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.

Lisk is a blockchain-based platform that allows developers to build and publish their own applications. Lisk uses sidechain development kits, that are written in Javascript, to enable users to create their own blockchain applications according to their needs. Each decentralized App runs on its own sidechain that can be customized, and is connected to the Lisk blockchain, which has a Delegated Proof-of-Stake (dPoS) consensus mechanism. The Lisk network is powered by the LSK coin.

Nebulas is an innovative project that aims to be the first blockchain search engine. It has been called the “Google for Blockchains." They want to build a self-evolving blockchain system that is based on incentives and will also provide a development infrastructure. The company developed two concepts to achieve their goal: Rank and Force. Similar to Google's PageRank, Nebulas Rank will be a measure of overall value for blockchains. While Nebulas Force, will be a solution that will support smart contracts, and will be able to adapt to market demands. This will prevent forking from occurring because new technologies can be incorporated and bugs can be fixed without changing the underlying code. The development system will provide all of the essential tools needed to create distributed applications. One of the key components of the platform is the incentive structure that has a Developer Incentive Protocol (DIP) and a Proof of Devotion (PoD) protocol that will reward users with Nebulas tokens to create quality applications. Nebulas was created by Hitters Xu, who is also the founder of NEO, and is an important figure in the Chinese blockchain community.