Avalanche
AVAX
Avalanche is designed high-performance, low-cost financial applications. Users can easily establish custom token and digital asset ecosystems, enabling secure and cost-effective transactions. The platform's objective is to provide an open, powerful, and secure foundation for financial applications. Notably, fees on Avalanche are burned instead of directed to validators, enhancing the scarcity of AVAX. This scarcity is balanced by a minting process, ensuring the network's longevity.
You can find the link to the block explorer below:
Staking Guide
Validator Address
| Type | Address |
|---|---|
Node ID | NodeID-C6zVv1ab5JKn2j8DDCGWGai9jgWhmpLVA |
Beneficiary | P-avax1gjallayagh29gpmscal0t57ggw62pappvvqhv6 |
Performance
Luganodes validator performance can be tracked here.
Staking Mechanics
| Metrics | Details |
|---|---|
Reward Frequency | Rewards are distributed all at once at the end of the staking duration (2 weeks to 1 year) |
Auto-compounding | No |
Penalty | No |
Slashing | No |
Stake Lockup | None |
Unbonding Period | None |
Last updated
