Learn
Support
Scan to Download App
Avalanche Price(AVAX)USD
$13.82-0.58%(24h)
Market Statistics
About Avalanche (AVAX)
Some users call Avalanche “financial Internet”. In essence, the platform is the intersection of traditional market and decentralized applications.
With the emergence of some new cryptocurrency terms, new tokens and new digital platforms, it is difficult for novices to grasp the whole concept of cryptocurrency world immediately. Choosing a currency worth investing in is more challenging because each token has its own advantages and disadvantages. This guide discusses the Avalanche (AVAX) token that is currently being adopted on a large scale.
What is Avalanche (AVAX)?
Avalanche (AVAX) is a decentralized financial (defi) platform that allows interoperability between third-party tokens. In essence, Avalanche is a blockchain based platform where issuers can trade their tokens at a low cost. Therefore, the AVAX network has greatly improved the defi environment. It is an unauthorized system, and users can create their customized blockchains, including private or public blockchains.
What is AVAX Token?
The AVAX token is the original asset of Avalanche. At present, its total supply is 72 million tokens, and more than 70 million are in circulation. When users trade with AVAX, the amount is burned, which means that scarcity increases.
AVAX holders can mortgage their tokens in the Avalanche network. To do this, users must create an Avalanche wallet next to a key phrase. After account verification, users can transfer their funds from the x-chain that creates and trades customized assets to the p-chain that manages all data.
Once the token is transferred, users will receive a transaction ID (txid), so they can entrust their token and select the verifier that best suits their preferences. In addition, users can set a time frame for mortgaging their tokens. Although, they cannot withdraw tokens until the end of the period. At the end of this period, users will not receive any additional rewards. AVAX holders need to take shares again.
Avalanche’s Future
Some users call Avalanche “financial Internet”. In essence, it is the intersection of traditional market and decentralized application. At present, the team behind Avalanche is studying its avalance-x-an accelerator, which provides great benefits for developers and their dapps, including derivatives, stable currencies and some products, which will greatly improve the future of decentralized finance.
![]() |
Whitepaper | ![]() |
Official Website |

Register now to begin your crypto journey
Download the BTCC app via App Store or Google Play
Follow us
Scan to download
News
Avalanche (AVAX) Price Prediction 2023,2025,2030 — Is AVAX a Good Investment?
05/16/2023
Abstract: Bullish Avalanche (AVAX) price predict […]
BENQI Price Prediction: Is BENQI QI a Good Investment?
02/21/2023
BENQI (QI) is a decentralized liquidity market as well […]
Amazon’s AWS partners with Avalanche to scale blockchain solutions
01/12/2023
Amazon Web Services (AWS) has partnered with Avalanche […]
Avalanche Price Rallies 32% – Will AVAX Maintain This Momentum?
01/12/2023
The crypto rally that greeted the new year has definite […]
AVAX Staking: Everything You Need to Know about Avalanche Staking
01/10/2023
Do you have any AVAX crypto in your wallet? Why not sta […]
- Products
- Terms & Agreement
- Customer Service
Quick Links
Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.
The world’s longest-running cryptocurrency exchange since 2011 © 2011-2023 BTCC.com. All rights reserved