Is AVAX a token?

AVAX is the primary token of the Avalanche network , though developers can issue their own tokens on its custom blockchains. The max supply of AVAX is 720 million tokens, half of which were created with the genesis block.

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Is Avalanche a cryptocurrency?

What is Avalanche crypto used for? The native token AVAX is a utility token . AVAX serves as the Avalanche ecosystem’s medium of exchange. In other words, the token is used as currency within the network, typically for fee collection in transactions, incentives and many other use cases.12 Şub 2022

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How do I get an AXS token?

Players will also be able to earn $AXS when they play various games within the Axie Infinity Universe and through user generated content initiatives . Players will be able to lock up their tokens to receive newly created AXS. Stakers will also be required to vote and play to claim rewards.

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How does AXS token work?

AXS is the governance token of Axie Infinity. It is thought of as the glue to connect all members in the Axie Infinity Universe . Users can earn AXS by playing Axie Infinity. AXS holders are able to claim rewards by staking, playing the game, or participating in governance activities.

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