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About the application:

Avalanche is an umbrella platform for launching decentralized financial (DeFi) apks, financial assets, trading and another services. Avalanche supports the same programs as Ethereum, the network bandwidth reaches 4500 transactions per second and is confirmed instantly. The AVAX token is Avalanche's internal payment way and is used to collect commissions during transactions, as well as for rewards and related purposes. Players can also keep passive income from them by stacking, placing their coins on the network. At the begin of the project, 360 million AVAX tokens were issued, and the same amount could be issued for the payment of stacking rewards. After paying the commissions, AVAX tokens are burned, their number in circulation decreases. Over time, this could assist the growth of the cryptocurrency exchange rate. For example, in Ethereum, the maximum number of tokens is not limited, so there is no deflation mechanism in it. AVAX will never be released more than 720 million. Scalability and safety. Avalanche and all blockchains made on it work on the Proof-of-Stake (PoS) consensus algorithm. Tens of thousands of nodes around the globe provide network performance, which gives transaction speed and safety from attacks. In this, Avalanche has bypassed Ethereum, which is only working on switching to PoS. AVAX is a freely exchangeable token, now accessible in our official Avalanche Wallet mobile application. Managing AVAX tokens has become even easier, safer and more convenient.