Avalanche Token

by Ava Labs

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V Systems

by V Systems

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GoWithMi

by GoWithMi Technology PTE. LTD

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Avalanche Token

by Ava Labs

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V Systems

by V Systems

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GoWithMi

by GoWithMi Technology PTE. LTD

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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.V Systems' goal is to create the first object-oriented general purpose distributed database to enable more complex DApps.GoWithMi's goal is to create a more private and efficient geolocation service.

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.
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.

V Systems is a blockchain platform that was developed by Sunny King, the creator of Peercoin and Primecoin. Peercoin was one of the first Proof of Stake Coins, and V Systems is designed to improve upon the consensus mechanism with a better staking system.

GoWithMi is developing a decentralized location-based services (DLBS) infrastructure. GoWithMi aims to create a comprehensive geolocation network that will provide incentives for users to contribute location data, and will support cross-chain communication. The network is powered by the Ethereum-based GMAT token.

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