Founded by Emin Gun Sirer, a PHD professor at cornell whi has been working on cryptocurrencies since 2003 before satoshi. Making a while new type of consensus, going after a whole different area of finance to current cryptos just as debt instuments, etc. Highly scalable and fast transactions with no problems, mainnet is already built. Price right now is around 4.80, ico price was back in june/july around 50c, which given the summer pump is still cheap and given the project is alot further along now also, just watch both those videos, you will se how fucking big this is, this will be a top 10 crypto
Can't believe biz will pass on a potential top10 for shitcoins. Just like UMA, Biz will miss out on another ship
Camden Collins
1% unlocked, VCs have 40x’d in less than two years; presalers are sitting on nearly a 10x on paper. Refer to the algorand sale to see what happens next
Brayden Sanchez
This. It’s like Biztards never learn their lesson. AVAX is another moonproof coin like Algo. Yeah Tokenomics is a meme but when literally 95% of the supply is owned by team / private investors.
Kayden Miller
If I stake my locked tokens are the rewards also locked? Also, what's the staking reward? Got 50k unlocked and 50k locked for 18 months. Also 4k locked for a year from the testnet. Unironically hoping to retire from this alone, even though I allso have 10m rsr and 10k link.
Even if you calculate it's market cap with the full 360m coins, it's still extremely undervalued
Juan Cox
Youve been watching too many youtube shills, here is the supply unlock schedule. 0 AVAX is even released untill Q1 next year, you are all saying link will be 100 EOY and you think this will stay 100m cap by end of year?
Yes supply will be diluted alot, this isnt some pajeet Algo coin. Fucking watch the videos and learn. This will be bigger than UMA
Same Terrible misinformation in every thread. I wonder why you are trying so hard user you aren't going to get Cheap AVAX
14% unlocked now and it will take 10 years to unlock the full 360mil Vesting Periods Foundation (10 years vesting) Team (4 years vesting) Community & Development Endowment (1 year vesting) Strategic Partners (4 years vesting) Airdrop (4 years vesting)
Lucas Perez
Vcs got in 0.30, everyone else at 0.50 like I said in the OP. Do the math, its more like 4-6x. Which given the market since the start of the year is alot less than any relevant coin
Nathan Johnson
so buy in 10 years when the massive inflation is over... got it.
Robert Anderson
The team slowly selling off their coins instead of selling it off all at once doesn't really matter. It's the same thing, it's just as VC as all other coins which had ICOs.
In a year, the inflation from coin releases will be negligible.
Brayden Nelson
t. 500k algo holder
It feels good being right
Aiden Clark
checked, not touching this garbage until it drops under $2
William Morales
No... this is a Fantom board
Landon Lee
Why buy a high cap L1 in a congested field when you can just buy Chainlink which will work with whichever L1 succeeds?
Jonathan Campbell
UMA presale was 26c, now it is 10$, if you are put off buying a coin of this magnitude because it went 4x from presale you will stay poor
Jason Bailey
Avax can work with anything. Watch the video. Heres one example of its use and how chainlink actually needs Avax.
Lets say you want everyone in your network to be compliant with US law, using Avax you can set that parameter. Or lets say you want your data only to be in a geographical location, or you want a set amount of network power. With all other chains like ETH, you just get ETH thats it. You think a company is going to put all their data out there to the world and be at the mercy of the next crypto kitties? No they will use AVAX and they will have their own network
David Ortiz
algo ico price was 2.4$ and it dumped hard once listed on exchanges. avax pumped hard.
Josiah Hernandez
You can even see the chart how anyone who would of sold their ICO profits is already out and now we are growing.
Bentley Fisher
Reasons why I'm bullish on AVAX (Avalanche)
1/ Vitalik thinks it's legit.
2/ $ETH Genesis account invested ~9k ETH. Strong ETH hodler.
3/ Charles Hoskinson thinks it's very interesting tech. “I think Avalanche has some merit as well, especially in the IoT [Internet of Things] space in Ava is going to be an interesting coin that comes out. And there's a lot of interesting ideas there.”
5/ The tech is here. Mainnet on Monday so you can actually test it with your own PC/VPS. 16m tokens circulating on day 1
6/ Oh, and it is fast (finality of 1- 2 seconds), decentralised as fuck (anyone can be a validator with little computing power) and secure (can only succumb to 80% attack).
7/ Their consensus is so good that XRP has built Flare Networks with it and BCH is experimenting with it to implement.
8/ Both seed and private investors have well vested lockups of 18 months. Testnet validators (1000 of them) don't get rewards for 1 year and must validate to earn those rewards. info.avax.network/#unlocking_schedule
9/ Clear incentive for everyone to not dump - investors, delegators and testnet validators since there is staking rewards for the next 10 years. All fees are burned too.
10/ Super team. Ted invented HotStuff which is what Facebook Libra uses, yet he decided to join Avalanche. I don't need to introduce Emin Gun Sirer.
11/High profile people with huge follower count have their eyes on it: Reddit co-founder, Firefox founder.
12/ It provides what Ethereum 2.0 can't provide: Ability to create additional subnets/blockchains which can be tailored to specific jurisdictions or requirements. Such as having only US validators, setting specific fee as validator or KYCd validator for that special subnet.
Lincoln Parker
One other thing, it has a very modular design. So you can build on solidity, Go, Rust or whatever the dev want to build the chain on. It also supports Ethereum virtual machine from day 1. It works byte for byte meaning the likes of metamask, remix and other cool Ethereum tools will work with no need to change code. I can only imagine Ethereum developers will give this a try since it's so easy and fees are crazy right now.
Avalanche team will airdrop Athereum (Avalanche EVM) tokens to all Eth holders too. With uniswap on everyone's minds, this will grab some attention.
Brayden Stewart
>not on uniswap
cringe bro
Jace Gutierrez
agreed it will be huge, it will hit 1b+ cap at some point, only thing i dont like about this is the supply, 700m+ total supply, still will do good though and will end up over 1-2b cap at some point
Joshua Adams
1/ Link? I've seen him express skepticism. I've seen him repeatedly say that PoS consensus is the easy part. The hard part is sharding which AVAX hasn't figured out either
4/ a16z, naval and balaji are anti-signals in crypto
12/ Why can't this be done with ETH? This could be done with a modified xdai or optimistic rollup chain
I'm extremely skeptical that they'll take significant market share from ETH, but we'll see.
Gavin Lopez
Checked but you didn't answer my question at all. Why take a gamble on an already high cap L1 in a field with intense competition (Algorand, Hedera, Polkadot, ETH2.0, Dfinity, Radix, etc etc) when you can just buy the L2 oracle that will work with whichever horse wins?
Even if you think it's the best L1, put that aside for a second, why is it a more sensible investment than a first mover with no competition?
Juan Anderson
>No they will use "x-coin-enterprise-project" and they will have their own network If I had a bitcoin for everytime I heard this...
Chase Lee
Its on binance already
Adrian Gonzalez
They are more focused on areas that aren't even covered yet over just 'ETH killer', more around defi, the founders goal is to put every single part of the financial world on AVAX
Carter Brooks
Theres band, tellor etc for oracles. Avax isnt just a dag, it is a whole new consensus for all blockchains
Brayden Jenkins
This is empty shilling, I expected more from AVAX. >theres band, tellor etc lmao
Bentley Miller
Litterally almost every top 500 company has experimented with blockchain, most havent really done anything with it due to ETH being public, infant stage, the list goes on, Avax is ready and will be able to solve all their issues that they had with the current solutions
Josiah Thompson
> band, tellor etc. topkek avax shills are confirmed jeets
Aww I hurt his Linkie feelings, band and tellor litterally do the EXACT same thing, if link didnt exist, others would take over, nobody is doing anything like what Avax is >empty shilling Clearly didnt watch the fucking video as Sergey sucks on Avax dick for a solid 30mins
