AVAV is a protocol deployed on the Avalanche blockchain, which aims to improve the deployment, minting, and exchange of ASC-20 tokens. ASC-20 tokens are exclusive to the Avalanche blockchain and adhere to the Avalanche Standard Contract-20. The ASC-20 standard introduces a new concept in the blockchain world, allowing for arbitrary data inscription on AVAX, the native token of the Avalanche blockchain. This innovation is similar to the groundbreaking potential seen in early developments like Bitcoin Ordinals. Avascriptions, an early adopter of the ASC-20 standard, provides a user-friendly platform for the creation, minting, and exchange of these tokens, representing a significant advancement in smart contract execution and innovation on the Avalanche network.
Avascriptions operates with a focus on simplicity and efficiency. For token deployment, users have access to a streamlined process that involves inputting crucial data such as tick, total supply, and limit. The minting process is equally user-friendly, with users able to navigate to the token details page, choose the ASC-20 token in progress, and select "avascribe." The transfer of tokens is also made seamless through the My Avascriptions page, providing users with the ability to specify the recipient address and quantity.
The platform's marketplace is designed for easy and convenient trading of ASC-20 tokens, further enhancing the user experience. Avascriptions introduces a Verified Badge System that acknowledges and rewards contributors based on their trading volume. This system features tiers such as ASC-20 Eco-Builder, ASC-20 Eco-Pioneer, ASC-20 Eco-Navigator, and ASC-20 Eco-Legend, adding an element of gamification while incentivizing active participation. Furthermore, Avascriptions offers a comprehensive index for ASC-20 token search, making it a one-stop solution for users engaging in the Avalanche blockchain ecosystem.
AVAV has a total supply of 1,463,640,000,000.
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