What Is Avalanche (AVAX)? A CoinJar Guide to Buying AVAX Tokens

Avalanche (AVAX) is a and it is also a platform.

If you’re curious about AVAX and want to know how to buy it, you’ve come to the right place. In this article, we’ll explain what Avalanche is, how it works, and guide you through the process of buying AVAX tokens.

What is Avalanche (AVAX)?

Avalanche is an open-source blockchain platform designed for developers to create other blockchains and decentralized applications (dApps). Launched in 2020, Avalanche has a goal of being really fast while also being affordable.

Cool stuff on Avalanche

Here are some real-world examples of some interesting projects being built on Avalanche.

Lemonade Insurance

Small farmers in Kenya can struggle to get crop insurance. Thanks to Avalanche, an app called automates policies using smart contracts and weather-tracking oracles. (Oracles connect real-world data with a blockchain.)

Farmers sign up via their smartphones, paying just a few dollars. When adverse weather hits, thousands of Kenyan farmers receive automatic payouts, providing crucial financial support.

Some insurance companies are reducing coverage to farmers due to climate change effects, leaving some communities without protection. Lemonade Insurance aims to fill that gap, and because it is an automated process, it saves time and money.

Dreamus Ticketing

OK Cashbag is an app that runs on Avalanche. Owned by an entertainment company called Dreamus, it in South Korea.

Using the blockchain, OK Cashbag ensures that only genuine tickets are sold, it reduces scalping, and prevents counterfeiting.

So next time you front up to a K-Pop concert in South Korea, it could be Avalanche behind the scenes, making ticket transactions more secure.

Gunzilla

is an independent AAA game studio. AAA games are the blockbuster movies of the gaming world. These are high-quality video games created by big, well-established development studios and published by major companies.

When you play Gunzilla’s game, Off The Grid, which has been built on Avalanche, everything happens seamlessly, there are no annoying delays or waiting times. Also it has very low fees to play.

Players can save their in-game items they have earned (like guns and skins) as NFTs, or sell them on to other players. They can even rent them out! Thanks to the blockchain, players know exactly what they own.

How to buy Avalanche (AVAX) on CoinJar

If you’re interested in buying Avalanche (AVAX), CoinJar provides a straightforward process for acquiring AVAX. Follow these simple steps to get started.

Download the CoinJar App: Get the CoinJar app on either iOS or Android.

Create an Account: Sign up for a CoinJar account and complete the ID verification process. It only takes a few minutes.

Make a Purchase: Once your account is set up, you can buy AVAX and other cryptocurrencies by linking your bank account.

Payment Options on CoinJar:

Bank account transfer (ACH or Fedwire): Deposit funds into your CoinJar account or buy AVAX instantly using ACH.

Crypto-to-Crypto Conversion: Easily convert other cryptocurrencies to AVAX with a single click.

Buy Avalanche: Conclusion

Avalanche’s speed, scalability, and community-driven approach make AVAX a rather compelling choice for crypto enthusiasts. Whether you’re a beginner or an experienced trader, buying AVAX is worth getting on your radar.