
10% - Team
9,26% - Foundation
0,27% - Testnet