Buy Avalanche (AVAX), it’s easy!

What is AVAX? A DeFi protocol that allows the creation of smart contracts, tokens and NFTs. Follow its price on Young Platform

What is Avalanche?

It is a protocol for decentralised finance. Avalanche was launched in 2020 and – despite it being recent – is far from immature. On the contrary, the platform is very complete and competitive, so much so that it is often compared to Ethereum. Its strength is the great freedom of action left to developers, companies and end users. Avalanche allows the creation of smart contracts, tokens, NFTs and even blockchains within the platform. One of Avalanche’s aims is also to bring the real economy closer to blockchain technology by tokenising financial assets according to easily set rules.

Why buy AVAX?

The token that powers Avalanche is AVAX: a cryptocurrency that gives access to the platform’s many features. AVAX is used to pay transaction fees on all of Avalanche’s networks. Furthermore, by staking enough AVAX you can validate transactions, or they can be delegated to validators. So why buy AVAX? Mainly, to take advantage of a flexible and highly scalable ecosystem like Avalanche. Inflation is also controlled: fees in AVAX are burned, keeping the token scarce.

How was it created?

Behind the Avalanche project is Emin Gün Sirer, a Cornell University professor who has been studying cryptography for over 20 years. He is responsible for the Karma System, a protocol theorised to transfer files between users bypassing any centralised server. The study dates back to 2003 and is based on proof-of-work. More recently, Gün Sirer founded Ava Labs in New York: a company that launched the Avalanche project in September 2020. In the same month, the AVAX cryptocurrency was listed by a number of large exchanges, increasing in popularity and value in just a few months.

Stay up to date with the price of Avalanche

Price 24H
Change 24H
Daily High
Circulating Supply
Market Cap
Volume

Unlimited access to +1000 free content items

Get inspired by those who have made their passion a profession. New content available directly in your account every day.

Young Platform Academy

Buy Avalanche in 3 steps on Young Platform

Register and complete identity verification
Create an account for free, all you need is a selfie and an ID.
Top up your account with a bank transfer
Make a deposit by bank transfer or credit card.
Redeem the €10 bonus and enter the market
Buy, convert and store over 30 cryptocurrencies on Young Platform.

What is Young Platform?

Young Platform is the simple and secure European exchange already used by thousands of people to buy and sell cryptocurrencies. How many times have you told yourself: “the crypto market is interesting but I wouldn’t know where to start”? Young Platform makes your life easier with an easy and intuitive interface, free educational courses, news and tools for everyone. Opening a profile on Young Platform is free and only takes a few minutes.

Check out the Top movers

Take a look at the prices of cryptocurrencies that have reached higher volatility in the last 24 hours and catch market trends.

Read our disclosure before buying, selling or trading cryptocurrencies

Buy Avalanche