Avalanche (AVAXUSD)
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Avalanche (AVAXUSD) News
Avalanche is an open-source blockchain that can be used to create new blockchains that work according to rules set by developers. New assets with specific parameters and trade restrictions can be created and programmed. The platform allows anybody to create their own blockchain.
Avalanche's developers claim that it's the first blockchain capable of processing smart contracts and performing transactions in under one second.
AVAX is the Avalanche platform's native token and has a limited supply of 720 million tokens. Of those, 360 million were issued simultaneously with the primary network's genesis block. The other 360 million tokens are issued according to a special formula. In the first year, the release rate of new tokens is 7-12%. While AVAX's overall supply can't be changed, token holders can change the issuance rate of new tokens to adapt the network to changing economic conditions.
All commissions and fees are paid for using AVAX tokens that are then burnt to decrease the total supply.
AVAX's capitalisation at the beginning of April 2021 was over $3.9 billion.
Trading options
The Avalanche team conducted its ICO in July 2020, collecting $42 million and 21 million AVAX tokens. In just Q1 2021, AVAXUSD increased more than nine times in value!
AVAXUSD's average intraday volatility in 2020 was 12.1%.
How to buy and sell AVAXUSD CFDs
You can buy and sell CFDs for AVAXUSD through a broker or a trading platform, such as MetaTrader 4 or Libertex, where leverage can be used, and you can trade if the cryptocurrency's value goes down or up.