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AVAIL Price

(AVAIL)

Note: This cryptocurrency has not yet been officially listed on KuCoin Thailand.

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AVAIL (AVAIL) Live Price Chart

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    AVAIL(AVAIL) Profile

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    ATH
    $0.24392357
    Price Change (1h)
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    Price Change (24h)
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    Price Change (7d)
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    Market Cap
    24h Volume
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    Circulating Supply
    3.93B
    Max Supply
    10B

    About AVAIL

    • What Is Avail (AVAIL) Crypto?

      Avail (AVAIL) is a modular blockchain project designed to improve blockchain scalability, interoperability, and security. It acts as a unification layer for Web3, addressing issues like rollup fragmentation and data availability. The project, led by Polygon's former co-founder Anurag Arjun, focuses on ensuring the availability and ordering of transaction data, which helps prevent malicious activity and enhances blockchain efficiency.

      Avail uses a three-layer approach:

      1. Data Availability (DA) Layer: Ensures data availability and supports scalable modular chains.
      2. Nexus Layer: Aggregates proofs and sequences transactions, ensuring permissionless verification.
      3. Fusion Security Layer: Provides security by pooling various tokens to bolster the network’s cryptoeconomic security.

      Avail aims to unify different blockchain ecosystems by integrating these layers, making cross-chain transactions smoother and more secure.

    • How Does Avail Web3 Infrastructure Layer Work?

      Avail’s data availability layer ensures that all transaction data is available and verifiable. This is crucial for both optimistic and ZK rollups to prevent fraud and maintain operational integrity.

      Light clients perform random checks on small parts of the block data. This ensures data is present without needing to download the entire block, which saves bandwidth and improves efficiency.

      Avail uses erasure coding to spread data across multiple shards. This means if some data is lost, it can be reconstructed from the remaining shards, ensuring data integrity.

      KZG commitments are cryptographic proofs that make it computationally infeasible for malicious actors to hide any part of the data. This enhances security and reduces the need for fraud proofs.

      The Nexus layer aggregates proofs and sequences transactions, making it easier to verify and process data across different rollups and blockchains. The fusion security layer pools various tokens to enhance the overall security of the Avail network, supporting a wide range of assets from different blockchains.

    • History of Avail Network and AVAIL Coin

      The Avail network was co-founded by Anurag Arjun and Prabal Banerjee, both of whom have strong ties to Polygon. Anurag Arjun played a key role in the development of the Polygon protocol and later focused entirely on Avail, making it an independent entity in 2023.

      The project was first announced in 2020 and introduced to the public in 2021. Avail raised $27 million in seed funding in early 2024, with significant backing from investors like Peter Thiel’s Founders Fund and Dragonfly Capital.

      Avail’s roadmap includes three key phases:

      1. Data Availability (DA) Layer: This foundational layer ensures all transaction data is available and verifiable.
      2. Nexus: A layer that aggregates proofs and sequences transactions to support various rollups and blockchains.
      3. Fusion Security: This layer enhances security by pooling different tokens, providing a comprehensive security solution for the network.
    • What Is AVAIL Token Used for?

      The $AVAIL token serves several key functions within the Avail blockchain ecosystem:

      1. Staking: You can stake AVAIL tokens to help secure the network. Validators and nominators who stake their tokens earn rewards for their participation and efforts in maintaining the network's security and data availability.
      2. Transaction Fees: AVAIL tokens are used to pay transaction and bridging fees within the network. This ensures the network remains self-sustaining and that participants are incentivized to maintain its operations.
      3. Incentives: The tokens provide incentives for participants, such as developers and testnet contributors, to engage with and support the Avail ecosystem. For example, rewards can be earned through participation in testnets and development activities.
      4. Trade AVAIL on KuCoin: Trade $AVAIL coin against other cryptocurrencies listed on the KuCoin Spot Market to make the most of changing market conditions and volatility. Based on your research and risk tolerance, you can buy, sell, or HODL AVAIL in your portfolio.
    • What Is Avail Tokenomics?

      Avail has a total supply of 10 billion tokens. The tokens are distributed over five years. 20% were distributed in the initial public offering (IPO).

      The AVAIL token allocation is as follows:

      • Public Allocation: 12%
      • Ecosystem Development: 30%
      • Community & Research: 23.88%
      • Core Contributors: 20%
      • Investors: 14.12%

      The network has a 5% annual inflation rate to provide continuous rewards for staking and securing the network.

    FAQ

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