Total Supply: 720,000,000
Founding Year: 2018
AVAX is the native token of Avalanche. Avalanche is an open source blockchain platform designed for decentralized finance (DeFi) and is high-performance, highly scalable, and customizable. It attempts to solve the blockchain trilemma, which posits that blockchains cannot achieve a sufficient degree of decentralization at scale. AVAX is traded on the Exchange Chain, which follows its own Avalanche consensus mechanism. Unlike proof-of-work or proof-of-stake, the Avalanche consensus mechanism does not have one leader processing transactions that get validated by others. Instead, all nodes process and validate transactions by employing a directed acyclic graph (DAG) protocol.
ApolloX Product: AVAXUSDT Perpetual Contract
AVAXUSDT is a USDT quoted perpetual contract that has no expiration date or settlement. Funding rates will be updated every 8 hours: