Avail Launches Mainnet, AVAIL Tokens Staking Already!
2024-07-23Bittime - Data availability (DA) modular platform, Avail, has officially launched mainnet. So, AVAIL token holders can now start staking to provide security for the Avail network.
Avail Technology Advantages
Avail DA combines KZG's commitment and data availability sampling technology to provide an efficient and secure data availability layer for the blockchain ecosystem.
This technology has been integrated with five major Layer 2 ecosystems and supports decentralized networks with up to 1,000 validators. The use of KZG technology and data availability sampling allows Avail to offer a faster and more secure solution for handling data on the blockchain.
AVAIL Token: Native Token on Avail Network
The AVAIL token is the native token of the Avail network. This token is used to pay Avail DA fees and secure the network through a staking mechanism.
With the mainnet launch, AVAIL token holders can now stake, which will provide security for the thousands of blockchains ready to use Avail.
Benefits of Staking AVAIL Token
Staking AVAIL tokens provides several benefits for users and holders of AVAIL tokens such as:
- Network Security: By staking, users help secure the Avail network, which is essential for the smooth operation of the platform.
- Passive Income: Users who stake AVAIL tokens will receive rewards.
- Participation in the Ecosystem: Staking also allows users to actively participate in the Avail ecosystem, such as voting in important decisions that affect the future of the platform.
Facilities and Tools of Avail
Avail provides a variety of tools to support staking and use of the platform, including:
- Stake AVAIL: Users can access staking facilities via the staking page on the official Avail website.
- Avail Bridge: This tool allows users to easily bridge their assets across the Avail network, as well as supporting interoperability between various blockchains.
For further information and to start staking AVAIL tokens, you can visit the official Avail website.
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