Avalanche (AVAX)

Avalanche is a decentralized Layer 1 network and smart contract platform that facilitates the creation of dApps, public and private blockchains, subnets, customizable virtual machines, and more.

Meet With Us to Stake AVAX

Figment Validator Address:

NodeID-2QkqmQatgiw5v6otZehA7dZxUKKp8tB7e

Market Cap

$2.7B

Staking Reward Rate*

6.67%

Price

$6.25

Auto-Compounding

No

Reward Frequency

End of Staking Term

Activation

Immediate

Withdrawal

None

Slashing Penalties Enabled

No

*Staking Reward Rates (SRR) vary based on network conditions, delegation size, and infrastructure optimizations. Contact our team to explore your potential rewards.

Why Stake Avalanche With Figment?

• The Avalanche mainnet launched on September 21, 2020
• Shared security through Relay AVAX fees are burnt, drastically decreasing Avalanche’s supply with higher levels of adoption
• AVAX is hard capped asset with only 720,000,000 AVAX
• Is EVM compatible and provides native dApp portability
• Avalanche enables rapid transaction speeds with low fees and high transactions per second
• Avalanche Warp Messaging (AWM) is an interoperability primitive that leverages BLS Signatures that allows any two subnets to send and verify arbitrary messages

Avalanche Staking FAQ

What is the name of the asset being staked? What is being used for?+

The native token on Avalanche is called AVAX.

What is the AVAX token used for?+

At the base level, the AVAX token will be used for:

• rewarding validators for validating on the default subnet
• paying for transaction fees on the default subnet
• creating a new subnet or blockchain
• sending an asset to the X-Chain
• on-chain governance participation.

How long does it take to unstake?+

The delegator chooses the length of their staking period in their staking transaction, at the end of which rewards and principal and rewards are automatically returned. A staking period can last from two weeks to one year.

What are the asset(s) that I earn for staking?+

AVAX tokens are rewarded for validating on the “default” subnet. Future subnets may reward validators and stakers in another asset.

How are rewards disbursed?+

Validators do not distribute the rewards to delegators as this is done at protocol level by Avalanche in an automated way.

Which wallet has the highest SRR to stake from?+

There is no highest SRR wallet. The Avalanche wallet is the best wallet to use. You can alternatively use the AVAX Ledger wallet.

What affects future rewards?+

The reward rate is not a fixed parameter, since token holders can determine the emission rate. The emission rate depends on several factors: the percentage of the total supply staked by the node, the duration of the stake (using a minimum of two weeks and a maximum of one year), node uptime, and node latency. AVAX’s emission rate depends on how much of it is staked. If the staking ratio is only 50%, the supply grows at a slower rate and it will take much longer to reach the 720 million coin hard cap (the staking ratio is currently just below 70%).

Can my staked AVAX be slashed (seized or destroyed)?+

There will be no slashing on the default subnet. Avalanche does not slash nodes’ stakes if they behave maliciously — they simply do not receive a reward. That being said, future subnets are able to set their own slashing penalties.

Do I maintain custody of my AVAX tokens?+

You maintain custody of your AVAX at all times. There is no bonding or unbonding period.

How are decisions about the Avalanche made and executed?+

Avalanche does not have governance. Avalanche is run and controlled by the core team.

Can validators choose to validate on any subnet?+

All validators on Avalanche must validate on the “default subnet”. This subnet consists of three chains:

• Platform Chain – This chain stores the network metadata (i.e., what subnets and blockchains exist, who is validating what, etc.).
• Exchange Chain – This chain supports asset creation and trading.
• Contract Chain – This chain is an Ethereum Virtual Machine instance that runs on Avalanche’s Avalanche consensus.
  Asides this requirement, validators are free to choose which subnets they want to validate on, and they do not have to run multiple nodes to validate on multiple subnets unless it is a requirement by the subnet.

What is the total supply of the AVAX token?+

The total supply of the AVAX token is 720 million.