Discover Avail: The Game-Changer for Web3 Innovation

betswift

copper member

Activity: 280

Merit: 5

Quote from: nelson4lov on July 23, 2024, 05:59:16 PM

I think the rewards for integrating with BingX or any other exchanges will come from trading it and also from giveaways the exchange. ~~Avail itself is play-to-earn token which will be the main source of the rewards.~~ Reward from exchanges seem not certain.

Avail is not a play to earn token. It is a blockchain itself that provides Data Availability (DA) services to a ton of blockchain projects and services including:

Layer 2s.
Rollups
Actively Validated services (AVS)

.... And many more. The idea that avail is a play to earn token would be a misleading take. The avail token itself that went live earlier today is actually a governance token and can be staked with validators to earn staking rewards.

Thanks for the reply! As I saw on their website, I wouldn't think that it's a play to earn token as well, as their native token is to pay data availability fees and secure the network via staking.

CryptoGen65

newbie

Activity: 7

Merit: 0

Quote from: nelson4lov on July 23, 2024, 05:59:16 PM

Quote from: ?? on ??

I think the rewards for integrating with BingX or any other exchanges will come from trading it and also from giveaways the exchange. ~~Avail itself is play-to-earn token which will be the main source of the rewards.~~ Reward from exchanges seem not certain.

Avail is not a play to earn token. It is a blockchain itself that provides Data Availability (DA) services to a ton of blockchain projects and services including:

Layer 2s.
Rollups
Actively Validated services (AVS)

.... And many more. The idea that avail is a play to earn token would be a misleading take. The avail token itself that went live earlier today is actually a governance token and can be staked with validators to earn staking rewards.

I really appreciate you for correcting the notion about it.

nelson4lov

hero member

Activity: 2310

Merit: 832

🌀 Cosmic Casino

Quote from: ?? on ??

I think the rewards for integrating with BingX or any other exchanges will come from trading it and also from giveaways the exchange. ~~Avail itself is play-to-earn token which will be the main source of the rewards.~~ Reward from exchanges seem not certain.

Avail is not a play to earn token. It is a blockchain itself that provides Data Availability (DA) services to a ton of blockchain projects and services including:

Layer 2s.
Rollups
Actively Validated services (AVS)

.... And many more. The idea that avail is a play to earn token would be a misleading take. The avail token itself that went live earlier today is actually a governance token and can be staked with validators to earn staking rewards.

betswift

copper member

Activity: 280

Merit: 5

Quote from: ?? on ??

As the ecosystem evolves, Avail's robust framework will undoubtedly play a pivotal role in shaping the future of secure, efficient, and scalable blockchain solutions. Excited to see how it integrates with platforms like BingX and influences the broader crypto landscape

I do think that there would be no problem integrating the platform with many more trading giants, the main question is will the hype behind its core ideas shape the innovativeness of the project and its development, so that people using it would be rewarded for staying in?

betswift

copper member

Activity: 280

Merit: 5

Seems interesting and the website for the project looks comfy. However, I don't like the term "game-changing", as many use it just for baiting out new people into something new, even if it's not that revolutionary. I will take a look at the project and, hopefully, it will deliver Wink

CryptoGen65

newbie

Activity: 7

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Avail is transforming Web3 with its fast, secure data availability layer using KZG commitments and erasure coding. Nexus boosts inter-chain communication through proof aggregation and sequencer coordination. Fusion Security empowers assets to secure protocols and scale crypto-economic security rapidly.

Key Features of Avail

Avail ensures data availability with KZG commitments and redundant storage for added security. Light clients enhance decentralization and verification without full nodes. Data Availability Sampling (DAS) combines light clients, validity proofs, and erasure coding for high data availability. As a base layer, Avail supports scalable, trust-minimized applications.

Curious to see Avail in action? Share where you’re exploring it!

Topic: Discover Avail: The Game-Changer for Web3 Innovation (Read 94 times)