Topic: 📢 AVA - From the Creator of the 1st PoW Coin 📢 - page 3. (Read 4215 times)

I can see why people can get confused and it would be nice to get an official AVAX team member to clarify these things for us.
From what i can gather is...

So on ICO were sold 72 mln tokens?      Yes

 Are this tokens include private sale as well?  No
4.1.2 Distribution Details
Purchaser Distribution (15.96% of total supply):

Seed Sale. This sale was completed in February of 2019, where a total of 18M tokens were sold. Tokens were sold at a price of approximately $0.33 per token. The implied fully-diluted mainnet valuation of this sale was $120M. These tokens were sold to help initiate the development of the Avalanche codebase.
Private Sale. This sale was completed in May of 2020, where a total of around 24.9M tokens were sold. Tokens were sold at a price of $0.50 per token. The implied fully-diluted mainnet valuation of this sale was $180M. These tokens were sold to distribute AVAX and build staking infrastructure.
Public Sale Option A1, Public Sale Option A2, and Public Sale Option B. These tokens are allocated for the current public sale, where at most 17M tokens will be sold. Since Public Sale Option A1 and Public Sale Option B take from the same pool of 12M tokens, public purchasers will decide the final percentages of each allocation. On other hand, in order to allow for a fair and equitable distribution of tokens, Public Sale Option A2 will have its own dedicated pool of 60M tokens. Public Sale Option A1 and Public Sale Option A2 tokens will be sold at a price of $0.50 per token, and Public Sale Option B will be sold at a price of $0.85 per token.

Or why in total 360 mln? This is the minted amount.

But whats about total supply? its 720mill



Seriously though i wouldnt worry about any of this...just like ETH ico prices are a non issue even though it has an infinite supply.
I would look at the rank on cmc, the tech and the dev team...and it cant be any clearer, AVAX is undervalued.

So on ICO were sold 72 mln tokens? Are this tokens include private sale as well? Or why in total 360 mln? (As I understood rest of 720 mln (so another 360 mln for mining). But whats about total supply?

The total supply of 720 will not be mined/created for over 100 years.

Circ supply is what gives coins their mcap.

The circ supply currently is 24mill and will increase to 72mill over the next 4 years as coins from ico get unlocked.
The next unlock is for another 24mill around 22nd Dec 2020.  
There is 360mill minted and that includes the 72mill from ico.
The 72mill coins can be staked and will earn from the remaining pool of 288mill AVAX.


https://info.avax.network/#economics

https://files.avalabs.org/papers/token.pdf

Majority of the remaining coins that will be unlocked are for private investors, so dont expect them to sell straight away.

Also think of how much coin is not for sale right now due to staking....
530 active validators
1,861 active delegations
TOTAL STAKE 260,860,375.29 AVAX
STAKING RATIO 72%
https://avascan.info/staking/statistics

As i said before AVAX is just beginning , with more partnerships, users building on AVAX and people investing...
IMO AVAX is seriously cheap and i will keep buying if it drops, DCA all the way.
 

oh, did i mention burn? yea AVAX burns aswell lowering the total supply.

Currently only 24 mln in circulating out of 360 mln total supply and 720 mln max supply. So its just 1/15 of total supply on the market. Mcap too high. With total supply it will be: 80m * 15= 1.2 bln usd. Price can drop more after unlock...

$3.30  Great time to top up your AVAX stack , alot of good stuff will be coming regularly for next few weeks and months.  

https://www.youtube.com/watch?v=S4q4J8PF8hI&feature=emb_logo
Good interview about BCH, ABC the possible fork then a
nice endorsement from Roger at 1hr30min for AVAX ...

He missed the AVAX ico, was hoping to get some cheaper lol
He likes the tech, but is waiting for it to be up and running  (btw it is up and running)


Buy em before Roger does 

A few thoughts on AVAX....

After spending a week using AVAX along with many others.
Im sure i am not the only one that has discovered how advanced AVAX is when comparing to other blockchains.
Im enjoying using, learning and earning crypto again...

With each passing day i discover more possibilities with AVAX that simply cannot be done with other coins.
It reminds me of when i first began learning how to mine BTC, or how to create my own erc20...
with AVAX, i can validate, choose how to delegate, make my own asset and use it or AVAX as a super low fee, high throughput instant send currency.
It can do so much more for example https://athereum.avax.network
and things i cant even think of, which makes this imo the most exciting project in crypto today.

For the first time in years for me, most coins before AVAX feel inferior, they feel old, dated.

Combined with a very fast growing helpful community and a great dev team,
 it makes AVAX refreshing in what was becoming a tired looking space.

 

I very rarely invest in coins when they're recently been listed on major exchanges but I definitely think AVAX has great potential so I just bought 100 of them as a long term investment and I'll be closely following the project and its progress

Thanks for the reply of my post, well it's looks interesting, Im looking for this kind of project that offers innovation, I just saw with the same patter of project, which is I already tried and use right now >> https://bitcointalksearch.org/topic/idena-is-the-first-proof-of-person-blockchain-5194871 that one has an amazing type of validation process, they've called it a "Proof of Person" validation. Well I am looking forward and of course will bag few of this coin. 

It could be the lowest price for the AVAX coin, now it's back up to $ 4.5 USD. AVAX coins are trading at $ 10 USD for several months, maybe buying now can potentially get 100% profit.

Exactly

BTC > ETH > AVAX

Last project this easy to call was ETH

Its not ERC20 or POW.

It has its own coin and tech...and is seriously impressive powerful stuff.
I have been using it and its super fast, instant send,faster than an email, fastest coin ive ever used.

POS , validate or delegate to earn AVAX.
To validate and earn you need minimum 2k AVAX
To become a delegater and earn you need minimum 25 AVAX

https://avascan.info/staking/validators
https://avascan.info/staking/delegations

With so many people wanting to validate or delegate the supply on AVAX is shrinking real fast.
Grab as much as you can of this fantastic coin.

I always saw this thread but never tried to enter yntil today i just saw that their features has a lots of potential, Anyway Im just asking about this coin? Is it ERC20 or is it able to mine like other POW coin alike?

I agree with you, no matter what AVAX under 4 is a good deal. I see AVAX as a top 10 market cap coin in future so accumulating AVAX is something I'm working on and hope that this price range will last a bit so I can fill my bag a bit more. DCA is a good approach to tokens and coins like AVAX that have bright long term future.

Don't forget that you can stake your AVAX. You can run your own node ( if you have 2k+ AVAX ) or you can delegate your AVAX to another person. You can delegate with 1 click . All details here - https://medium.com/avalabs/staking-avax-by-validating-or-delegating-with-the-avalanche-wallet-f4d9adc182a6

$3.50 for 1 AVAX  

Right now this must be the best crypto bargain i can think of.
Ignore what BTC is doing to the markets and get as much AVAX as you can.
This is the coin that gives people that chance that they missed 10 years ago with BTC and 5 years ago with ETH...to get in low and hodl.


Fill those bags up and DCA if it drops. These cheap prices wont last long 100% guaranteed

I believe AVAX has a great potential to be top 10 CMC token in the long term.Listing on Binance and price action on the opening day was also a good indicator of that theory. I will personally hodl and wait, AVAX will surely be a disruptor in the market.


Instead of me writing too much I saw a great summary from one Twitter user about AVAX so I will share it here with you and would love to hear your thoughts.

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Author: Dan McBor ∀

Reasons why I'm bullish on AVAX (Avalanche)

1/ Vitalik thinks it's legit.
https://t.co/dFWzjzcRBU

2/ $ETH Genesis account invested ~9k ETH.  Strong ETH hodler.
https://t.co/KVHIcHQ0r5

 3/ Charles Hoskinson thinks it's very interesting tech.
 “I think Avalanche has some merit as well, especially in the IoT [Internet of Things] space in Ava is going to be an interesting coin that comes out. And there's a lot of interesting ideas there.”
 https://t.co/W8zzOtBUYz
 4/ a16z, Bitmain, Metastable, Naval, Balaji (former coinbase CTO) invested.
 https://t.co/5w1c4Yotwa
5/ The tech is here. Mainnet on Monday so you can actually test it with your own PC/VPS. 16m tokens circulating on day 1

6/ Oh, and it is fast (finality of 1- 2 seconds), decentralised as fuck (anyone can be a validator with little computing power) and secure (can only succumb to 80% attack).

 7/ Their consensus is so good that XRP has built Flare Networks with it and BCH is experimenting with it to implement.
  XRP- https://www.coinspeaker.com/ripple-ceo-flare-network-xrp-eth-avax/amp/?__twitter_impression=true
  Bitcoin ABC- https://youtu.be/2RYerlHyb7E
8/ Both seed and private investors have well vested lockups of 18 months. Testnet validators (1000 of them) don't get rewards for 1 year and must validate to earn those rewards.
https://info.avax.network/#unlocking_schedule
9/ Clear incentive for everyone to not dump - investors, delegators and testnet validators since there is staking rewards for the next 10 years. All fees are burned too.

10/ Super team. Ted invented HotStuff which is what Facebook Libra uses, yet he decided to join Avalanche. I don't need to introduce Emin Gun Sirer.
Ted Yin- https://twitter.com/el33th4xor/status/1169250595376640000

11/High profile people with huge follower count have their eyes on it: Reddit co-founder, Firefox founder.
Reddit founder : https://twitter.com/alexisohanian/status/1306667202708373504
Firefox founder: https://twitter.com/BrendanEich/status/1306384668409831424

12/ It provides what Ethereum 2.0 can't provide: Ability to create additional subnets/blockchains which can be tailored to specific jurisdictions or requirements. Such as having only US validators, setting specific fee as validator or KYCd validator for that special subnet.

One other thing, it has a very modular design.  So you can build on solidity, Go, Rust or whatever the dev want to build the chain on. It also supports Ethereum virtual machine from day 1. It works byte for byte meaning the likes of metamask, remix and other cool Ethereum tools will work with no need to change code.  I can only imagine Ethereum developers will give this a try since it's so easy and fees are crazy right now.

Avalanche team will airdrop Athereum (Avalanche EVM) tokens to all Eth holders too. With uniswap on everyone's minds, this will grab some attention.

From September 23, OKEx exchange launches margin trading with zero commission on AVAX, with x75 leverage, as well as an unlimited swap with margin will be connected https://www.okex.com/support/hc/en-us/articles/360050000251

Btw - Now Circ. Sypply is only 16.7kk The next unlock is in 3 months. And Also we will see Coinbase soon i think. Coz Andreessen Horowitz ( one of the main AVAX seed investors ) now in Coinbase Board of Directors.

it looks like you have a good crystal ball:

https://www.binance.com/en/trade/AVAX_USDT

Has already been listed on binance

Max Supply: 720,000,000 AVAX

well, i will find money to invest in this project, it seems to be a good bet. it's been a few weeks now that I observe that I observe this project