$AVAX, the native token of  smart contracts platform Avalanche, is coming soon to one of the world’s longest running crypto exchanges (as well Europe’s largest crypto exchange by trading volume).

What is Avalanche ($AVAX)?

Below is a brief description of Avalanche from its developer documentation:

“Avalanche is an open-source platform for launching decentralized applications and enterprise blockchain deployments in one interoperable, highly scalable ecosystem. Avalanche is the first decentralized smart contracts platform built for the scale of global finance, with near-instant transaction finality. Ethereum developers can quickly build on Avalanche as Solidity works out-of-the-box.

“A key difference between Avalanche and other decentralized networks is the consensus protocol. Over time, people have come to a false understanding that blockchains have to be slow and not scalable. The Avalanche protocol employs a novel approach to consensus to achieve its strong safety guarantees, quick finality, and high-throughput without compromising decentralization.

“AVAX is the native token of Avalanche. It’s a hard-capped, scarce asset that is used to pay for fees, secure the platform through staking, and provide a basic unit of account between the multiple subnets created on Avalanche. 1 nAVAX is equal to 0.000000001 AVAX.“

Avalanche is being developed by Ava Labs, a blockchain startup founded in Brooklyn, New York in 2018 by Professor Emin Gün Sirer (CEO), who does computer science research at Cornell University, Kevin Sekniqi (COO), and Ted Yin (Chief Protocol Architect).

$AVAX Is Getting Listed on Bitstamp

Yesterday, Bitstamp announced via a blog post that it is “listing the following cryptocurrencies globally (excluding the U.S. and Singapore)”: $AVAX and $WBTC.

And here is the listing schedule:

  • Transfer-only mode: March 10
  • Post-only mode: March 11 at 8:00 AM UTC
  • Limit-only mode: March 11 at 12:00 PM UTC
  • Full trading: “Once the order books gather sufficient liquidity, we will enable all order types and card purchases for the new trading pairs as well”

Bitstamp is adding the following trading pairs for Avalanche: AVAX-EUR and AVAX-USD.

Disclaimer

The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.

Image Credit

Featured Image by “_anaposa_” via Pixabay