Is Avalanche Coin an altcoin? Is AVAX Coin/Avalanche Coin worth investing?

The cryptocurrency field is mainly divided into mainstream coins such as Bitcoin and other types of altcoins. Many people who invest in cryptocurrency will care about whether the currency is an altcoin. AVAX currency is the core of the Avalanche blockchain. Assets, it is inevitable that some people care about whether Avalanche Coin is an altcoin? Avalanche Coin is not an altcoin. It is the public chain token of Avalanche, also known as Avalanche Coin. It is one of the most widely used public chain coins in the market. As a currency launched in 2020, the return rate so far is as high as +7102.48%, so Is there any investment value for investors in AVAX Coin/Avalanche Coin? They are all full of confidence. The editor will tell you in detail below.

Is Avalanche Coin an altcoin?

Avalanche Coin is not an altcoin. Avalanche is a blockchain platform and its native token is AVAX. Avalanche Blockchain is an open, decentralized platform designed to provide highly scalable, fast transaction confirmation and low-cost blockchain solutions.

AVAX tokens serve a variety of functions on the Avalanche network, including being used to pay network transaction fees, participate in network security and consensus mechanisms, and participate in decentralized finance (DeFi) applications. The Avalanche network uses an innovative consensus algorithm called Avalanche Consensus, designed to provide high throughput and low-latency transaction confirmations.

Is AVAX Coin/Avalanche Coin worth investing?

At present, AVAX Coin/Avalanche Coin has investment value. According to official data, the current price of AVAX Coin is 36.01 US dollars. Although it is lower than the historical high price of 146.22 US dollars, it is higher than the issue price of 4.9 US dollars, and the current price is 36.01 US dollars. The investment return is relatively impressive, reaching +7102.48%. It currently ranks 11th in market capitalization and is listed on 66 exchanges. Overall, AVAX Coin/Avalanche Coin is pretty good.

Avalanche (AVAX) is a cryptocurrency and blockchain platform that competes with Ethereum and provides near-instant transaction finality.

According to reports, the Avalanche blockchain can handle 4,500 transactions per second. Launched in 2020, Avalanche is designed to be fast, versatile, secure, affordable and accessible. Additionally, Avalanche is an open source project, which means anyone can view and contribute to the platform’s code.

Avalanche is usually controlled by a proof-of-stake mechanism. AVAX holders need to stake (agree not to trade or sell) AVAX in exchange for the right to verify AVAX transactions. AVAX holders with the most stakes and actively participating validators are most likely to be selected as validators for new Avalanche blocks. Holding AVAX tokens also requires voting on Avalanche governance proposals.

Avalanche is a new type of blockchain, characterized by the new consensus mechanism Avalanche, also known as the "Avalanche Protocol", so Avalanche is also called the avalanche chain. It is different from most existing public chains. It is composed of three parallel public chains. Each of the three chains performs its own duties and jointly creates a platform that is fast and convenient for DeFi to carry smart contracts on it.

How to buy AVAX coins?

Purchasing AVAX coins is mainly carried out on 58 online exchanges such as Oyi, Binance, and Huobi. The following is a detailed tutorial on purchasing AVAX coins on Oyi exchanges:

1. Open the official website of OKX Exchange (click to register), enter your email address on the homepage, and click "Register"

2. Slide the slider to the right and complete the puzzle for verification , and then enter the verification code received by email. The verification code is valid for 10 minutes

3. Then enter the mobile phone number and click "Verify Now"

4. Enter the six-digit verification code received on your mobile phone, which is also valid for 10 minutes

5. Select your country/region of residence , check the Terms of Service, "Risk and Compliance Disclosure" and Privacy Policy and Statement

#6. Create a password that must be 8-32 characters in length and 1 lowercase Letters, 1 uppercase letter, 1 number, 1 symbol, such as: !@ # $ % and other conditions

7. After logging in to the account, find the "User" on the homepage Center” icon to enter the identity authentication page

8. Different levels of authentication can be carried out according to different needs (note: video authentication needs to be operated on the APP)

9 . You need to have USDT before conducting transactions. You can buy coins for transactions in C2C. Select the appropriate merchant according to your needs, click "Buy", then make payment according to the prompts and wait for the merchant to release the currency (if you do not receive the currency for a long time, you can contact customer service Process)

#10. Click "Transaction" on the homepage - "Coin" to enter the transaction page

11. Enter AVAX in the search box, select the AVAX/USDT trading pair, and you can see the real-time market price of AVAX

12. Enter the purchase amount of AVAX, and click Buy AVAX. OK; enter the quantity to sell AVAX and click Sell AVAX

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