What is Avalanche (AVAX)

1. Project Introduction
Avalanche is an open-source platform for building decentralized applications within a highly scalable, interoperable ecosystem. The platform is composed of three blockchains: the Exchange Chain (X-Chain), the Contract Chain (C-Chain), and the Platform Chain (P-Chain). X-Chain handles asset creation and transfer, C-Chain runs smart contracts, and P-Chain coordinates validators and subnets. This modular structure enhances scalability and throughput by distributing tasks across dedicated chains. Avalanche was launched in September 2020 by Ava Labs in New York.
Summary: Avalanche is a highly scalable and interoperable smart contract platform built with a multi-chain architecture.
2. Team & Investment Info
Team:
Emin Gün Sirer, Co-founder and CEO of Ava Labs, former Associate Professor at Cornell University.
Kevin Sekniqi, Co-founder of Ava Labs.
Maofan "Ted" Yin, Co-founder.
Funding:
September 2021: Raised $230 million in a private token sale led by Polychain and Three Arrows Capital.
July 2020: Public token sale raised $42 million.
June 2020: Raised $12 million in a private sale led by Bitmain and Galaxy Digital.
February 2019: Secured $6 million in funding from a16z and Polychain.
3. Social Media URLs
X: https://x.com/Avax
Blog: https://www.avax.network/blog
YouTube: https://www.youtube.com/Avalancheavax
4. Token Info
Token Symbol: AVAX
Total Supply: 720,000,000
Issuance/Burn Mechanism: Deflationary model
Contract Address: https://explorer.avax.network/
Token Distribution:
Staking Rewards: 50%
Team: 10%
Foundation: 9.26%
Public Sale Option A2: 8.3%
Community and Development: 7%
Others: 6.94%
Strategic Partners: 5%
Private Sale: 3.5%
5. Related Links
Official Website: https://www.avax.network/
Docs: https://docs.avax.network/
LinkedIn: https://www.linkedin.com/company/avalancheavax
Other Info: https://www.rootdata.com/Projects/detail/Avalanche?k=MjUw