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22820780 No.22820780 [Reply] [Original]

Ok so I have seen Avax going under the radar here, despite it already getting on binance almost straight out of the gate. This thread is the redpill.

You can watch these
https://youtu.be/q-SzVFyddqE
https://youtu.be/bNQXWYjSi3U

Founded by Emin Gun Sirer, a PHD professor at cornell whi has been working on cryptocurrencies since 2003 before satoshi. Making a while new type of consensus, going after a whole different area of finance to current cryptos just as debt instuments, etc. Highly scalable and fast transactions with no problems, mainnet is already built.
Price right now is around 4.80, ico price was back in june/july around 50c, which given the summer pump is still cheap and given the project is alot further along now also, just watch both those videos, you will se how fucking big this is, this will be a top 10 crypto

>> No.22821001

Can't believe biz will pass on a potential top10 for shitcoins. Just like UMA, Biz will miss out on another ship

>> No.22821111

>>22820780
1% unlocked, VCs have 40x’d in less than two years; presalers are sitting on nearly a 10x on paper. Refer to the algorand sale to see what happens next

>> No.22821167

>>22821111

This. It’s like Biztards never learn their lesson. AVAX is another moonproof coin like Algo. Yeah Tokenomics is a meme but when literally 95% of the supply is owned by team / private investors.

>> No.22821202
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22821202

>>22820780
If I stake my locked tokens are the rewards also locked?
Also, what's the staking reward?
Got 50k unlocked and 50k locked for 18 months. Also 4k locked for a year from the testnet.
Unironically hoping to retire from this alone, even though I allso have 10m rsr and 10k link.

>> No.22821215

>>22821111
this
Avax is going sub 2$ within 3/4 weeks

>> No.22821442

fuck off shills

>> No.22821463

>>22821111
>>22821167
In a years time, inflation will be negligible.

Even if you calculate it's market cap with the full 360m coins, it's still extremely undervalued

>> No.22821552

>>22821111
>>22821167
Youve been watching too many youtube shills, here is the supply unlock schedule. 0 AVAX is even released untill Q1 next year, you are all saying link will be 100 EOY and you think this will stay 100m cap by end of year?

Yes supply will be diluted alot, this isnt some pajeet Algo coin. Fucking watch the videos and learn. This will be bigger than UMA

https://avascan.info/supply

>> No.22821577

>>22821111
Same Terrible misinformation in every thread. I wonder why you are trying so hard Anon you aren't going to get Cheap AVAX

14% unlocked now and it will take 10 years to unlock the full 360mil
Vesting Periods
Foundation (10 years vesting)
Team (4 years vesting)
Community & Development Endowment (1 year vesting)
Strategic Partners (4 years vesting)
Airdrop (4 years vesting)

>> No.22821595

Vcs got in 0.30, everyone else at 0.50 like I said in the OP. Do the math, its more like 4-6x. Which given the market since the start of the year is alot less than any relevant coin

>> No.22821616

>>22821577
so buy in 10 years when the massive inflation is over... got it.

>> No.22821619

>>22821111
The team slowly selling off their coins instead of selling it off all at once doesn't really matter. It's the same thing, it's just as VC as all other coins which had ICOs.

In a year, the inflation from coin releases will be negligible.

>> No.22821621

>>22821577
t. 500k algo holder

It feels good being right

>> No.22821649

>>22821111
checked, not touching this garbage until it drops under $2

>> No.22821650

No... this is a Fantom board

>> No.22821651

Why buy a high cap L1 in a congested field when you can just buy Chainlink which will work with whichever L1 succeeds?

>> No.22821681

UMA presale was 26c, now it is 10$, if you are put off buying a coin of this magnitude because it went 4x from presale you will stay poor

>> No.22821777

>>22821651
Avax can work with anything. Watch the video. Heres one example of its use and how chainlink actually needs Avax.

Lets say you want everyone in your network to be compliant with US law, using Avax you can set that parameter. Or lets say you want your data only to be in a geographical location, or you want a set amount of network power. With all other chains like ETH, you just get ETH thats it. You think a company is going to put all their data out there to the world and be at the mercy of the next crypto kitties? No they will use AVAX and they will have their own network

>> No.22821791

>>22821167
algo ico price was 2.4$ and it dumped hard once listed on exchanges. avax pumped hard.

>> No.22821828

>>22821791
You can even see the chart how anyone who would of sold their ICO profits is already out and now we are growing.

>> No.22822452

Reasons why I'm bullish on AVAX (Avalanche)

1/ Vitalik thinks it's legit.

2/ $ETH Genesis account invested ~9k ETH. Strong ETH hodler.

3/ Charles Hoskinson thinks it's very interesting tech.
“I think Avalanche has some merit as well, especially in the IoT [Internet of Things] space in Ava is going to be an interesting coin that comes out. And there's a lot of interesting ideas there.”

4/ a16z, Bitmain, Metastable, Naval, Balaji (former coinbase CTO) invested.

5/ The tech is here. Mainnet on Monday so you can actually test it with your own PC/VPS. 16m tokens circulating on day 1

6/ Oh, and it is fast (finality of 1- 2 seconds), decentralised as fuck (anyone can be a validator with little computing power) and secure (can only succumb to 80% attack).

7/ Their consensus is so good that XRP has built Flare Networks with it and BCH is experimenting with it to implement.

8/ Both seed and private investors have well vested lockups of 18 months. Testnet validators (1000 of them) don't get rewards for 1 year and must validate to earn those rewards.
https://info.avax.network/#unlocking_schedule

9/ Clear incentive for everyone to not dump - investors, delegators and testnet validators since there is staking rewards for the next 10 years. All fees are burned too.

10/ Super team. Ted invented HotStuff which is what Facebook Libra uses, yet he decided to join Avalanche. I don't need to introduce Emin Gun Sirer.

11/High profile people with huge follower count have their eyes on it: Reddit co-founder, Firefox founder.

12/ It provides what Ethereum 2.0 can't provide: Ability to create additional subnets/blockchains which can be tailored to specific jurisdictions or requirements. Such as having only US validators, setting specific fee as validator or KYCd validator for that special subnet.

>> No.22822479

One other thing, it has a very modular design. So you can build on solidity, Go, Rust or whatever the dev want to build the chain on. It also supports Ethereum virtual machine from day 1. It works byte for byte meaning the likes of metamask, remix and other cool Ethereum tools will work with no need to change code. I can only imagine Ethereum developers will give this a try since it's so easy and fees are crazy right now.

Avalanche team will airdrop Athereum (Avalanche EVM) tokens to all Eth holders too. With uniswap on everyone's minds, this will grab some attention.

>> No.22822513

>not on uniswap

cringe bro

>> No.22822567

agreed it will be huge, it will hit 1b+ cap at some point, only thing i dont like about this is the supply, 700m+ total supply, still will do good though and will end up over 1-2b cap at some point

>> No.22822588

>>22822452
1/ Link? I've seen him express skepticism. I've seen him repeatedly say that PoS consensus is the easy part. The hard part is sharding which AVAX hasn't figured out either

4/ a16z, naval and balaji are anti-signals in crypto

12/ Why can't this be done with ETH? This could be done with a modified xdai or optimistic rollup chain

I'm extremely skeptical that they'll take significant market share from ETH, but we'll see.

>> No.22822623

>>22821777
Checked but you didn't answer my question at all. Why take a gamble on an already high cap L1 in a field with intense competition (Algorand, Hedera, Polkadot, ETH2.0, Dfinity, Radix, etc etc) when you can just buy the L2 oracle that will work with whichever horse wins?

Even if you think it's the best L1, put that aside for a second, why is it a more sensible investment than a first mover with no competition?

>> No.22822643

>>22821777
>No they will use "x-coin-enterprise-project" and they will have their own network
If I had a bitcoin for everytime I heard this...

>> No.22822683

>>22822513
Its on binance already

>> No.22822748

>>22822588
They are more focused on areas that aren't even covered yet over just 'ETH killer', more around defi, the founders goal is to put every single part of the financial world on AVAX

>> No.22822774

>>22822623
Theres band, tellor etc for oracles. Avax isnt just a dag, it is a whole new consensus for all blockchains

>> No.22822802

>>22822774
This is empty shilling, I expected more from AVAX.
>theres band, tellor etc
lmao

>> No.22822819

>>22822643
Litterally almost every top 500 company has experimented with blockchain, most havent really done anything with it due to ETH being public, infant stage, the list goes on, Avax is ready and will be able to solve all their issues that they had with the current solutions

>> No.22822843
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22822843

>>22822774
> band, tellor etc.
topkek avax shills are confirmed jeets

>> No.22822871

>>22822802
Aww I hurt his Linkie feelings, band and tellor litterally do the EXACT same thing, if link didnt exist, others would take over, nobody is doing anything like what Avax is
>empty shilling
Clearly didnt watch the fucking video as Sergey sucks on Avax dick for a solid 30mins

>> No.22822928

>>22820780
-_- you said this will fix the ethereum congestion.

Why didn't every single token and their dog switch to AVA's network if you can copypaste the code seamlessly? WELL?
Retards.

If you could have pulled off what Sushiswap did with Uniswap then you'd be golden, but you're just a bunch of losers.

>> No.22823001

>>22822928
At this point, just DYOR or stay poor, litterally 90% of fudders here completely miss the point of what Avax is actually going to do, the only semi relevant fud is the high max supply, which has already been addressed, the only other reason not to buy is if you hate money

>> No.22823299

>>22822871
> watch videos
> learn about x project
> it's vaguely connected to chainlink goy
> muh academic
> in crypto before satoshi but didn't figure out timestamped transactions
> eth killer
kek

>> No.22823304

>>22823001
At least 40% of the fudders fud AVAX to accumulate cheap. It's the /biz/ way

>> No.22823345

>>22823304
we used to before satsgang shills ruined /biz/ with food cryptos
>>22823001
> dyor or stay poor
classic satsgang shill script. Going to pass on avax thanks

>> No.22823460

>>22822588
>Link?
https://twitter.com/i/status/1229840830275477505

>> No.22823488
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22823488

>>22823001
> don't buy if you hate money
satsgang detected

>> No.22823613
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22823613

>> No.22823619
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22823619

ITT satsgang shills had three years to buy LINK (ticker: LINK) and didn't so now they're stuck in a 2017 mindset with "going to be huge" "get in early" and "dyor or stay poor" because they failed to research during the Great Bear

>> No.22823661
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22823661

>> No.22823687

>>22820780
>Price right now is around 4.80, ico price was back in june/july around 50c

>> No.22823731
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22823731

>>22823687
> insiders have accumulated low and are ready to dump on you
kek color me shocked

>> No.22823787

>>22822567
You're actually so retarded. It won't reach 720m coins for decades, maybe even a century.

After 1 year the supply emission will be negligible and won't really affect the price of the coin.

You guys are all stupid

>> No.22823840

>>22823787
> muh tokenomics argument
> reddit spacing
> Trust me goy I'm satsgang
kek it's not 2017 anymore faggot. your silo mindset is outdated. New projects coming up don't even have a token.

>> No.22823879
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22823879

>>22823787
Oh no no no! People are not listening better insult them then they'll buy my random shitcoin and I get to eat curry again tonight

>> No.22824358
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22824358

>> No.22824513
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22824513

>Emin Gün Sirer
Cornell CS Prof, has been in crypto since BEFORE BTC, called out DAO hack before it happened, recognized the importance of Chainlink from early on, was mentioned in the Town Crier Whitepaper and is the Number 2 in Cornells IC3 (Ari Juels is number 1), Vitalik endorses him.

>Avalanche protocol
The third consensus protocol after PoW and Classical Protocols. This is not repackaged shit with minimal tinkering here and there. We are talking 4500+ REAL TPS (no bullshit account tricks, batching, or L2), < 3 seconds finality, consensus reached by probabilistic sampling thousands of independent nodes. Secure and decentralized.
Resist 51% attack (need 80% network control to take over)

>Full EVM support
Low friction of adoption for projects developing on ETH. Athereum is a subnet of AVAX running EVM. ETH is a mess, ETH 2.0 will be a mess. This is the chance to bring smart contract to the next level.
All Ethereum smart contract and infrastructure can work on AVAX out of the box which means all the slow DeFi running on ETH right now will switch to AVAX to speed it all up.

>Subnetworks
This is Avalanches bread and butter. Independent networks can be launches on Avalanche, with near infinite customizability. Athereum is a good example of this.
Big picture: Within one year, the best parts of the entire cryptocurrency ecosystem can be mirrored on Avalanche. Giving it all the TPS, scalability, and speed, and also interoperability with the entire ecosystem.

right now it trades at $4.67

>> No.22824638

Good project, shitty investment.

>> No.22824639

I'm never fucking selling kikes

>> No.22824730

>>22824638
Do you have a problem with 0.1% of the supply going to the public, or something?

>> No.22824747

>>22824638
actually one of the best investments (next to Chainlink) out there.

>> No.22824785

>>22824513
> read my blogpost goy
but it used to trade for much lower and now the insiders are waiting to dump on newcoomers

>> No.22824796

>>22824785
nobody with a brain is dumping this.

>> No.22824820
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22824820

>>22821001
>Can't believe biz will pass on a potential top10 for shitcoins.
Either you fucking suck at english and cannot express your opinion other than repeating shitty ass shill lines or you are a fucking shill fudder.
Either way, fuck you.

>> No.22824864

>>22824796
Keep your bags then and enjoy the dumps when supply is unlocked. Avax needs to go to $1 to get more people onboard.

>> No.22824910

>>22824864
you sound desperate but I doubt you will ever get the chance to buy this below 3 bucks.

>> No.22824936

>>22824796
automatons do not have brains they have scripts and programmes and follow cues

>> No.22824955
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22824955

>> No.22824961

>>22821111
>VCs have 40x’d in less than two years

Public sale: $0.5

Private sale: $0.5

Seed sale: $0.33

Are you bagholding a shitty competing like DOT or fudding to buy lower?

>> No.22825009
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>> No.22825023

>>22822623
>Checked but you didn't answer my question at all. Why take a gamble on an already high cap L1 in a field with intense competition (Algorand, Hedera, Polkadot, ETH2.0, Dfinity, Radix, etc etc) when you can just buy the L2 oracle that will work with whichever horse wins?

It's not a gamble. The Avalanche consensus algorithm is a genuine breakthrough in the underlying computer science. Nothing else has really attained that kind of a breakthrough on scaling.


https://www.youtube.com/watch?v=AXrrqtFlGow

>> No.22825042
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22825042

>> No.22825043

>>22824961
*competing coin

>> No.22825062

The high energy for Avax is already fading. You feel it? You need us.

>> No.22825089

>>22825023
> crypto isn't a gamble goy
kek stick to your script

>> No.22825150
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22825150

>> No.22825171

>>22825089
Technically, everything is a gamble, including cash. Relatively, Avax isn't a gamble, it will make most if not all cryptos obsolete.

>> No.22825201
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22825201

>> No.22825208
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22825208

>>22825150
>>22825042
>>22825009
>>22824955
kek they even paid for tired memes. You know the difference when some jeets has been cranking these out with no soul
no soul = no substance = zero memetic value

>> No.22825233
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22825233

>> No.22825252
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22825252

>>22825171
> muh eth killer
> muh tps
and now:
> muh crypto killer
if by cash you mean fiat I only have enough to cover expenses and the rest is invested in things with value. Try to learn the difference.

>> No.22825327

>>22820780

If you look deeper you'll find out why ALGO is the eventual winner here. (1 of many reasons: EVM is a meme)

>> No.22825359

>>22821442
>>22822843
>>22823299
>>22823345
>>22823879
>>22824785
>>22824820
>>22824936
>>22825089
>>22825208
>>22825252

Top poster in this thread is an ethtard. Top kek. Imagine how nervous he will get when devs start migrating to the C-Chain.

>> No.22825390
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22825390

>> No.22825403

this is the new cardano, a lot of hype from retards and a douchebag leading the pack

>> No.22825437
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22825437

>>22825359
hello faggot I'm running COIN operations tonight and I suggest anons do the same since we're forbidden from raiding for many years we can fuck will shills for lulz.

>> No.22825465

>>22825062
>fading
it didnt even really start

>>22825252
> muh eth killer
the real ETH killer is ETH 2.0, Vitalik cant solve the scaling issues and they keep running in circles (for years now).
2.0 wont make Ethereum scale.

the solution is Athereum. Vitalik knows this thats why he endorsed Avalanche.

>> No.22825481
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>> No.22825483

>>22825437
>I'm just fucking with shills
>b-believe me I'm not nervous at all

lmao kys retard

>> No.22825520

>>22822683
Imagine using a CEX still.

>> No.22825528

>>22825465
the solution would be to stop paying satsgang shills
>>22825483
it's okay bro I've already made it and have lots and lots of free time. question is why haven't you made it? why do you wage on a Mongolian throat singing forum?

>> No.22825568

>>22825483
why would he be nervous? If he holds a lot ETH he gets same amount ATH on Athereum.
Athereum is literally Ethereum but with a different Consensus protocol.

>> No.22825598
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22825598

>>22825528
>doesnt even understand the tech
LOL

>> No.22825625

>>22825568
it's just standard satsgang script anon they don't understand the project they only know shill shill pump and dump move on to the next project and repeat. They're like a virus or Chinese insects

>> No.22825629

>>22820780
weird 10 year locking thing while the ico investors dump on you
enjoy this scam retard

>> No.22825666

>>22825528
>I'm rich I'm here just for fun

kek. Do you see AVAX holders hanging out in other threads? The answer is no, people don't waste their time to fud inferior coins with +10 posts.

I bet your pathetic ass bought ETH at +$450.

>> No.22825683
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22825683

>>22825598
>>22825568
imagine thinking you need to understand tech to make it in Crypto

>> No.22825694

>>22825568
Athereum is like a sandbox. ATH won't be valuable.

>> No.22825716
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22825716

>>22825666
checked. the board has dissolved into shit. Tell your academic master he needs to work on his shilling

>> No.22825714

>>22825683
Learning the tech is meaningless was my most important lesson in making $ in crypto. I had to lose my stonk knowledge. Fundamentals are literally meaningless here.

>> No.22825739
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22825739

>>22825666
in all fairness there are no avax holders yet only shills waiting to dump

>> No.22825823

>>22825694
>ATH won't be valuable.
retards say this about everything and everytime they are wrong.
if you think a faster, more decentralized and more scalable Ethereum is not valuable what the fuck are you even doing here?
>>22825683
it sure helps a lot.
>>22825714
we are in a bullmarket right now, of course you are making money.
What token survived the last bear market and came out stronger than everything?
Chainlink! why? because the fundamentals are solid.

>>22825739
DYOR and you understand why nobody will dump this.

>> No.22825905

>>22825714
Without deep tech understanding you won't be able to spot the true Ethereum killer or will spot it but take profit early.

As I said,
>>22825023
>The Avalanche consensus algorithm is a genuine breakthrough in the underlying computer science. Nothing else has really attained that kind of a breakthrough on scaling.

>>22825739
>in all fairness there are no avax holders yet only shills waiting to dump
I already staked all my coins. Won't even consider taking profit until Avalanche overtakes Ethereum.

>> No.22826014

>>22825823
> dyor or stay poor goy
classic satsgang insect script
> understanding tech helps
no it doesn't. I made money on scams like band and "actual products" like link kek. It doesn't matter. And plenty of shit is left over from the last bull.
>>22825905
good for you hope it works out

>> No.22826075

>>22825823
>retards say this about everything and everytime they are wrong.
>if you think a faster, more decentralized and more scalable Ethereum is not valuable what the fuck are you even doing here?

You are confused.
The C-Chain is a instance of the EVM (Ethereum Virtual Machine). It's a blank slate. It's validated by all validators. It uses AVAX.
Athereum will be a snapshot of Ethereum. Unlike the C-Chain, it will be validated by a subset of validators,. Almost all tokens will be worthless, especially stablecoins. Smart contracts that rely on bots will halt (unless the devs run them on Athereum too). It's just a sandbox. There's no reason for ATH to traded or to become valuable.

>> No.22826087

>>22826014
sounds like you are just some brainlet who got lucky twice.
dont push your luck too hard.

>> No.22826119

>>22826075
>It's a blank slate
Its not tho, was already confirmed by EGS himself.
>>22826075
>There's no reason for ATH to traded or to become valuable.
there is, its cheaper and faster.

>> No.22826171

>>22821111
Checked. Based. Redpilled. Massive bollocks on this man right here. Algofags have been crying about why their coin isn't pumping for so long and it was supposed to kill ETH on launch lmao. Get real, ETH and BTC rule this market.

>> No.22826229
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22826229

>>22826087
and yet the world's best and brightest academics are here shilling or paying third worlders to shill their product. kek tells you something about the world doesn't it? and you call it "luck" because you don't understand and it seems like magic to you.

>> No.22826337

>>22826119
Dude I'm not going to waste any more time on this. This is basic stuff. The C-Chain is already. It IS a blank slate. Both Athereum and C-Chain are instances of EVM. The differences: 1) The data (snapshot vs blank slate). 2) The token (ATH vs AVAX) 3) Validation (subset of validators vs all validators).

"The C-Chain is an instance of the Ethereum Virtual Machine powered by Avalanche. One can create smart contracts on the C-Chain and do anything else they would do on Ethereum by using the C-Chain’s API."


"Athereum is a “spoon”, or friendly fork, of Ethereum"

>> No.22826350

>>22820780
I've been burned by these BCH fags one too many times. Never again.

>> No.22826379

>>22826337
*The C-Chain is already here

>> No.22826429

>>22820780
>that drop in volume

lmao

>> No.22826723

>>22826429
Yup. Staking ratio keeps going up. Supply shortage incoming.

http://explorer.avax.network

http://avascan.info

http://vscout.io

>> No.22827012

>>22826337
>"Athereum is a “spoon”, or friendly fork, of Ethereum"
and it will be worth a lotta money because its a faster Ethereum.
>>22826229
>and you call it "luck" because
because it was luck, nothing more. ignorance is bliss I guess.

>> No.22827276
File: 217 KB, 1079x1697, IMG_20200926_124910.jpg [View same] [iqdb] [saucenao] [google]
22827276

>>22827012
nice looking chart. Insiders dump on binance listing and now the rest have to shill to others to reclaim capital.
Lucky that the academic bubble is imploding and highly educated people have to market products using shills? Lucky that they continue to be risk averse while attempting to position themselves as gate keepers to the system? Lucky while the world goes into civil conflicts (cloud seeding in China causing floods/ blm and anarchists in the states)?
topkek enjoy your tps I'm sure that will solve all you're problems.

>> No.22828391

>>22827276
>he doesnt know
LMAO

>> No.22828501

>>22828391
IYKYK

>> No.22828867

>>22821463
>it's still extremely undervalued

How exactly? That'll put it at close to Algo value and AVAX unironically doesn't have even 1/200 of what Algorand achieved so far is term of adoption and use cases (And from the look of Avax current mainnet, tech). The only thing AVAX has for its name is some single shitty low cap gaming ICO and the team rocket paper which blind people too much as the product isn't exactly what the consensus aimed to be.

AVAX is probably the most overvalued coin in the market, Genuinely think so. People open your damn eyes, Look at what similar coins with similar tokenomics did, There's not a single exception, All of them dumped and never reached initial listing price ever again. The price currently is statistically very likely to be the top for the next 3 years.

>> No.22829176
File: 331 KB, 538x562, 1598448431833.png [View same] [iqdb] [saucenao] [google]
22829176

17 LINK marine here, already balls deep in this

>> No.22829859

>>22828867
You had three days

>> No.22830958

>Broken english
>Typical Indian phrases crudely translated into English
Yeah, no thanks. I stay with Bitcoin and ETH