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What is Avalanche (AVAX)?

Discover the key facts about Avalanche (AVAX).

What is Avalanche (AVAX)?

Avalanche is an open, programmable smart contracts platform for decentralized applications. AVAX is the native token of the Avalanche platform.

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About Avalanche

Avalanche is a layer one blockchain that serves as a platform for decentralized applications (aka dApps) and custom, layer two blockchain networks. Avalanche’s transaction output of up to 6,500 transactions per second is higher than many blockchains, including Ethereum and Polkadot. Its mainnet launched in 2020.

How AVAX Works

As the native token of the Avalanche blockchain network, AVAX can be used to secure the blockchain and pay transaction processing fees on the network. It also functions as a unit of account across the custom blockchains in the Avalanche network. The total supply of AVAX is 720 million. 

AVAX can be purchased from numerous leading cryptocurrency exchanges.

Donate AVAX to Support a Charitable Organization 

Did you know that donating cryptocurrency is a highly tax-efficient form of giving that also supports mainstream crypto adoption? Even donating a small portion of your crypto can make a major difference in helping a cause that you’re passionate about. 

We’re on a mission to make crypto one of the greatest forces for good. That’s why The Giving Block can process charitable donations in hundreds of cryptocurrencies.

Now that you know more about Avalanche and AVAX, learn how you can donate AVAX to thousands of nonprofit organizations via The Giving Block’s crypto donation platform.

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Looking for more information about donating AVAX and other cryptocurrencies? Subscribe to The Giving Block’s email newsletter for weekly updates on Crypto Philanthropy.

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