Binance Alpha launches 1-3 projects daily, bustling with activity, but to be honest, there are not many that are truly dedicated to building the ecosystem for Web3.
Today, let's talk about @AvailChina, this low-profile modular blockchain that is doing great things.
On the 20th, it went live on Binance Alpha and held a $1 million trading competition (ending on July 4), definitely giving away benefits!
Avail (@AvailProject) is a modular blockchain platform focused on data availability and cross-chain interoperability.
It has secured $75 million in funding from top institutions, with over 10 chains already operating within its ecosystem, including Lens, Sophon, Space and Time, Lumia, and more than 50 additional chains poised to launch.
Avail's core technology and competitive advantages
• Turbo DA: Efficient data availability
Avail's Turbo DA technology significantly reduces Rollup costs by optimizing data storage and verification.
• Avail Stack: Developer-friendly full-stack ecosystem
Avail Stack integrates DA, light client validation, and cross-chain interoperability tools to provide developers with a one-stop solution.
• Avail Nexus: The bridge for cross-chain interoperability
Nexus utilizes zero-knowledge technology to achieve seamless connections between multiple chains, supporting cross-chain transactions and data sharing among ecosystems like Ethereum, Solana, and Cosmos, providing limitless possibilities for Web3 applications.
• Avail state collaboration and RWA potential
Avail collaborates with five major Ethereum Rollups such as Arbitrum, Optimism, Polygon, and over 100 partners, covering DeFi, SocialFi, RWA, and other tracks.
AVAIL token, the “fuel” of the ecosystem
The AVAIL token runs throughout the Avail ecosystem, possessing both functional and governance value, with main uses including:
• DA and transaction fees: To pay for data storage and cross-chain transaction fees.
• PoS security: Staking ensures the mainnet's security, with community validators and stakers maintaining it together.
• Nexus cross-chain: Supports cross-chain messaging and interoperability.
• Incentive mechanism: Provides stakers with an annual yield of 8%-12%, and some ecosystem projects airdrop native tokens to AVAIL holders.
Why are we optimistic about Avail?
Avail is not the kind of vapor project that appears on Binance Alpha and disappears; it is genuinely laying the foundation, building roads, and creating an ecosystem for Web3. With solid technology, a reliable team, and a rapidly growing ecosystem, plus the traffic boost from Binance Alpha and the million-dollar trading competition, the momentum of AVAIL is quite strong.
