AVAX is a token created by the Avalanche platform to secure the blockchain network, pay for the operational fees, transfer value between peers and create new networks on the Avalanche platform. Additionally, AVAX coin is the first smart contract platform that can verify transactions in under 1 second and that supports all Ethereum development tools.
Turkish computer scientist Professor Dr. Emin Gün Sirer created the Avalanche platform using an original consensus protocol. Avalanche confirms transactions in less than a second and supports the entire Ethereum development toolkit. It is also the first smart contract platform to enable millions of full block generators.
During the testnet, Avalanche broke the record of more than 1,000 block producers from independent parties around the world, even surpassing the test networks of some of the most anticipated networks and most of the major active mainnets. Avalanche has one of the most equitable token distribution plans in the ecosystem, with less than 14% of mainnet tokens issued to private investors and almost 70% to users who build on the ecosystem.
AVAX was created as a limited supply token. The total supply is set at 360 million tokens and the maximum supply 720 million tokens. Various transaction fees will be incurred as the system continually issues new tokens as it reaches its maximum limit.
To perform your AVAX trading on the ICRYPEX Crypto Exchange:
First of all, you must be a member of our site by filling in the name-surname, phone and e-mail address sections from the "New Account" button.
After completing all required fields of the membership, you can deposit TRY from your bank account by clicking "Deposit" or you can start your investment by transferring your AVAX to your AVAX wallet you have created in "My Assets".
In the investments you will make through the bank, ICRYPEX Bilişim AŞ you must write. Transfers sent with different, incorrect or incomplete recipient names are rejected by the bank.
The transaction description code in the deposit section should be noted to be written on the receipt. Your transfers are made through current TL current accounts registered in your name.
After depositing TL to your wallet, you can buy AVAX easily either by going to the "Easy Buy and Sell" screen or by clicking "Easy Buy". To complete the buying process, you need to enter the AVAX amount you want to buy and choose the rate price and give a buy order. After completing your AVAX buying transactions you can evaluate your investments by following the market conditions.
ICRYPEX allows you a quick and secure AVAX trading with its 24/7 Customer Representatives appointed to every user and its daily and weekly analysis support.
Avalanche sets itself apart from other blockchains with its lightweight, simple and intuitive staking process. At least 2,000 AVAXs are required to be a full block generator on Avalanche and all other subnets. Supported environments include Windows, Mac, Linux, and most cloud infrastructures. If requested min. Staking on someone else's node can be included with 25 AVAX.
An important difference between Avalanche and other blockchain platforms is the management mechanism. Staking rewards are subject to dynamic changes as the system evolves. For the first year, the annual staking reward will initially target a mining rate of between 7% and 12%.
The Avalanche (AVAX coin) platform has been supported by major companies such as Andressen Horowitz and Polychain Capital. The following can be done on this platform:
Creating private and public blockchains
Issuing and trading cryptocurrencies
Build scalable smart contracts and decentralized applications