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What is Avalanche blockchain?

Avalanche went live in September 2020 and has since become one of the largest blockchains. It has over $11 billion total value locked in its protocol, according to data from Defi Llama, making it the fourth-largest DeFi-supporting blockchain after Terra and Binance Smart Chain.

How does the Avalanche platform work?

By distributing jobs over many chains, the Avalanche platform can fulfill the golden trinity of blockchain qualities — decentralization, security, and scalability. The Exchange Chain (X-Chain) is the blockchain that allows Avalanche assets to be created and traded.

What is the Avalanche multiverse?

The initiative, the Avalanche Multiverse, will incentivize developers to create fully-customizable, application-specific networks on the Avalanche blockchain. Theoretically, subnets could allow entire crypto networks, like Bitcoin or Ethereum, to exist on Avalanche, while still using their own cryptocurrencies.

What is Avalanche token?

AVAX, the native token of the Avalanche platform, is used to power transactions in its ecosystem. AVAX serves as the means to distribute system rewards, participate in governance and facilitate transactions on the network by paying fees. How Does Avalanche Work?

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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