AVA Token is the native token of Avalaunch, a decentralized fundraising platform (IDO - Initial DEX Offering) on the Avalanche ecosystem. Avalaunch is designed to support blockchain projects in raising funds efficiently, quickly, and securely, while providing users with the opportunity to participate in promising projects early.
Features of AVA Token:
1. Main role:
Staking: Users need to stake AVA to participate in IDOs on Avalaunch.
Ticket distribution: The amount of AVA tokens staked will determine the number of tickets you receive to participate in IDOs.
Transaction fees: Some fees on the platform can be paid with AVA.
2. Utility:
Participate in IDO: AVA Token is the key for users to gain access to new token sale events.
Rewards: Users who stake AVA can receive rewards from projects or from the Avalaunch ecosystem.
3. Outstanding features:
Support for new projects: Avalaunch focuses on supporting new projects within the Avalanche ecosystem, providing the necessary tools to reach the community and raise funds.
Fairness: The ticket distribution mechanism helps ensure that everyone has the opportunity to participate, minimizing the risk of "whale" manipulation.