توكنوميكس Avalanche (AVAX)

Avalanche (AVAX) is the native token of the Avalanche network, designed to secure the network, pay for transaction fees, and incentivize participation. Below is a comprehensive breakdown of its token economics, including issuance, allocation, usage, incentives, locking, and unlocking mechanisms.

Issuance Mechanism

• Initial Supply: 720 million AVAX at genesis.
• Staking Rewards: Up to 360 million AVAX (50% of initial supply) allocated for staking rewards, distributed to validators and delegators over time.
• No Hard Cap: While the initial supply is fixed, AVAX is inflationary due to ongoing staking rewards, but the emission rate can be adjusted via governance.

Allocation Mechanism

Usage and Incentive Mechanism

• Staking: Validators must self-stake at least 2,000 AVAX; delegators can stake a minimum of 25 AVAX. Staking secures the network and earns rewards.
• Transaction Fees: All network fees are paid in AVAX and are burned, reducing circulating supply over time.
• Governance: AVAX will be used for on-chain governance, allowing tokenholders to vote on network parameters (not yet live as of Nov. 2024).
• Incentive Programs: AVAX is used for ecosystem incentives, such as liquidity mining (e.g., Avalanche Rush), airdrops, and testnet rewards.

Locking Mechanism

• Staking Lock: Staked AVAX is locked for a minimum of 2 weeks and a maximum of 1 year.
• Vesting Schedules: Most allocations (team, foundation, partners, airdrops) are subject to multi-year vesting with periodic unlocks.
• Airdrops & Incentives: Some airdrops and incentive rewards are subject to lockups (e.g., 1-year lockup for testnet rewards).

Unlocking Time

• Foundation: 10-year quarterly vesting starting from December 9, 2020, with each unlock event releasing 1,666,800 AVAX.
• Team: 4-year vesting.
• Community & Development Endowment: 1-year vesting.
• Strategic Partners & Airdrop: 4-year vesting.
• Public Sale A1: 1-year vesting, quarterly unlocks, 10% at mainnet.
• Public Sale A2: 18-month vesting, quarterly unlocks, 10% at mainnet.
• Public Sale B: No lockup.

Example Unlock Schedule (Foundation)

Additional Notes

• No Superusers: There are no privileged accounts that can alter balances or transactions.
• Dynamic Fees: Avalanche uses a dynamic fee mechanism to adjust transaction costs based on network congestion.
• DeFi Growth: As of June 2025, Avalanche’s DeFi TVL reached approximately $1.5 billion, reflecting strong ecosystem adoption.

Summary Table: AVAX Tokenomics

Avalanche’s token economics are designed to balance long-term network security, ecosystem growth, and fair distribution, with robust mechanisms for staking, vesting, and dynamic fee adjustment.