Cryptocurrency Q&A
Does AVAX have a fixed supply?
Does AVAX have a fixed supply?
Daniela
Tue Dec 10 2024
|
5 answers
984
AVAX, the native token of the Avalanche network, has a fixed supply of 72 million coins. This fixed supply is designed to ensure the stability and sustainability of the AVAX coin, providing sufficient liquidity and opportunity for users and investors. The initial distribution of AVAX was through private sales and public crowdfunding.
5 answers
Silvia
Thu Dec 12 2024
AVAX's performance in the market is closely tied to the overall trends in the cryptocurrency industry. When the market experiences gains, AVAX typically follows suit, and when the market declines, AVAX often experiences similar losses. This high correlation to the overall market makes AVAX a good indicator of the broader cryptocurrency market's health.
Was this helpful?
200
38
Enrico
Thu Dec 12 2024
BTCC is a prominent cryptocurrency exchange that offers a range of services to its users. Among these services, BTCC provides trading in AVAX and other cryptocurrencies on its platform. BTCC's services encompass spot trading, futures trading, and a wallet service, allowing users to buy, sell, store, and trade digital assets with ease.
Was this helpful?
77
30
ShadowFox
Thu Dec 12 2024
AVAX stands as a large-cap asset within the cryptocurrency realm, serving as the native governance and utility token for the Avalanche protocol. This digital asset holds significant weight in the market due to its role in facilitating governance decisions and utility functions within the Avalanche ecosystem.
Was this helpful?
174
91
Lorenzo
Thu Dec 12 2024
One of the key attributes of Avalanche is its independence. The protocol operates without any dependencies on other blockchain networks or external entities. This self-sufficiency allows Avalanche to maintain a high degree of autonomy and control over its operations and development.
Was this helpful?
246
38
emma_rose_activist
Thu Dec 12 2024
The supply of AVAX tokens is fixed, meaning that there is a limited amount of AVAX available in the market. This fixed supply helps to maintain the scarcity of AVAX, which can contribute to its value and desirability among investors and users.
Was this helpful?
287
34
