AVAX
E920338
AVAX is the native cryptocurrency used for transactions, staking, and governance on the Avalanche high-performance smart contract blockchain platform.
Statements (48)
| Predicate | Object |
|---|---|
| instanceOf |
cryptocurrency
ⓘ
utility token ⓘ |
| assetClass | digital asset ⓘ |
| blockchainPlatform | Avalanche NERFINISHED ⓘ |
| category | layer-1 blockchain token ⓘ |
| consensusMechanism | Avalanche consensus ⓘ |
| divisible | yes ⓘ |
| ecosystem | Avalanche primary network NERFINISHED ⓘ |
| ecosystemRole | base asset for Avalanche dApps ⓘ |
| feeBurning | a portion of fees is burned ⓘ |
| feeModel | transaction fees paid in AVAX ⓘ |
| governanceModel | on-chain governance ⓘ |
| governanceScope |
economic parameters
ⓘ
network parameters ⓘ |
| launchedOn | Avalanche mainnet NERFINISHED ⓘ |
| nativeTokenOf | Avalanche NERFINISHED ⓘ |
| networkName |
Avalanche C-Chain
NERFINISHED
ⓘ
Avalanche P-Chain NERFINISHED ⓘ Avalanche X-Chain NERFINISHED ⓘ |
| platformType | high-performance smart contract platform ⓘ |
| primaryUseCase |
DeFi applications on Avalanche
ⓘ
NFT marketplaces on Avalanche ⓘ payment of gas for smart contract execution ⓘ |
| rewardType | staking rewards ⓘ |
| riskType | market volatility ⓘ |
| roleOnCChain | gas token ⓘ |
| roleOnPChain |
governance token
ⓘ
staking token ⓘ |
| roleOnXChain | medium of exchange ⓘ |
| securityRole | economic security for validators ⓘ |
| settlementLayerFor | Avalanche-based DeFi protocols ⓘ |
| stakingPurpose | securing the Avalanche network ⓘ |
| stakingRequirement | minimum AVAX balance ⓘ |
| supplyPolicy | capped maximum supply ⓘ |
| supports | smart contracts ⓘ |
| supportsFeature |
fast finality
ⓘ
high throughput ⓘ |
| supportsStandard | ERC-20 wrapped representations on other chains ⓘ |
| symbol | AVAX NERFINISHED ⓘ |
| tradableOn | cryptocurrency exchanges ⓘ |
| transferable | yes ⓘ |
| underlyingNetworkToken | Avalanche network NERFINISHED ⓘ |
| usedBy |
dApp users
ⓘ
delegators ⓘ validators ⓘ |
| usedFor |
governance
ⓘ
staking ⓘ transaction fees ⓘ |
Referenced by (3)
Full triples — surface form annotated when it differs from this entity's canonical label.