Updated 26th July 2024, 16:00 UTC: Token allocation.
Avail is a unification layer solving blockchain fragmentation at scale. It’s a fundamental layer of modular blockchain infrastructure connecting blockchains and enabling users to execute bridgeless transactions.
AVAIL plays a foundational role in paying for network services, contributing to security via staking and participating in Avail network governance.
Avail DA is now live on mainnet. If you have AVAIL tokens and want to learn more about how you can use them, check out this AVAIL token getting started guide.
AVAIL Powering the Unification Layer
The Avail Unification Layer consists of Avail DA, Nexus and Fusion which together form a unification layer for web3 that addresses blockchain scalability, interoperability and security. AVAIL is a key part of the Avail Unification Layer used in Avail DA, Nexus and Fusion.
Avail DA
Avail DA provides a foundation for Avail’s unification layer addressing rollup and blockchain scalability. Rollups and blockchains cannot scale without access to abundant data availability blobspace. It’s one of the fundamental blockchain scaling bottlenecks and addressing this resolves many long standing blockchain scalability constraints.
L2s looking to implement the same advanced technology in their own blockchains that is planned for Ethereum’s danksharding roadmap, like validity proofs and data availability sampling can use Avail DA.
Integrating with Avail DA is done with a few lines of code. Developers can then leverage Avail DA’s core features immediately and stream their modular blockchain’s transaction data to it, giving them a hyper-scalable blockchain foundation.
Avail DA is compatible with any execution environment including all the major rollup stacks like those from Arbitrum, Optimism, StarkNet, zkSync and Polygon. As a general purpose DA layer it also integrates with non-EVM execution environments.
Avail Nexus
Avail Nexus is the key to unification providing interoperability between multiple blockchains. Built on top of Avail DA, it processes cross-chain transactions, enabling users to access multiple blockchains on demand without manual bridging. End-users do not even need to know their transactions are going through Avail Nexus to use it, as it gets implemented into user apps directly.
AVAIL Staking
Anyone can stake AVAIL to secure the Avail Unification Layer and receive staking rewards.
Avail DA Staking
Avail DA is designed to support entire networks of L2s and blockchains from different ecosystems. Avail token stakers will secure chains for a variety of use cases including web3 gaming, DeFi, AI, RWAs and more.
By nominating Avail tokens to validators and/or nomination pools for staking, Avail DA stakers provide blockchains with the crypto-economic security they need to thrive. In return, token stakers receive staking rewards.
Avail Nexus Staking
Developments in shared sequencing, MEV, and proof-aggregation, all contribute towards the performance of Nexus through its open sequencer marketplace. Sequencers looking to submit transaction batches to Nexus will stake AVAIL to increase the chances of their transaction batches being included. The sequencer’s performance is rewarded in the chain token or AVAIL and poor performance penalized.
The sequencer selection process also acts as a quality signal to L2 developers. Those with high AVAIL staked and quality performance metrics on Nexus are more likely to be chosen by L2 developers.
Avail Fusion Staking
Multiple crypto-assets will pass through Avail Nexus, so substantial crypto-economic security is required to protect them. Avail Fusion utilizes multi-asset staking to secure the infrastructure powering Avail’s unification layer.
AVAIL plays a crucial role in securing the Avail network. Additional security is added via native tokens of established crypto assets like BTC, ETH and others. Fusion stakers receive AVAIL as rewards for staking.
Avail Governance
The AVAIL token will play an important role in Avail’s network governance. Avail is adopting a phased approach to governance and you can learn more about the current phase here.
Avail Token Holders
The success of the Avail ecosystem depends on the active participation and support of the Avail community, which is why the AVAIL token distribution has been structured to allocate as much as possible to the Avail community.
Over 65% of the AVAIL token allocation will be dedicated to the community through the Unification Drop (6%), Public Allocation - Future Initiatives (6%), Ecosystem Development (30%), and Community & Research (23.875%) categories.
The exact percentages of the AVAIL token allocation are:
- Unification Drop: 6%
- Public Allocation (Future Initiatives)**: 6%
- Ecosystem Development: 30%
- Community & Research*: 23.88%
- Investors: 14.12%
- Core Contributors: 20%
By allocating a substantial portion of AVAIL tokens to the community, we aim to ensure that the majority of the tokens are in the hands of those who will actively contribute to the growth and development of the Avail ecosystem.
*Community and Research category to be distributed by the Avail Foundation.
** The Public Allocation (Future Initiatives) category is unlocked but not circulating. It will be allocated to community initiatives that are subject to governance approval, facilitated by the Avail Foundation. This allocation will become part of the circulating supply as it is allocated in future public initiatives. This category wallet can be tracked for transparency at Public Allocation - Future Initiatives Wallet.
AVAIL’s Self-Sustaining Loop
Multiple factors contribute to the overall system design and use of AVAIL in the Avail Network architecture. AVAIL, the native asset of the Avail network, plays a critical role at different levels throughout the network to create a self-sustaining loop. Use cases not described here may also be added over time.
To keep up to date with the latest developments follow us on X.
For more AVAIL token details check out the developer documentation.
Disclaimer: The information provided in this blog post is for educational and informational purposes only. It should not be construed as financial advice or a recommendation to invest in any cryptocurrency. Cryptocurrency investments carry inherent risks, including the potential loss of principal. Always do your own due diligence and invest responsibly.
The AVAIL token address on the Ethereum is: 0xeeb4d8400aeefafc1b2953e0094134a887c76bd8
