AVAX is a coin of Ava Labs cryptocurrency project and Avalanche platform, which provides tokenization of the project. Using AVAX, you can make payments and settlements within the project network, pay transaction fees, pay rewards, trade on cryptocurrency exchanges, and earn passive income from staking.
Avalanche is a decentralized blockchain platform based on smart contracts, designed to create DeFi applications, financial assets, and trading services. According to developers from Ava Labs, the product they are developing - Avalanche differs from competitors with high speed of transactions, which are confirmed in less than 1 second.
Due to the high transaction speed, the project is capable of becoming a global and secure asset exchange platform where any user can issue and/or trade assets.
Ava Labs plans to unite the huge, fragmented and often opaque asset trading market in a single solution. On the Avalanche network, users are able to create and run a variety of products, from blockchains to digital representations of any asset, and program smart contracts with the right parameters and requirements.
The AVAX token is traded on many crypto exchanges and is easy to buy and sell.