The Avalanche token (AVAX) performs various tasks within Avalanche's Proof of Stake blockchain network. The Avalanche token functions as a rewards and payment system for users. The network is designed to be an open-source platform for launching highly decentralized applications, enterprise deployments, and decentralized financial instruments. The Avalanche ecosystem is meant to be smore scalable and interoperable than other blockchain platforms. Unlike Bitcoin and many other networks, transaction fees are “burnt” in order to increase token scarcity. This process is offset by the release, or “minting,” of new coins.
Avalanche was launched by Ava Labs, whose founder Emin Gün Sirer is a veteran computer scientist that has been very influential in the Blockchain space. Gün Sirer is a computer science professor at Cornell University and has written extensively about scaling blockchain networks.

Blockdaemon is a blockchain infrastructure service company that focuses on deploying nodes for their clients. They assist their clients in setting up and managing networks for their DApps. Blockdaemon's node deployment tool allows users to easily deploy blockchan nodes on Bitcoin, Aion, and Stellar in a way that best suits their needs.

NULS is creating a blockchain coding environment that will be easy to use. NULS wants to make a blockchain development platform that will offer a solution for developing decentralized applications, at a lower cost and with less technical knowledge. The company has teams working in several countries and the platform is powered by the NULS token.
NULLS uses modular smart contracts that are flexible and can be customized for business needs. NULLS provides a coding environment where developers can utilize multi-chain mechanisms, cross-chain consensus, and other technical blockchain features with less technical knowledge.