Does Avalanche have its own native token or cryptocurrency asset?
Yes, Avalanche has its own native token or cryptocurrency asset called AVAX.
AVAX is the native token of the Avalanche network and is used to pay for transaction fees, create and manage smart contracts, and incentivize validators. AVAX is an ERC-20 token built on Ethereum, but it can also be used on the Avalanche network. AVAX tokens are distributed through a series of airdrops and public sales.
The total supply of AVAX is fixed at 720 million tokens.
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