What is Avalanche Coin?
Avalanche(AVAX) is an open-source platform to build a customized blockchain infrastructure. Launched by Ava Labs, Avalanche operates on most DApps or DeFi applications. Most DApps seek ethereum-based smart contracts. Due to its scalability and limited transaction, the Ethereum-based smart contract platform has been on its limitations. As an alternative to these limitations, the Avalanche can process 4,500 transactions every second.
Additionally, regarding the scalability aspect it shows far better improvement than Ethereum so that it’s available from countless DApps. Within the Avalanche, the basic blockchains such as X-chain, C-chain, and the basic network which is the verification node are present inside. Each subnet executes the validity verification node coupled with the local regulation goal. Since each blockchain manages single subnet, the developers may utilize themselves to make use of this structure. Consequently, it is compatible with other blockchains with high scalability.
Who Invented Avalanche?
The Avalanche coin has been jointly developed by Emin Gün Sirer and two others. Emin Gün Sirer has a plethora of experiences relevant with dispersion network and bitcoin. Over a long time, he bore much interest in bitcoin scaling regarding transaction delay and commission of bitcoin. Consequently, they end up building an independent network environment that pulls off transactions in less than a second.
Amongst the joint founders who laid the cornerstone of Avalanche coin with Emin Gün Sirer are Kevin Sekniqi and Maofan “Ted” Yin. To top it all, they teamed up with experts in the fields of law, finance, economics, science and computer to lead the company.
Avalanche Coin Basics
The primary characteristics of Avalanche Coin are as follows.
|Cryptocurrency Features||Avalanche Coin (AVAX)|
|Publisher or Developers||Ava Labs (CEO. Emin Gün Sirer)|
|Jurisdiction of Incorporation (Registration Number)||USA|
|Published Date (CMC Registration)||2020-07-13|
|Max Supply||720,000,000 AVAX|
Investment Suitability of Avalanche Coin in 2023
The results of the Avalanche Coin investment suitability evaluation conducted by Coin-Labs are as follows.
|Investment Suitability Rating Items||Scores and Current Status|
|Company Activation Rate||7.0 / 10.0 CAR|
|Communication Rate||9.9 / 10.0 CR|
|Technology Transparency Rate||5.7 / 10.0 TTR|
|Development Participation Rate||9.0 / 10.0 DPR|
|Listing Status on the Top 4 Exchanges in Korea||Listed on 1 Exchanges|
|Listing Status on the World's Top 10 Exchanges||Listed on 6 Exchanges|
|Number of Available Pairs Worldwide||366 Pairs|
|Market Cap of the Cryptocurrency||7,054,301,990,997 KRW (Rank #17)|
Avalanche Coin Price
The price and recent trading volume of Avalanche Coin are as follows. (Data of 2023-01-27 17:30:25)
|Price Items||Price and Trading Volume of Avalanche Coin|
|Avalanche Coin Price||22,410.838 KRW|
|Price Change 24h||-0.10%|
|Price Change 7d||13.57%|
|Trading Volume 24h||574,927,125,042 KRW|
|Trading Volume Change 24h||20.71%|
You can check the development status and social media information of Avalanche Coin through the links in the table below.
|🌎 Official Website||https://avax.network/|
|📖 White Paper||https://www.avalabs.org/whitepapers|
|🛰️ Source Code (GitHub)||https://github.com/ava-labs/avalanchego|
|🎺 Message Board||https://medium.com/avalancheavax|
Korean Crypto Exchanges where Avalanche Coin is Listed
Korean crypto exchanges where Avalanche Coin is listed in 2023 are as follows.
|Top4 Exchanges||Listed Status||Page URL|
World Crypto Exchanges where Avalanche Coin is Listed
World crypto exchanges where Avalanche Coin is listed in 2023 are as follows.
|Top10 Exchanges||Listed Status||Page URL|
Frequently Asked Questions
What is the current price of Avalanche Coin?
Avalanche Coin price today is 22,410.838 KRW. Furthermore, the price of Avalanche Coin has fluctuated by -0.10% from 24 hours ago, and by 13.57% from a week ago.
Where is Avalanche Coin listed?
Currently, it is listed on a total of 1 among the 4 largest exchanges in Korea, and is listed on a total of 6 among the world top 10 exchanges.
What is the market cap of Avalanche Coin now?
Currently, Avalanche Coin has a market cap of 7,054,301,990,997 KRW, which is ranking 17 among cryptocurrencies worldwide.
How much is the trade volume of Avalanche Coin?
Currently, 314,771,898 AVAX coins are circulating through 366 market pairs. As a result, in the last 24 hours, 574,927,125,042 KRW of AVAX coins were traded in the market.