Avalanche, a new blockchain protocol and cryptocurrency backed by Cornell’s Emin Gün Sirer, will finally go live in a few days.
According to an announcement, Avalanche will roll out the full mainnet on Monday, Sept. 21.
With the mainnet launch, the Avalanche (AVAX) token, the platform’s native token, can be listed on crypto exchanges, although Ava Labs did not specify which ones.
As previously reported, the AVAX token will serve as a tool to secure the Avalanche network through staking, pay for operational fees, transfer value peer-to-peer and create new networks. Once the mainnet goes live, data about the AVAX token will be available on major token explorers like CoinMarketCap, a representative at Ava Labs said.
Alongside the Avalanche network, Ava Labs will also launch an open-source platform for building decentralized finance applications and enterprise blockchain tools. With the launch, Ava Labs aims to solve major DeFi issues like over-congestion on the Ethereum network by providing a highly scalable