Avalanche Token

by Ava Labs

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DAEX

by DAEX Foundation

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Alethio

by ConsenSys

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Avalanche Token

by Ava Labs

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DAEX

by DAEX Foundation

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Alethio

by ConsenSys

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What problem does this service solve?

Avalanche's goal is to enable a more secure and interoperable smart contract platform with faster transactions times.DAEX's decentralized clearing system increases the security of centralized crypto exchanges.Alethio makes it easier for users to understand the transactional dynamics of the Ethereum blockchain.

Token Stats

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Company Description

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.

DAEX is developing a decentralized cryptocurrency clearing ecosystem that will improve the underlying infrastructure of centralized exchanges. DAEX aims to solve many of the security and privacy issues related to centralized cryptocurrency exchanges by providing a secure digital asset storage service for developers and trading platforms. Their ecosystem is powered by the Ethereum-based DAX token.

Alethio is an Ethereum analytics platform that allows users to access indexed blockchain data in real time. It can be used to gain insights about Ethereum transactions, smart contracts, and DApps. Alethio is a ConsenSys portfolio company.

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