What currency is AVAX? What does AVAX coin mean?

AVAX, the native cryptocurrency of Avalanche blockchain, serves multiple roles, including transaction fees payment, staking for network validation, and supporting decentralized applications.

Oct 01, 2024 at 10:11 pm

What is AVAX?
AVAX is the native cryptocurrency of the Avalanche blockchain. It is used to pay for transaction fees on the network, stake and validate the network, and create and interact with decentralized applications (dApps) on the Avalanche blockchain.
What does AVAX coin mean?
AVAX coin means Avalanche coin. It is the native currency of the Avalanche blockchain, which is a Proof-of-Stake blockchain that is designed to be highly scalable, secure, and decentralized.

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