Which cryptosystem is infinitely scalable? Which platform delivers the fastest transaction speeds? And which project guarantees the most decentralized system? Since the Ethereum blockchain experiences limitations in transaction speed and volume, the battle to develop the platform that does not impose restrictions in those areas has erupted. Avalanche, like many others in the fray, is a blockchain pursuing this goal. What makes the Avalanche Ecosystem so attractive and which popular projects can you find on this blockchain? You can read all about it in this blog.

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• View quickly
• What is Avalanche (AVAX)
  • Characteristics of Avalanche Ecosystem
  • What about the AVAX coin
• Projects on the Avalanche ecosystem
  • 1. Trader Joe (JOE)
    • Trader’s roadmap #JOE
• How do I buy JOE?
  • 2. Benqi #QI
    • Benqi’s road map
• How do I buy BENQI?
  • 3. Snowball #SNOB
    • Snowball road map
  • 4. Pangolin
    • Pangolin’s Roadmap
• How do I buy Pangolin?
• Conclusion

 

What is Avalanche (AVAX)

Before we dive into the promising projects, let’s briefly tell you what Avalanche actually is. The Avalanche ecosystem is a platform for platforms. They offer an open-source blockchain, on which developers can shape their own platform to their heart’s content. To offer developers as much space as possible, and a platform that is as reliable as possible, the Avalanche protocol uses three different blockchains. These are the X-chain, the C-chain and the P-chain, each with its own function.

• X-chain is the exchange chain, on which developers can easily develop without restrictions;
• C-chain stands for the contract chain. Thanks to this blockchain, you as a developer can transfer your Ethereum dApps to Avalanche;
• P-chain is the platform chain. This controls the staking of tokens and is used to control validators.

 

Characteristics of Avalanche Ecosystem

Avalanche is unique for several reasons, but ultimately it is the combination of the factors below that ensures success. In the battle for the best functioning platform, the Avalanche Ecosystem offers the following:

• An incredibly high transaction speed of more than 4500 transactions per second. Bitcoin can process a paltry 7 transactions per second;
• The ecosystem is scalable;
• And due to the interoperability between the different blockchains, heavy and complex applications can run on the network.

If you want to know more about the Avalanche Ecosystem, read the technical explanation for beginners about the Avalanche blockchain. Do you find blockchain interoperability an interesting topic? Then take a look at Quant Network, which I also find an interesting project. With this brief introduction, we now dive into the interesting projects on the Avalanche blockchain.

Do you want to know what Avalanche (AVAX) is? Matt explains it to you in the video below from AllesOverCrypto.

 

What about the AVAX coin

You can buy the Avalanche coin (AVAX) on Bitvavo and at Bitcoinmeester. The issuance of AVAX is fixed at 720 million tokens, which will be used to pay fees on the platform. Because there is interoperability on Avalanche and an integration with MetaMask, they have an edge over competitors. In addition, it is trading without limits at top speed.

Avalanche (AVAX) ranks 13th in CoinMarketCap’s rating, as you can see here. In several financing rounds, the team behind this coin raised $ 18 million dollars, but this milestone was later surpassed by the $ 42 million they raised with the sale of AVAX.

 

 

Projects on the Avalanche ecosystem

“Digitize all the world’s assets” is the mission of Avalabs, the publisher of Avalanche. And they do this by offering the broadest possible development platform. Avalanche is the fastest smart contracts platform in the blockchain industry and has the most validators, so that proof-of-stake activities can also be performed according to protocol. The Avalanche ecosystem lends itself extremely well to DeFi projects, such as insurance, loans and decentralized transactions.

But art collectors can also enjoy themselves on this blockchain. Publish your own art, or buy your favorite artwork. The blockchain ensures the smooth exchange and digital proof of ownership. The ecosystem also offers a good basis for governments and institutions, with document tracking and digital identity playing an important role in day-to-day business.

 

 

 

Source: Avax-projects.com

1. Trader Joe (JOE)

Let’s start with Trader Joe (JOE). At the time of writing (October 2021) it is in the top 6 of the top gainers and thanks to its innovative solutions, this project has a lot of potential. Trader Joe is the leading DEX (Decentralized Exchange) right now, built on the Avalanche Blockchain. Although the project is still relatively new, it is already your one-stop decentralized trading option on the Avalanche Ecosystem.

What is so unique about this project is the combination of various services. You can not only trade there, but also borrow, stock and farm. Because the range is so wide, Trader Joe is able to increase capital at a rapid pace. Over the past month, the price of (JOE) has surged as shown in the historical price chart below.

 

Trader’s roadmap #JOE

What awaits us? It is of course always a matter of time, because it is and remains only an expectation. Trader Joe’s (JOE) roadmap looks promising, as you can see below. They have the ambition to become the number 1 in DeFi trading. The first two steps have now been completed, which means that we are now in phase 3 of the roadmap. The focus is on researching and developing limit orders and other optional developments.

 

 

Source: traderjoexyz.com

 

The issuance of the tokens started in July 2021 and will last until January 2024. It is a very stable release schedule, so there will be no peaks in the supply. The project has a leading position, with the development of the ecosystem also receiving a boost. The main concern will be to retain the users and grow the number so that the intended rollout can also become a reality.

 

 

Do you want to buy #JOE? View the step-by-step plan below, but please note: always do your own research! For example, watch their instructional videos, so that you have a good idea of all the ins and outs of the project.

 

How do I buy JOE?

JOE is not currently supported by any exchange. It is therefore not possible to buy the JOE coin. You can buy other good cryptocurrencies at Bitvavo. We currently think this is the easiest exchange to buy crypto.

1. Register here for free at Bitvavo
2. Verify yourself by clicking on your name in the top right corner and then go to ” Verification “.
3. Transfer money via iDeal. You do this by clicking on ” Deposit Euros “.
4. Then enter the amount and choose iDeal as payment option so that the money is in your Bitvavo account within a minute. Then click on “Pay”.
5. If you click on ” Overview ” afterwards, you will see the money.
6. Find a cryptocurrency, click on it and then press “Buy”.
7. Invest the amount you have in mind in the coin.
8. Congratulations! You have bought your first cryptocurrency!
   Don’t forget to save your username and password

2. Benqi #QI

The second project I want to share with you is Benqi (QI). Benqi is a true pacesetter on the Avalance Ecosystem, which is also in the top ten at the time of writing (October 2021). Benqi (QI) is an algorithmic liquidity market protocol, or: a crypto on the liquidity market.

Although this project has only just started, it is already going very well. The price trend since launch has been relatively stable, but the value is currently increasing as you can see below. Please note: this does not mean that you will automatically make a profit if you invest your money in Benqi (QI). Always immerse yourself in the crypto world before you invest your money somewhere.

 

Benqi’s road map

Benqi allows users to borrow, lend and earn interest. This project supports the DeFi market in their own way, namely by simplifying access to decentralized finance. “The full rollout of the coins will be achieved by 2024, so the roadmap is in sync with Trader Joe’s in that sense. In the first two weeks after launch, $2 billion in assets had already been delivered.

This project has three milestones planned, one of which is now live, namely the Lending & Borrowing Protocol. The other two launches, liquid staking & Future DeFi Protocol, are still pending and are still in development.

Do you want to invest in #QI? Do your research and follow the step-by-step plan below when you have made your choice:

 

How do I buy BENQI?

Buying BENQI on Gate.io is a piece of cake. Within a few steps you can already be the proud owner of QI.

1. Sign up here for free at Gate.io
2. Tap Wallets at the top
3. Search for Bitcoin (BTC) or Tether USDT (whichever currency you need to buy BENQI at Gate.io
4. Click Deposit
5. Copy the address
6. Create a free account on Bitvavo via this link
7. Deposit money into your Bitvavo account via iDEAL
   Click here for more information about Bitvavo if you need it
8. Buy Bitcoin or Tether and then send it to the deposit address you copied.
9. Wait until the crypto coins are on Gate.io
10. At Gate.io, press Markets at the top, choose BTC Markets or USDT Markets and search for QI
11. Purchase the desired amount of BENQI.

3. Snowball #SNOB

The third project I mention is Snowball (SNOB), which is synonymous with a ball that rolls down a mountain, taking all sorts of extras with it on its way down. This project combines multiple DeFi protocols, creating an interconnected experience. You can of course swap stablecoins, but Snowball is also the first auto-compounder on the Avalanche Ecyosystem. The advantage in this case is that you really pay ZERO gas fees at Snowball and that it is made for Trader Joe (JOE) & Benqi (QI) for example. That’s right! Numbers 1 and 2 in this list.

You can view the price development of the SNOB token on the Pangolin exchange; also the next project in our list. As always, there are ups and downs in the world of crypto, which is entirely due to the volatility of the market. At the time of writing, the price of SNOB is $0.87, so do your research and see if this is a project you want to invest in.

 

 

Snowball road map

The roadmap of this initiative covers much of this year, as you can see in the image below. Many important milestones have already been achieved and yet there are more to come! For example, on-chain governance was launched last quarter. This allows you, as an SNOB holder, to help decide on the future of Snowball. Nothing as powerful as a user-controlled platform, fantastic!

 

 

Source: snowball.network

 

4. Pangolin

Pangolin was developed by AvaLabs. A recently launched decentralized exchange for Ethereum (ETH) and Avalanche (AVAX). Low transaction costs and trading in a fraction of a second, democratic distribution and a transparent distribution model are the pillars of this platform. It is striking that the same model is used as with UniSwap. However, UniSwap has become many times more expensive in a short time, due to overloading of the Ethereum Blockchain.

As with Snowball, users who own the native token #PNG can vote for the future of the initiative. The token was launched in early 2021 and has already experienced quite a few peaks and troughs. You can see the price development of Pangolin (PNG) below:

 

Pangolin’s Roadmap

For starters, the project announced in August (2021) that you can now buy #AVAX with your credit card or Apple Pay. This makes trading so much easier, so keep the upgrades coming! In addition, the PNG token is available on Gate.io & Bitmart, but this will expand according to Pangolin itself.

There will be four more launches in October and November of this year, but they are now known as Mystery CEX #1, -#2, -#3 and #4. It is clear that Pangolin is aiming for a stable place in the DeFi landscape. We’ll see if it comes to that; are you talking about this in our community on Facebook?

 

Have you done your research and are you convinced of #PNG’s perspective? Follow the step-by-step plan below and buy:

 

How do I buy Pangolin?

Pangolin is currently not supported by any exchange. It is therefore not possible to buy the PNG coin. You can buy other good cryptocurrencies at Bitvavo. We currently think this is the easiest exchange to buy crypto.

1. Register here for free at Bitvavo
2. Verify yourself by clicking on your name in the top right corner and then go to ” Verification “.
3. Transfer money via iDeal. You do this by clicking on ” Deposit Euros “.
4. Then enter the amount and choose iDeal as payment option so that the money is in your Bitvavo account within a minute. Then click on “Pay”.
5. If you click on ” Overview ” afterwards, you will see the money.
6. Find a cryptocurrency, click on it and then press “Buy”.
7. Invest the amount you have in mind in the coin.
8. Congratulations! You have bought your first cryptocurrency!
   Don’t forget to save your username and password

Conclusion

Avalanche is gaining ground in the race for the platform with the fastest transaction speeds, best scalability and pure decentralization. And that is not surprising, because the network is incredibly powerful due to its interoperability with other blockchains. More and more developers are using the Avalanche Ecosystem to roll out their projects. You can also deduce this from the wonderful projects we have discussed above. It is a powerful top four, but time will tell which projects really have a future.

There is a good chance that we will increasingly encounter crypto projects that use Avalanche in the future. It is incredibly easy to switch from Ethereum (ETH) to Avalanche. In this way, Avalanche hopes to be able to compete with Ethereum, and then of course win it. Yet in the crypto world we never know whether something will actually become successful. In any case, Avalanche is and will remain one of the projects that we will keep an eye on in our groups on Discord in the near future.

Do you have any questions about Avalanche Ecosystem or other concepts that came up in this story? In our FAQ you will find the answers quickly and easily. What also works well is to google your question + ‘AllesOverCrypto’. There is a good chance that we have already written an article in the past about the subject that you would like to know more about. Do you want to talk more about how Avalanche blockchain works? Register quickly with our AllesOverCrypto Facebook group! Here, our crypto and blockchain experts are ready to answer your questions. Will I see you there?

Header image: https://www.avax.network/