What Is Avalanche & AVAX?
Blockchain is changing the course of business and economy worldwide. Investing in projects, products, and services with cryptocurrency provides risk-free long-term returns. Avalanche has recently made big gains within the market, allowing everyone to create their own tailor-made blockchains that support multiple VMs (virtual machines). The project aims for unprecedented decentralization, offering a globally available, secure framework.
With Avalanche, one can perform a wide range of processes. These include issuing, trading, or exchanging equities, commodities, applications, and alternative assets. The project was meant for global finance activities, boasting near-instant transaction time. Various dApps and enterprise blockchains form one ecosystem.
AVAX represents the internal payment method for the Avalanche network. It is used to pay fees or create subnets and dApps. AVAX also acts as a reward for staking. We will find out how to get this crypto using USDT to AVAX exchange as an example.
- Avalanche supports non-fungible tokens;
- it handles 4,500 tps, compared to only 14 on Ethereum and 7 on Bitcoin;
- The platform offers impressive interoperability. It allows blockchains to communicate with one another, endorsing cross-chain value transfers;
- It operates on the basis of Avalanche consensus protocol that boasts high performance and outstanding speed. Millions of participants can conduct transactions in a few seconds;
- Avalanche highlights inclusivity for all participants. Anyone who stakes 2,000 AVAX can start node validation;
- Customization is another advantage. Avalanche lets its users fully control smart contracts by selecting users and tools. This makes the network incredibly flexible for complex financial applications with guaranteed regulatory compliance;
- AVAX demonstrates significant utility. As an established supply token, AVAX gets burned after payments. This provides the currency’s scarcity for holders, preventing its dilution through inflation. The amount of AVAX can never exceed 720 million. Its limited reserve promotes the currency’s further growth.
Avalanche’s strong technical background is its main advantage compared to its competitors. The platform holds an individual consensus algorithm. It offers a possibility to build separate blockchains and guarantees no delays. It takes seconds to complete transactions through Avalanche.
The Avalanche Foundation recently hosted a private sale of tokens. As of June 2021, the amount of AVAX estimated at $230 million was successfully sold to the leading crypto funds. This factor indicates how active the blockchain’s expansion in the market is. The revenue will be redirected towards supporting the Avalanche network. Such initiatives boost the development of decentralized finance, which benefits all players in the long run.
Besides, Avalanche’s native token remains strong within the market. It has recently shown a 65% gain. This earns AVAX the 14th-biggest cryptocurrency position with a market value of about $15 billion. This boost secures the token’s position, proving its demand in the crypto space.
You can access Avalanche’s native token AVAX through multiple platforms. Among them are Godex, Binance, OKEx, Bitfinex, and others. Here’s a brief guide on how to exchange on Godex:
- Convert your USD to USDT (Godex doesn’t accept fiat);
- Visit Godex, select USDT and AVAX in the corresponding fields, and hit Exchange. No registration is required;
- Enter your wallet address to send tokens to;
- Wait for your deposit to arrive — it won’t take long. Godex fixes the exchange rate once you have made a transaction. This provides protection against possible price alterations;
- The exchange usually takes from 5 to 30 minutes to finish;
- After it is complete, you can view the details on the Completed page. Don’t forget to create an AVAX wallet in advance (or make sure your existing wallet supports this crypto).
The website doesn’t collect any private data during the exchange process. Godex servers use reliable security protocols and are protected from DDoS attacks. If you want to access affiliate links, user’s balance, and other extra features, you can register on Godex for a better experience.
To uncover the rewarding opportunities of investing, you can purchase AVAX tokens by following a simple process. Buying AVAX through Godex implies reliability, outstanding speed, and safety of personal data. Even transaction details will be removed from the servers within a week, so you can enjoy complete anonymity and confidentiality of your data. Don’t miss out on the opportunity to benefit from investing in one of the fastest-growing cryptocurrencies.