Avalanche Token vs The Graph Token vs Celer Network
What problem does this service solve?
Avalanche's goal is to enable a more secure and interoperable smart contract platform with faster transactions times. | The Graph aims to make it easier to querry blockchain data. | Celer Network's goal is to create a blockchain platform with improved liquidity and connectivity. |
Token Stats
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. | The Graph Token is the native currency of the The Graph ecosystem. Their goal is to create an indexing protocol for querying decentralized networks, and allow anyone to publish open APIs, called subgraphs, which will make this data more accessible. These subgraphs can be composed into a global graph, and can then be transformed, organized, and shared across applications for anyone to query with just a few keystrokes. | Celer Network is developing a layer-2 scaling platform that aims to enable fast and secure off-chain transactions and off-chain smart contracts. The Celer Network hopes to enable developers to create scalable DApps by increasing the off-chain functionalities of blockchains. |