Fellow Coinstorers,
Coinstore will list AVAX(Avalanche) and open AVAX/USDT trading pairs.
Details are as follows：
Deposit time： 2022/08/13 15:30（UTC+8）
Trade time： 2022/08/12 15:30（UTC+8）
Withdrawal time： 2022/08/13 15:30（UTC+8）
Issue date: 2020/07/14
Total supply: 720,000,000
Circulation: 284,930,143.23
Official Website: https://www.avax.network/
White paper link：https://www.avalabs.org/whitepapers
Block explorer: https://snowtrace.io/
Introduction:
Avalanche is a layer one blockchain that functions as a platform for decentralized applications and custom blockchain networks. It is one of Ethereum’s rivals, aiming to unseat Ethereum as the most popular blockchain for smart contracts. It aims to do so by having a higher transaction output of up to 6,500 transactions per second while not compromising scalability.
This is made possible by Avalanche’s unique architecture. The Avalanche network consists of three individual blockchains: the X-Chain, C-Chain and P-Chain. Each chain has a distinct purpose, which is radically different from the approach Bitcoin and Ethereum use, namely having all nodes validate all transactions. Avalanche blockchains even use different consensus mechanisms based on their use cases.
After its mainnet launch in 2020, Avalanche has worked on developing its own ecosystem of DApps and DeFi. Different Ethereum-based projects such as SushiSwap and TrueUSD have integrated with Avalanche. Furthermore, the platform is constantly working on improving interoperability between its own ecosystem and Ethereum, like through the development of bridges.
Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. Coinstore will make best efforts to choose high-quality coins, but will not be responsible for your trading losses.
Coinstore Global,
August 10th, 2022
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