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.

CyberMiles is developing a decentralized ecosystem for e-commerce. Their blockchain platform will provide users a library of e-commerce focused smart contracts to develop DApps and will facilitate decentralized settlements between parties.
The Cybermiles blockchain will be optimized specifically for e-commerce exchanges and will maintain records of users' identities, credit histories, and reputation scores. Users will be able to enter into smart business contracts without human intervention.
The CMT token will power the CyberMiles e-commerce network

Penta is developing a blockchain platform that DApps can be built on. It will have a Dynamic Stake Consensus (DSC) algorithm to confirm transactions. The Penta network is currently powered by the Ethereum-based PNT token.