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Mind Of Mav

Avalanche ($AVAX) Reviewed; Does It Rock? Will It Roll?


* AVAX is the native token of the Avalanche blockchain and is used to secure the network through staking, pay for fees, and provide a basic unit of account between the multiple subnetworks created on the Avalanche platform.

* As of May 2022, there are about 404 million AVAX outstanding (280M circulating, rest are subject to lock-ups).

* The maximum number of AVAX that can ever be minted is 720m

* The Avalanche network burns transactions fees, and has already burned 1.8m AVAX (i.e. lowering the theoretical “cap” to ~718m, which will continue to decline)

* Visit the Avalanche website or Avalanche stats page for more.

* Over 3 million unique wallets on the C-Chain and 600k+ monthly actives

* 400+ dapps

* 4th in TVL (total value locked) with over $5B

* Averaging about 800,000–1 million transactions per day (on par with Ethereum), having grown from ~15,000 in summer of 2021

* Among the fastest growing developer bases, and growing faster than Ethereum did at a similar point in time (source: Electric Capital Dev Report)

* Fee burning

* AVAX locked in validating / staking

1. Even though the C-Chain load temporarily dropped, Avalanche is still one of, if not the, best proof-of-stake protocol out there right now in terms of reliability and speed. So, it won’t be long before the C-Chain gets used up quickly again.

2. Subnets are fundamentally tied to Avalanche (more on this in the next section) + can decide to use AVAX as their gas token, which will continue to drive fee burning via AVAX.

3. Avalanche is a multichain system that is tied together by AVAX, and comparing only C-Chain metrics against other single chain metrics leaves out a large piece of the story.

1. Web 3.0 produces the same amount of applications as are currently on the App Store

2. 5% of those applications choose to build on a subnet (i.e. there are 100,000 subnets)

3. Each of those subnets are validated by (only) 5 validators

4. Each validator can validate 5 subnets


The ReadySetCrypto "Three Token Pillars" Community Portfolio (V3)

Add your vote to the V3 Portfolio (Phase 3) by clicking here.

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What is the goal of this portfolio?

The “Three Token Pillars” portfolio is democratically proportioned between the Three Pillars of the Token Economy & Interchain:

CryptoCurreny – Security Tokens (STO) – Decentralized Finance (DeFi)

With this portfolio, we will identify and take advantage of the opportunities within the Three
Pillars of ReadySetCrypto. We aim to Capitalise on the collective knowledge and experience of the RSC
community & build model portfolios containing the premier companies and projects
in the industry and manage risk allocation suitable for as many people as

The Second Phase of the RSC Community Portfolio V3 was to give us a general idea of the weightings people desire in each of the three pillars and also member’s risk tolerance. The Third Phase of the RSC Community Portfolio V3 has us closing in on a finalized portfolio allocation before we consolidated onto the highest quality projects.

Our Current Allocation As Of Phase Three:

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The ReadySetCrypto "Top Ten Crypto" Community Portfolio (V4)

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What is the goal of this portfolio? 

The “Top Ten Crypto” portfolio is a democratically proportioned portfolio balanced based on votes from members of the RSC community as to what they believe are the top 10 projects by potential.
This portfolio should be much more useful given the ever-changing market dynamics. In short, you rank the projects you believe deserve a spot in the top 10. It should represent a portfolio and rank that you believe will stand the test of time. Once we have a good cross-section, we can study and make an assessment as to where we see value and perhaps where some diamonds in the rough opportunities exist. In a perfect world, we will end up with a Pareto-style distribution that describes the largest value capture in the market.
To give an update on the position, each one listed in low to high relative risk:
SoV/money == BTC, DCR
Platforms == ETH, XTZ
Private Money == XMR / ZEC / ZEN
DeFi == MKR / SNX and stablecoins
It is the most realistic way for us to distill the entirety of what we have learned (and that includes the RSC community opinion). We have an array of articles that have gradually picked off one by one different projects, some of which end up being many thousands of words to come to this conclusion. It is not capitulation because we all remain in the market. It is simply a consolidation of quality. We seek the cream of the crop as the milk turns sour on aggregate.

Current Top 10 Rankings:



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