What is AVAX coin?

Avalanche (AVAX) is a cryptocurrency and blockchain platform that rivals Ethereum . AVAX is the native token of the Avalanche blockchain, which—like Ethereum—uses smart contracts to support a variety of blockchain projects. 1. The Avalanche blockchain can provide near-instant transaction finality.

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Is AVAX a coin or token?

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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