Once a week I will find a coin with a real purpose, do some research on it, and write up a Lean Letter for you to view. I will not be schilling coins without a purpose. Only real coins that I see fit into this innovative, ever-changing space.
While the markets are bloody, on a fire sale, let’s take a look at a coin that is a steal under $100- Avalanche.
What is Avalanche?
Avalanche, with the ticker AVAX, is deemed the fastest smart contract platform in the blockchain industry. This platform is labeled as an “Ethereum killer”. You can deploy private and public applications on this technology, depending on your needs.
The ecosystem hosts tons of different applications; these range from Decentralized Finance apps, NFTs, stablecoins, and many other use cases. The network mainnet was launched in September of 2020. Since then, AVAX has taken the crypto world by storm. There has been a total of 600k burned AVAX as of this writing. You can stake AVAX to secure the network and help process transactions.
How can you obtain AVAX?
AVAX is supported across the main exchanges. You can find this on Coinbase, Kucoin, Bybit, Binance, or anything else that is supported in your area. The token has a set number that will ever be released, and it is also deflationary. You usually use the token to pay for fees while making transactions across the ecosystem. For instance, swapping AVAX for JOE or buying an NFT.
You can hold AVAX in your metamask, stake it on TraderJoe, or stake it on the Avalanche website. All three of these have different use cases.
What is Avalanche’s role?
Like we mentioned before, Avalanche is the world’s fastest blockchain created yet. Have you ever tried to use Ethereum and noticed the ridiculous fees, failed transactions, and just pure frustration? This is where Avalanche can save the day. While Avalanche does not have the same social sentiment from the retail market that Ethereum does- the crypto DeFi farmers are heavy in Avalanche.
Avalanche actually has three sub-chains in the primary network.
X-chain has a main use case in creating and exchanging assets.
P-chain coordinates validators and creates subnets.
C-chain executes the smart contracts.
Avalanche transaction speed allows thousands of transactions per second.
In one year, Avalanche is up 285% as an investment.
BTC declines below $45K after the U.S. Fed points to a possible rate hike in March. Read More
Stock market news live updates: Stock futures open flat after Fed minutes prompt sell-off. Read More
Drone Racing League Zooms Into Metaverse, Bringing ‘Play to Earn’ to Algorand. Read More
Coinbase - Know someone curious about crypto? You’ll both receive $10 in Bitcoin when they buy or sell $100 or more on Coinbase!
Hacking the Twitter Algorithm - Your first step solution to growing your Twitter account.
Index Fund Investing 101 - Learn how to index completely autonomous in the stock market.
DeFi Cultivator - This set of videos will go through a few core concepts along with demos of swaps, liquidity pools, farms, and more.
Too Much Money - This guide takes you step-by-step through the way I personally invest for dividend growth. It works the same way whether you have $100 or $100,000 dollars making this an approachable book for growing your income.
How You Can Reach Financial Independence In 5-10 Years! - Route2Fi is going to show you the steps he is taking to reach financial independence, and now he is going to teach you to do the same!
You are receiving this letter because you signed up or purchased a course through me. Feel free to unsubscribe if you do not find this valuable.
Nothing in this email is intended to be financial advice. Always do your own research.