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$AVAX ACP-77 update to note! Increasing number of developers!
The $AVAX Foundation has unveiled ACP-77, a transformative proposal set to redefine Subnet creation and operation within the Avalanche blockchain ecosystem. This ambitious initiative aims to lower entry barriers, enhance flexibility, and foster a more decentralized and dynamic network environment. Here, we delve into the intricacies of ACP-77, exploring its current context, proposed changes, benefits, and potential challenges.
-> Please note, ACP-77 proposes renaming 'Subnets' to 'Avalanche L1s (Layer 1s)'. If the proposal passes, they will henceforth be known as Avalanche L1s.
#AvalancheHub
The $AVAX Foundation has unveiled ACP-77, a transformative proposal set to redefine Subnet creation and operation within the Avalanche blockchain ecosystem. This ambitious initiative aims to lower entry barriers, enhance flexibility, and foster a more decentralized and dynamic network environment. Here, we delve into the intricacies of ACP-77, exploring its current context, proposed changes, benefits, and potential challenges.
-> Please note, ACP-77 proposes renaming 'Subnets' to 'Avalanche L1s (Layer 1s)'. If the proposal passes, they will henceforth be known as Avalanche L1s.
#AvalancheHub
Grayscale Launches Avalanche (AVAX) Trust: Expanding Access to Promising Blockchain Investments
Grayscale Unveils Avalanche (AVAX) Trust: A New Opportunity for Crypto Investors
Grayscale Investments, the world’s largest digital currency asset manager, has expanded its portfolio with the introduction of the Avalanche (AVAX) Trust. This move marks a significant development in the cryptocurrency investment landscape, providing accredited investors with another opportunity to gain exposure to a leading blockchain network through a regulated financial product.
The Rise of Avalanche
Avalanche has rapidly emerged as one of the most prominent blockchain platforms, known for its high throughput, low transaction costs, and flexibility in creating custom blockchain networks. Launched in September 2020 by Ava Labs, Avalanche was designed to address some of the key challenges faced by earlier blockchains, such as scalability, security, and decentralization.
The platform uses a unique consensus protocol called Avalanche consensus, which allows for near-instant transaction finality and the processing of thousands of transactions per second. This has made Avalanche a popular choice for decentralized finance (DeFi) projects, non-fungible tokens (NFTs), and enterprise blockchain applications.
Grayscale’s Strategic Expansion
Grayscale’s decision to launch the Avalanche Trust is part of a broader strategy to offer investors diversified exposure to the growing digital asset ecosystem. The firm, which already manages several other cryptocurrency trusts, including those for Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), aims to capitalize on the increasing demand for institutional-grade crypto investment products.
The Avalanche Trust will function similarly to Grayscale’s other trusts, allowing investors to gain exposure to AVAX, the native token of the Avalanche network, without the need to directly purchase, store, or manage the cryptocurrency themselves. Shares of the trust will be available to accredited investors and will represent fractional ownership of AVAX.
Why Avalanche?
Avalanche’s robust technology and growing ecosystem have positioned it as a strong contender in the competitive blockchain space. Its ability to support multiple subnets and customizable blockchain networks makes it highly versatile, catering to a wide range of use cases from DeFi applications to enterprise solutions.
Additionally, Avalanche has seen significant adoption and integration with various decentralized applications (dApps) and platforms, further solidifying its position as a leading blockchain. With the launch of the AVAX Trust, Grayscale is signaling its confidence in the long-term potential of Avalanche and its commitment to offering innovative investment products that align with market trends.
What This Means for Investors
The introduction of the Avalanche Trust by Grayscale is a positive development for investors seeking diversified exposure to the crypto market. As the digital asset space continues to mature, products like the AVAX Trust offer a convenient and regulated way to invest in promising blockchain networks.
For investors who are bullish on the future of blockchain technology and decentralized applications, the AVAX Trust provides a straightforward entry point into the Avalanche ecosystem. Given Avalanche’s rapid growth and the increasing adoption of its technology, the trust could appeal to those looking to diversify their crypto holdings beyond the more established assets like Bitcoin and Ethereum.
Conclusion
Grayscale’s launch of the Avalanche (AVAX) Trust underscores the growing interest in blockchain platforms that offer innovative solutions to the challenges of scalability, security, and decentralization. As the cryptocurrency market continues to evolve, the addition of Avalanche to Grayscale’s portfolio is a testament to the platform’s potential to play a key role in the future of decentralized finance and beyond.
Investors now have a new avenue to explore within the crypto landscape, and with Grayscale’s track record of providing institutional-grade investment products, the AVAX Trust is poised to attract significant interest from both retail and institutional investors alike. As always, potential investors should conduct thorough research and consider their risk tolerance before investing in any digital asset.
#GrayscaleTrust #Avax🔥🔥 #GrayscaleInvestments #AvalancheHub $AVAX
#AvalancheAVAX $AVAX
Grayscale Investments, the world’s largest digital currency asset manager, has expanded its portfolio with the introduction of the Avalanche (AVAX) Trust. This move marks a significant development in the cryptocurrency investment landscape, providing accredited investors with another opportunity to gain exposure to a leading blockchain network through a regulated financial product.
The Rise of Avalanche
Avalanche has rapidly emerged as one of the most prominent blockchain platforms, known for its high throughput, low transaction costs, and flexibility in creating custom blockchain networks. Launched in September 2020 by Ava Labs, Avalanche was designed to address some of the key challenges faced by earlier blockchains, such as scalability, security, and decentralization.
The platform uses a unique consensus protocol called Avalanche consensus, which allows for near-instant transaction finality and the processing of thousands of transactions per second. This has made Avalanche a popular choice for decentralized finance (DeFi) projects, non-fungible tokens (NFTs), and enterprise blockchain applications.
Grayscale’s Strategic Expansion
Grayscale’s decision to launch the Avalanche Trust is part of a broader strategy to offer investors diversified exposure to the growing digital asset ecosystem. The firm, which already manages several other cryptocurrency trusts, including those for Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), aims to capitalize on the increasing demand for institutional-grade crypto investment products.
The Avalanche Trust will function similarly to Grayscale’s other trusts, allowing investors to gain exposure to AVAX, the native token of the Avalanche network, without the need to directly purchase, store, or manage the cryptocurrency themselves. Shares of the trust will be available to accredited investors and will represent fractional ownership of AVAX.
Why Avalanche?
Avalanche’s robust technology and growing ecosystem have positioned it as a strong contender in the competitive blockchain space. Its ability to support multiple subnets and customizable blockchain networks makes it highly versatile, catering to a wide range of use cases from DeFi applications to enterprise solutions.
Additionally, Avalanche has seen significant adoption and integration with various decentralized applications (dApps) and platforms, further solidifying its position as a leading blockchain. With the launch of the AVAX Trust, Grayscale is signaling its confidence in the long-term potential of Avalanche and its commitment to offering innovative investment products that align with market trends.
What This Means for Investors
The introduction of the Avalanche Trust by Grayscale is a positive development for investors seeking diversified exposure to the crypto market. As the digital asset space continues to mature, products like the AVAX Trust offer a convenient and regulated way to invest in promising blockchain networks.
For investors who are bullish on the future of blockchain technology and decentralized applications, the AVAX Trust provides a straightforward entry point into the Avalanche ecosystem. Given Avalanche’s rapid growth and the increasing adoption of its technology, the trust could appeal to those looking to diversify their crypto holdings beyond the more established assets like Bitcoin and Ethereum.
Conclusion
Grayscale’s launch of the Avalanche (AVAX) Trust underscores the growing interest in blockchain platforms that offer innovative solutions to the challenges of scalability, security, and decentralization. As the cryptocurrency market continues to evolve, the addition of Avalanche to Grayscale’s portfolio is a testament to the platform’s potential to play a key role in the future of decentralized finance and beyond.
Investors now have a new avenue to explore within the crypto landscape, and with Grayscale’s track record of providing institutional-grade investment products, the AVAX Trust is poised to attract significant interest from both retail and institutional investors alike. As always, potential investors should conduct thorough research and consider their risk tolerance before investing in any digital asset.
#GrayscaleTrust #Avax🔥🔥 #GrayscaleInvestments #AvalancheHub $AVAX
#AvalancheAVAX $AVAX
Avalanche price analysis #Avax🔥🔥
The bulls tried to push Avalanche
AVAX #AVAXLegend
$22.95
above the 50-day SMA ($24.72) for the past two days, but the bears held their ground.
The 20-day EMA ($23.62) has started to turn down and the RSI is just below the midpoint, indicating a minor advantage for the bears. If the price continues lower, it is likely to find support near $19.50.
#AvalancheHub
On the contrary, if bulls push the price above the 50-day SMA, it will suggest the formation of a higher low. That will increase the likelihood of a rally above the descending channel. The AVAX/USDT pair may then rally to $33.
Shiba Inu price analysis #SHIBAUSDT
The weak bounce off the uptrend line in Shiba Inu
SHIB #Shibainuholder
$0.000014
shows a lack of aggressive buying by the bulls.
The bears will try to take advantage of the situation and sink the price below the uptrend line. If that happens, the SHIB/USDT pair could drop to $0.000012. This is a crucial level for the bulls to defend because a break below it may pull the price to $0.000010.
On the upside, the bulls will have to drive and maintain the price above the 50-day SMA ($0.000015) to suggest that the selling pressure is reducing. The SHIB/USDT pair may then climb to the breakdown level of $0.000020.
The bulls tried to push Avalanche
AVAX #AVAXLegend
$22.95
above the 50-day SMA ($24.72) for the past two days, but the bears held their ground.
The 20-day EMA ($23.62) has started to turn down and the RSI is just below the midpoint, indicating a minor advantage for the bears. If the price continues lower, it is likely to find support near $19.50.
#AvalancheHub
On the contrary, if bulls push the price above the 50-day SMA, it will suggest the formation of a higher low. That will increase the likelihood of a rally above the descending channel. The AVAX/USDT pair may then rally to $33.
Shiba Inu price analysis #SHIBAUSDT
The weak bounce off the uptrend line in Shiba Inu
SHIB #Shibainuholder
$0.000014
shows a lack of aggressive buying by the bulls.
The bears will try to take advantage of the situation and sink the price below the uptrend line. If that happens, the SHIB/USDT pair could drop to $0.000012. This is a crucial level for the bulls to defend because a break below it may pull the price to $0.000010.
On the upside, the bulls will have to drive and maintain the price above the 50-day SMA ($0.000015) to suggest that the selling pressure is reducing. The SHIB/USDT pair may then climb to the breakdown level of $0.000020.
"Avalanche Rebounds 24.8%: What’s Next for AVAX?"
Avalanche price broke above $20.50 on Aug 7, reflecting a robust 24.8% rebound from the historic market sell-off encountered on Monday. Analysis of current indicators hints at a potential retest of the $25 resistance level within the monthly timeframe.
Read more on: https://thecryptobasic.com/2024/08/07/avalache-price-analysis-what-next-for-avax-after-24-8-rebound/
#AvalancheHub #Crypto #CryptoPredctions #CryptoNews” #CryptoNews🚀🔥"
Read more on: https://thecryptobasic.com/2024/08/07/avalache-price-analysis-what-next-for-avax-after-24-8-rebound/
#AvalancheHub #Crypto #CryptoPredctions #CryptoNews” #CryptoNews🚀🔥"
Mark Cuban, a prominent businessman and minority owner of the Dallas Mavericks, has praised the California DMV for its move to digitize car titles using the Avalanche blockchain.
#AvalancheHub #Crypto #CryptoNewsDaddy #CryptoNews🚀🔥"
#AvalancheHub #Crypto #CryptoNewsDaddy #CryptoNews🚀🔥"
Revolutionizing Blockchain: Avalanche's ACP-77
Imagine a world where deploying a dedicated blockchain is as seamless and cost-effective as setting up a new website. How can blockchain technology evolve to make this vision a reality?
Avalanche's ($AVAX ) latest proposal, ACP-77, seeks to answer this question with a revolutionary approach.
This proposal introduces a new type of validator, the "Subnet Validator," which drastically lowers the barriers to entry for launching a dedicated #Blockchain (Subnet) while implementing a continuous fee mechanism that subnets pay to the P-Chain. This innovative approach aims to enhance performance, customizability, and cost efficiency.
One of the key advantages of ACP-77 is the significant reduction in onchain and offchain costs. By shifting to a continuous payment model instead of hefty upfront fees, ACP-77 makes it easier for developers to create and maintain subnets. This model decouples operating costs from onchain economic activity, providing a more predictable and scalable cost structure.
High-Performance and Customizability
Historically, single execution environments like Ethereum and Solana have struggled with scalability and predictability, often leading to high costs and congestion. ACP-77 addresses these issues by offering a more flexible and performant solution. Subnets can now be customized to optimize the end-user experience, whether by integrating unique transaction ordering mechanisms or accepting a whitelisted set of assets for payment.
For instance, Uniswap’s need for a new transient storage opcode (EIP-1153) on Ethereum to reduce gas costs highlights the limitations of generalized blockchains. In contrast, app-specific chains like those on Avalanche allow developers to implement bespoke features without waiting for network-wide upgrades.
Value Capture and Token Demand
Dedicated blockchains also enable better value capture and create new demand drivers for native tokens. Unlike generalized platforms where applications struggle to capture value from their usage, subnets can integrate mechanisms like gas fee burning and staking. DeFi Kingdoms (DFK), for example, uses its native token JEWEL for transaction fees, creating a direct correlation between the token’s utility and the network’s success.
Economic Analysis and Comparison
To provide a clearer picture, Blockworks Research conducted a scenario analysis comparing the onchain costs of different dedicated blockchain solutions, including Ethereum-based rollups, Celestia-based rollups, Cosmos appchains, and Avalanche subnets. The findings reveal that ACP-77 would make Avalanche subnets as cost-effective as Celestia-based rollups while offering superior liveness guarantees and native interoperability.
For instance, DEXALOT, an example subnet, shows how ACP-77 could reduce operating costs significantly. The continuous payment model proposed in ACP-77, along with lower hardware requirements for subnet validators, positions Avalanche as the most cost-effective and scalable platform for high-performance blockchains.
Community and Governance
AvalancheHub, the DAO Labs #SocialMining project hub, exemplifies how community-driven governance can propel technological advancements. ACP-77 is a prime example of a proposal discussed and refined with the input of Avalanche’s vibrant and conscious community. This inclusive approach ensures that developments align with the needs and aspirations of the ecosystem.
AvalancheHub has nurtured a community that not only supports the network but also actively participates in its growth. Social Mining initiatives provide regular income to community members, fostering a dedicated and knowledgeable user base that champions the project.
Embracing Ecosystem Growth
AvalancheHub’s commitment to embracing and supporting breakthroughs like ACP-77 underscores its vision of sustainability and long-term success. By continuously innovating and involving the community in governance, Avalanche is poised to become one of the largest and most robust ecosystems in the blockchain space.
AvalancheHub's forward-thinking approach ensures that as the blockchain landscape evolves, its ecosystem remains at the forefront of innovation, providing unparalleled opportunities for developers and users alike.
$ETH $MATIC #AvalancheHub #ETH #polygon @DAO Labs
Avalanche's ($AVAX ) latest proposal, ACP-77, seeks to answer this question with a revolutionary approach.
This proposal introduces a new type of validator, the "Subnet Validator," which drastically lowers the barriers to entry for launching a dedicated #Blockchain (Subnet) while implementing a continuous fee mechanism that subnets pay to the P-Chain. This innovative approach aims to enhance performance, customizability, and cost efficiency.
One of the key advantages of ACP-77 is the significant reduction in onchain and offchain costs. By shifting to a continuous payment model instead of hefty upfront fees, ACP-77 makes it easier for developers to create and maintain subnets. This model decouples operating costs from onchain economic activity, providing a more predictable and scalable cost structure.
High-Performance and Customizability
Historically, single execution environments like Ethereum and Solana have struggled with scalability and predictability, often leading to high costs and congestion. ACP-77 addresses these issues by offering a more flexible and performant solution. Subnets can now be customized to optimize the end-user experience, whether by integrating unique transaction ordering mechanisms or accepting a whitelisted set of assets for payment.
For instance, Uniswap’s need for a new transient storage opcode (EIP-1153) on Ethereum to reduce gas costs highlights the limitations of generalized blockchains. In contrast, app-specific chains like those on Avalanche allow developers to implement bespoke features without waiting for network-wide upgrades.
Value Capture and Token Demand
Dedicated blockchains also enable better value capture and create new demand drivers for native tokens. Unlike generalized platforms where applications struggle to capture value from their usage, subnets can integrate mechanisms like gas fee burning and staking. DeFi Kingdoms (DFK), for example, uses its native token JEWEL for transaction fees, creating a direct correlation between the token’s utility and the network’s success.
Economic Analysis and Comparison
To provide a clearer picture, Blockworks Research conducted a scenario analysis comparing the onchain costs of different dedicated blockchain solutions, including Ethereum-based rollups, Celestia-based rollups, Cosmos appchains, and Avalanche subnets. The findings reveal that ACP-77 would make Avalanche subnets as cost-effective as Celestia-based rollups while offering superior liveness guarantees and native interoperability.
For instance, DEXALOT, an example subnet, shows how ACP-77 could reduce operating costs significantly. The continuous payment model proposed in ACP-77, along with lower hardware requirements for subnet validators, positions Avalanche as the most cost-effective and scalable platform for high-performance blockchains.
Community and Governance
AvalancheHub, the DAO Labs #SocialMining project hub, exemplifies how community-driven governance can propel technological advancements. ACP-77 is a prime example of a proposal discussed and refined with the input of Avalanche’s vibrant and conscious community. This inclusive approach ensures that developments align with the needs and aspirations of the ecosystem.
AvalancheHub has nurtured a community that not only supports the network but also actively participates in its growth. Social Mining initiatives provide regular income to community members, fostering a dedicated and knowledgeable user base that champions the project.
Embracing Ecosystem Growth
AvalancheHub’s commitment to embracing and supporting breakthroughs like ACP-77 underscores its vision of sustainability and long-term success. By continuously innovating and involving the community in governance, Avalanche is poised to become one of the largest and most robust ecosystems in the blockchain space.
AvalancheHub's forward-thinking approach ensures that as the blockchain landscape evolves, its ecosystem remains at the forefront of innovation, providing unparalleled opportunities for developers and users alike.
$ETH $MATIC #AvalancheHub #ETH #polygon @DAO Labs
$AVAX Update
After several months of ranging, $AVAX finally broke out of that range.
Currently there has been a retracement to the resistance turned support zone. It's time to rally it up to $50.
#Avax🔥🔥 #avax #AvalancheHub #AVAX_usdt_4h #AVAX/FDUSD
After several months of ranging, $AVAX finally broke out of that range.
Currently there has been a retracement to the resistance turned support zone. It's time to rally it up to $50.
#Avax🔥🔥 #avax #AvalancheHub #AVAX_usdt_4h #AVAX/FDUSD
#AvalancheHub Avalanche (AVAX) President Talks Ethereum (ETH) and ETFs! "It's Only a Matter of Time!"
John Wu, president and CEO of Avalanche ( AVAX ) developer Ava Labs, said he is very optimistic about Ethereum (ETH) and the ETF.
$ETH
Spot Ethereum ETFs have fared worse than expected since their launch. JP Morgan said in a report that spot ETH ETFs have failed to meet expectations against Bitcoin, seeing $500 million in outflows.
It's Only a Matter of Time! #ETHETFsApproved
While ETH ETFs have disappointed compared to expectations, John Wu, president and CEO of Avalanche ( AVAX ) developer Ava Labs, said he is very optimistic about Ethereum (ETH) and its ETFs.
Speaking to Bloomberg TV, Ava Labs CEO said Ethereum ETFs will eventually succeed.
Stating that Ethereum ETFs will achieve success over time due to the competitive nature of the decentralized finance (DeFi) sector, Wu compared ETH and BTC ETFs. #ETFvsBTC
Wu stated that Bitcoin and Ethereum are not actually rivals, and that BTC's only rival is gold.
“I don’t think anyone predicted that the Ethereum ETF would be as successful as the Bitcoin ETF, but in reality, Bitcoin only has one competitor, and that’s gold.
The essence of Ethereum is about creating utility and use cases.
#ETFNewsUpdate
Ethereum actually has a lot of altcoin competitors, from Avalanche to Solana and a bunch of other altcoin competitors. At this point, Ethereum ETFs will do well over time because ETH is in a competitive environment.”
Spot Ethereum ETFs were approved by the SEC in May and began trading in late July.
Ethereum, which has gained 3% in the last 24 hours, continues to be traded at $2,550 at the time of writing.
*This is not investment advice. it latest News Updates. #TipForExclusiveInsights
John Wu, president and CEO of Avalanche ( AVAX ) developer Ava Labs, said he is very optimistic about Ethereum (ETH) and the ETF.
$ETH
Spot Ethereum ETFs have fared worse than expected since their launch. JP Morgan said in a report that spot ETH ETFs have failed to meet expectations against Bitcoin, seeing $500 million in outflows.
It's Only a Matter of Time! #ETHETFsApproved
While ETH ETFs have disappointed compared to expectations, John Wu, president and CEO of Avalanche ( AVAX ) developer Ava Labs, said he is very optimistic about Ethereum (ETH) and its ETFs.
Speaking to Bloomberg TV, Ava Labs CEO said Ethereum ETFs will eventually succeed.
Stating that Ethereum ETFs will achieve success over time due to the competitive nature of the decentralized finance (DeFi) sector, Wu compared ETH and BTC ETFs. #ETFvsBTC
Wu stated that Bitcoin and Ethereum are not actually rivals, and that BTC's only rival is gold.
“I don’t think anyone predicted that the Ethereum ETF would be as successful as the Bitcoin ETF, but in reality, Bitcoin only has one competitor, and that’s gold.
The essence of Ethereum is about creating utility and use cases.
#ETFNewsUpdate
Ethereum actually has a lot of altcoin competitors, from Avalanche to Solana and a bunch of other altcoin competitors. At this point, Ethereum ETFs will do well over time because ETH is in a competitive environment.”
Spot Ethereum ETFs were approved by the SEC in May and began trading in late July.
Ethereum, which has gained 3% in the last 24 hours, continues to be traded at $2,550 at the time of writing.
*This is not investment advice. it latest News Updates. #TipForExclusiveInsights
#AVAX #AvalancheHub
The future of Avalanche (AVAX) is promising, with potential growth drivers including:
1. Increased adoption: More developers and users may flock to Avalanche's scalable and secure platform.
2. DeFi growth: Avalanche's focus on DeFi and its compatibility with Ethereum smart contracts could attract more DeFi projects.
3. Enterprise partnerships: Avalanche's scalability and security may appeal to enterprises, leading to partnerships and adoption.
4. Regulatory clarity: Favorable regulations could boost Avalanche's reputation and attract institutional investors.
5. Technical advancements: Continuous improvements to Avalanche's technology, such as increased scalability and usability, could enhance its appeal.
6. Growing ecosystem: The development of new tools, applications, and services on Avalanche could expand its ecosystem and increase AVAX's value.
7. Increased mainstream recognition: As Avalanche gains more traction, it may attract more attention from the mainstream media, investors, and users.
However, the cryptocurrency market is highly competitive and subject to volatility, so it's essential to stay informed about market trends, adoption rates, and technical developments to understand the future of Avalanche (AVAX).
The future of Avalanche (AVAX) is promising, with potential growth drivers including:
1. Increased adoption: More developers and users may flock to Avalanche's scalable and secure platform.
2. DeFi growth: Avalanche's focus on DeFi and its compatibility with Ethereum smart contracts could attract more DeFi projects.
3. Enterprise partnerships: Avalanche's scalability and security may appeal to enterprises, leading to partnerships and adoption.
4. Regulatory clarity: Favorable regulations could boost Avalanche's reputation and attract institutional investors.
5. Technical advancements: Continuous improvements to Avalanche's technology, such as increased scalability and usability, could enhance its appeal.
6. Growing ecosystem: The development of new tools, applications, and services on Avalanche could expand its ecosystem and increase AVAX's value.
7. Increased mainstream recognition: As Avalanche gains more traction, it may attract more attention from the mainstream media, investors, and users.
However, the cryptocurrency market is highly competitive and subject to volatility, so it's essential to stay informed about market trends, adoption rates, and technical developments to understand the future of Avalanche (AVAX).
An Overview of Avalanche's ACP-77 Proposal
#Avalanche ACP-77 proposal aims to introduce changes to the network's validator system. This initiative is set to redefine $AVAX by lowering barriers, enhancing scalability, and fostering innovation, making it a game-changer for
#AvalancheHub and its stakeholders. More so, @DAO Labs #SocialMining offerings alongside, #Ethereum $ETH
, and #Polygon $MATIC
have all played significant roles in shaping this competitive landscape.
Lowering Barriers for Participation
One of the most commendable aspects of ACP-77 is its approach to reducing the financial and technical barriers for running subnet validators. Previously, the high upfront staking costs posed significant challenges, deterring smaller developers and entities from participating. By introducing a continuous payment mechanism, ACP-77 ensures a more inclusive and accessible environment. This shift not only democratizes access but also promises to attract a more diverse and innovative pool of developers, enriching our community and ecosystem.
Flexibility and Scalability
The flexibility introduced by ACP-77 in staking requirements is a strategic enhancement that cannot be overstated. Traditional models demanded substantial upfront investments, which often limited the network's adaptability. ACP-77's model allows for more dynamic staking, enabling validators to adjust their stakes more freely. This flexibility is crucial for scaling the network efficiently, especially as the demand for Avalanche’s robust infrastructure grows. It allows the network to expand and contract organically, adapting to real-time needs without compromising stability or security.
Sustainable Network Security
ACP-77's innovative fee mechanism is a forward-thinking approach to ensuring network security while maintaining economic sustainability. By implementing continuous payments, the proposal provides a steady stream of incentives for validators. This not only reduces the financial burden on participants but also ensures that validators remain motivated to uphold network integrity. The balance achieved here between economic viability and robust security measures is a testament to the thoughtful design of ACP-77, setting a precedent for sustainable blockchain practices.
Catalyzing Innovation
One of the most exciting prospects of ACP-77 is its potential to revolutionize blockchain gaming and other creative sectors. By lowering costs and introducing flexible staking, the proposal creates a conducive environment for experimentation and innovation. Developers are no longer constrained by prohibitive entry costs, enabling them to explore new ideas and applications freely. This could lead to a surge in creative projects, positioning Avalanche as a hub for incredible blockchain innovations.
Community and Ecosystem Growth
The broader implications of ACP-77 for the Avalanche community and ecosystem are profoundly positive. By lowering entry barriers, enhancing flexibility, and ensuring sustainable practices, the proposal aligns perfectly with our collective vision for a decentralized and inclusive blockchain network. As more developers and projects join the Avalanche ecosystem, we can expect a vibrant, dynamic community that continuously pushes the boundaries of what is possible with blockchain technology.
The Power of Social Mining
DAOLabs Social Mining Space rewards users for contributing to blockchain projects through content creation and social media. “AvalancheHub”, a key component of the DAOLabs Social Mining Galaxy, has built a strong, and buzzing community through social mining. This model provides income opportunities while fostering informed communities supporting projects. It's proven effective in creating engaged groups crucial for blockchain network growth and sustainability. It's exciting to see Avalanche leverage on this model overtime.
Conclusion
In conclusion, ACP-77 is a transformative step for Avalanche, enhancing accessibility, scalability, and innovation. By lowering financial barriers and introducing flexible staking, it fosters a diverse developer community and robust network security. Combined with DAOLabs' Social Mining, this proposal strengthens community engagement and growth. ACP-77 not only sets a new standard for blockchain practices but also solidifies Avalanche’s position as a leader in the blockchain space, promising a vibrant and innovative future.
#AvalancheHub and its stakeholders. More so, @DAO Labs #SocialMining offerings alongside, #Ethereum $ETH
, and #Polygon $MATIC
have all played significant roles in shaping this competitive landscape.
Lowering Barriers for Participation
One of the most commendable aspects of ACP-77 is its approach to reducing the financial and technical barriers for running subnet validators. Previously, the high upfront staking costs posed significant challenges, deterring smaller developers and entities from participating. By introducing a continuous payment mechanism, ACP-77 ensures a more inclusive and accessible environment. This shift not only democratizes access but also promises to attract a more diverse and innovative pool of developers, enriching our community and ecosystem.
Flexibility and Scalability
The flexibility introduced by ACP-77 in staking requirements is a strategic enhancement that cannot be overstated. Traditional models demanded substantial upfront investments, which often limited the network's adaptability. ACP-77's model allows for more dynamic staking, enabling validators to adjust their stakes more freely. This flexibility is crucial for scaling the network efficiently, especially as the demand for Avalanche’s robust infrastructure grows. It allows the network to expand and contract organically, adapting to real-time needs without compromising stability or security.
Sustainable Network Security
ACP-77's innovative fee mechanism is a forward-thinking approach to ensuring network security while maintaining economic sustainability. By implementing continuous payments, the proposal provides a steady stream of incentives for validators. This not only reduces the financial burden on participants but also ensures that validators remain motivated to uphold network integrity. The balance achieved here between economic viability and robust security measures is a testament to the thoughtful design of ACP-77, setting a precedent for sustainable blockchain practices.
Catalyzing Innovation
One of the most exciting prospects of ACP-77 is its potential to revolutionize blockchain gaming and other creative sectors. By lowering costs and introducing flexible staking, the proposal creates a conducive environment for experimentation and innovation. Developers are no longer constrained by prohibitive entry costs, enabling them to explore new ideas and applications freely. This could lead to a surge in creative projects, positioning Avalanche as a hub for incredible blockchain innovations.
Community and Ecosystem Growth
The broader implications of ACP-77 for the Avalanche community and ecosystem are profoundly positive. By lowering entry barriers, enhancing flexibility, and ensuring sustainable practices, the proposal aligns perfectly with our collective vision for a decentralized and inclusive blockchain network. As more developers and projects join the Avalanche ecosystem, we can expect a vibrant, dynamic community that continuously pushes the boundaries of what is possible with blockchain technology.
The Power of Social Mining
DAOLabs Social Mining Space rewards users for contributing to blockchain projects through content creation and social media. “AvalancheHub”, a key component of the DAOLabs Social Mining Galaxy, has built a strong, and buzzing community through social mining. This model provides income opportunities while fostering informed communities supporting projects. It's proven effective in creating engaged groups crucial for blockchain network growth and sustainability. It's exciting to see Avalanche leverage on this model overtime.
Conclusion
In conclusion, ACP-77 is a transformative step for Avalanche, enhancing accessibility, scalability, and innovation. By lowering financial barriers and introducing flexible staking, it fosters a diverse developer community and robust network security. Combined with DAOLabs' Social Mining, this proposal strengthens community engagement and growth. ACP-77 not only sets a new standard for blockchain practices but also solidifies Avalanche’s position as a leader in the blockchain space, promising a vibrant and innovative future.
Currently, on Binance, some of the top-performing cryptocurrencies include:
1. Avalanche (AVAX), which rose by 20.1%, driven by the Avalanche9000 upgrade and new developer grants.
2. Solana (SOL), with a 12% gain due to ecosystem partnerships with Franklin Templeton and Citibank.
3. Cardano (ADA), increasing by 9.3% after launching its Chang Hard Fork for decentralized governance.
4. Binance Coin (BNB), up 6.9% following network improvements from the Bohr Hard Fork  .
These coins are benefiting from both ecosystem upgrades and positive market sentiment, making them notable gainers in October 2024.
#AvalancheHub #Solana_Blockchain #SolanaUSTD #CardanoPredictions #BNBAnalysis
$AVAX
$ADA
$BNB
1. Avalanche (AVAX), which rose by 20.1%, driven by the Avalanche9000 upgrade and new developer grants.
2. Solana (SOL), with a 12% gain due to ecosystem partnerships with Franklin Templeton and Citibank.
3. Cardano (ADA), increasing by 9.3% after launching its Chang Hard Fork for decentralized governance.
4. Binance Coin (BNB), up 6.9% following network improvements from the Bohr Hard Fork  .
These coins are benefiting from both ecosystem upgrades and positive market sentiment, making them notable gainers in October 2024.
#AvalancheHub #Solana_Blockchain #SolanaUSTD #CardanoPredictions #BNBAnalysis
$AVAX
$ADA
$BNB
Binance Joining Social Mining Could Revolutionize Blockchain and Web3
Have You Ever Imagined Binance Joining the Social Mining World?
Have you ever thought about the immense benefits that #Binance joining the #SocialMining world could bring? Imagine the world's largest cryptocurrency exchange integrating with social mining hubs like @DAO Labs #AvalancheHub #PolygonHub #KavaHub and @Ton Network . The possibilities are endless with BinanceHub 💯
Unleashing Community Creativity
Social mining is renowned for fostering creativity within blockchain communities. Unlike traditional incentive mechanisms, social mining rewards users for innovative contributions, content creation, and community-building efforts. If Binance integrates social mining, it can unleash a wave of user-generated content and projects. This could range from educational materials, innovative dApps, to community-led initiatives that drive engagement and growth.
Decentralized Marketing and Outreach
Social mining hubs often include mechanisms for community-driven marketing and outreach. By incorporating these features, Binance could leverage its vast user base to spread awareness and adoption organically. Community members can be incentivized to create and share marketing content, host events, or develop educational campaigns. This grassroots approach not only builds trust but also taps into the creativity and reach of the entire Binance community.
Empowering Developers with Microgrants
Social mining hubs frequently provide microgrants and funding opportunities for promising projects and developers. Binance could implement a similar feature, creating a decentralized fund that rewards innovative projects based on community votes and participation. This would empower developers to build and experiment with new ideas without the need for large, centralized funding, fostering a more inclusive and diverse ecosystem.
Localized Community Hubs
One unique feature of social mining platforms is the ability to create localized community hubs. These hubs focus on specific regions or languages, ensuring that users worldwide can participate in a meaningful way. Binance could adopt this model, creating regional hubs that cater to local communities, fostering a sense of belonging and ensuring that global participation is truly inclusive.
Governance Participation and Rewards
While Binance offers staking and governance through BNB, integrating social mining can take this a step further by directly rewarding participation in governance. Users who actively engage in governance proposals, vote, or contribute to decision-making processes can earn additional rewards. This incentivizes a higher level of participation and ensures that the governance process is more democratic and representative.
Enhanced Reputation Systems
A robust reputation system is a hallmark of effective social mining hubs. Binance could implement a decentralized reputation system where users earn reputation points for their contributions. These points can unlock additional benefits, access to exclusive features, or higher voting power in governance. This system rewards positive behavior and contributions, fostering a more constructive and collaborative community environment.
Cross-Platform Synergies
By joining the social mining world, Binance can create synergies with existing hubs like DAO Labs, AvalancheHub, PolygonHub, Kava, and TONCommunityHub. This collaboration can lead to shared best practices, cross-platform innovations, and a more interconnected blockchain ecosystem. Users and developers can benefit from the combined strengths of these platforms, creating a more robust and resilient web3 landscape.
In conclusion, Binance's entry into the social mining world holds the potential to revolutionize blockchain and web3. By incorporating features such as decentralized marketing, developer microgrants, localized community hubs, and enhanced educational incentives, Binance can significantly enhance its ecosystem. As Binance continues to lead in the cryptocurrency space, its integration with social mining could set new standards for the industry, leaving us all in awe of the possibilities.
$BNB $ETH $BTC
Have you ever thought about the immense benefits that #Binance joining the #SocialMining world could bring? Imagine the world's largest cryptocurrency exchange integrating with social mining hubs like @DAO Labs #AvalancheHub #PolygonHub #KavaHub and @Ton Network . The possibilities are endless with BinanceHub 💯
Unleashing Community Creativity
Social mining is renowned for fostering creativity within blockchain communities. Unlike traditional incentive mechanisms, social mining rewards users for innovative contributions, content creation, and community-building efforts. If Binance integrates social mining, it can unleash a wave of user-generated content and projects. This could range from educational materials, innovative dApps, to community-led initiatives that drive engagement and growth.
Decentralized Marketing and Outreach
Social mining hubs often include mechanisms for community-driven marketing and outreach. By incorporating these features, Binance could leverage its vast user base to spread awareness and adoption organically. Community members can be incentivized to create and share marketing content, host events, or develop educational campaigns. This grassroots approach not only builds trust but also taps into the creativity and reach of the entire Binance community.
Empowering Developers with Microgrants
Social mining hubs frequently provide microgrants and funding opportunities for promising projects and developers. Binance could implement a similar feature, creating a decentralized fund that rewards innovative projects based on community votes and participation. This would empower developers to build and experiment with new ideas without the need for large, centralized funding, fostering a more inclusive and diverse ecosystem.
Localized Community Hubs
One unique feature of social mining platforms is the ability to create localized community hubs. These hubs focus on specific regions or languages, ensuring that users worldwide can participate in a meaningful way. Binance could adopt this model, creating regional hubs that cater to local communities, fostering a sense of belonging and ensuring that global participation is truly inclusive.
Governance Participation and Rewards
While Binance offers staking and governance through BNB, integrating social mining can take this a step further by directly rewarding participation in governance. Users who actively engage in governance proposals, vote, or contribute to decision-making processes can earn additional rewards. This incentivizes a higher level of participation and ensures that the governance process is more democratic and representative.
Enhanced Reputation Systems
A robust reputation system is a hallmark of effective social mining hubs. Binance could implement a decentralized reputation system where users earn reputation points for their contributions. These points can unlock additional benefits, access to exclusive features, or higher voting power in governance. This system rewards positive behavior and contributions, fostering a more constructive and collaborative community environment.
Cross-Platform Synergies
By joining the social mining world, Binance can create synergies with existing hubs like DAO Labs, AvalancheHub, PolygonHub, Kava, and TONCommunityHub. This collaboration can lead to shared best practices, cross-platform innovations, and a more interconnected blockchain ecosystem. Users and developers can benefit from the combined strengths of these platforms, creating a more robust and resilient web3 landscape.
In conclusion, Binance's entry into the social mining world holds the potential to revolutionize blockchain and web3. By incorporating features such as decentralized marketing, developer microgrants, localized community hubs, and enhanced educational incentives, Binance can significantly enhance its ecosystem. As Binance continues to lead in the cryptocurrency space, its integration with social mining could set new standards for the industry, leaving us all in awe of the possibilities.
$BNB $ETH $BTC
Another successful trade, congratulations to those who followed my signal. As you can see, the charts moved exactly as I predicted. To make sure you don't miss more opportunities like this, follow me
#Avax🔥🔥 #AVAX/FDUSD #AvalancheHub
#Avax🔥🔥 #AVAX/FDUSD #AvalancheHub
Avalanche (AVAX) has successfully broken out of its bearish trendline and is now showing multiple touches on its resistance level. Typically, after several touches, this indicates an increased likelihood of a breakout. If the resistance breaks, we could see a significant price surge, potentially reaching the next resistance zone around $32.
In addition, recent updates surrounding the Avalanche network have also contributed to the token’s price momentum. A key factor is the upcoming Durango upgrade, which promises to bring important network enhancements. Partnerships and increased adoption of the Avalanche ecosystem are further boosting confidence in the platform’s growth potential.
🔔🔔 !! NEW signal: AVAX/USDT 🔔🔔
Leverage: 10x
Direction: Long
Entry: 27.4
DCA around: 27
Stop: 26.5
TP1:28.9
TP2: 30.1
TP3: 31.8
#signalfutures #signalsfutures #Avax🔥🔥
In addition, recent updates surrounding the Avalanche network have also contributed to the token’s price momentum. A key factor is the upcoming Durango upgrade, which promises to bring important network enhancements. Partnerships and increased adoption of the Avalanche ecosystem are further boosting confidence in the platform’s growth potential.
🔔🔔 !! NEW signal: AVAX/USDT 🔔🔔
Leverage: 10x
Direction: Long
Entry: 27.4
DCA around: 27
Stop: 26.5
TP1:28.9
TP2: 30.1
TP3: 31.8
#signalfutures #signalsfutures #Avax🔥🔥
$AVA AVA Cryptocurrency Analysis: Bullish Sentiment
As of today, AVA is trading at $0.507, showing strong bullish momentum driven by increasing adoption and favorable market conditions. Recent partnerships and developments in the AVA ecosystem have contributed to growing investor confidence. The overall sentiment in the crypto market remains positive, further supporting AVA's upward trajectory.
For traders, the short-term target price for AVA is set at $0.550, reflecting potential resistance levels. A successful break above this price could signal a more substantial rally towards $0.600 in the coming weeks.
Conversely, if market conditions turn unfavorable, the sell price should be closely monitored around $0.480, where support levels may hold. This strategic approach allows traders to capitalize on gains while managing risks effectively.
In summary, AVA exhibits bullish potential today, making it an attractive option for both short-term traders and long-term investors.
#Avax🔥🔥 #AvalonAirdrop #AVAX.智能策略库🥇🥇 #AvalancheHub
As of today, AVA is trading at $0.507, showing strong bullish momentum driven by increasing adoption and favorable market conditions. Recent partnerships and developments in the AVA ecosystem have contributed to growing investor confidence. The overall sentiment in the crypto market remains positive, further supporting AVA's upward trajectory.
For traders, the short-term target price for AVA is set at $0.550, reflecting potential resistance levels. A successful break above this price could signal a more substantial rally towards $0.600 in the coming weeks.
Conversely, if market conditions turn unfavorable, the sell price should be closely monitored around $0.480, where support levels may hold. This strategic approach allows traders to capitalize on gains while managing risks effectively.
In summary, AVA exhibits bullish potential today, making it an attractive option for both short-term traders and long-term investors.
#Avax🔥🔥 #AvalonAirdrop #AVAX.智能策略库🥇🥇 #AvalancheHub
🚨⬇️ Avalanche Insights
Avalanche (AVAX) has solidified its position as one of the leading platforms for decentralized applications and enterprise blockchain solutions. As of now, Avalanche's market capitalization stands at approximately $4.6 billion, with a circulating supply of around 354 million AVAX tokens out of a total supply of 432 million. The platform also experiences a 24-hour trading volume averaging $75 million, highlighting its active market presence.
One of the key features of Avalanche is its consensus protocol, which allows for sub-second transaction finality and extremely low transaction fees, making it a go-to choice for both developers and users. Avalanche also offers compatibility with Ethereum, enabling developers to deploy Ethereum smart contracts on its platform with ease, thus boosting its ecosystem growth.
The platform continues to attract projects with its scalability and speed, with over 450 decentralized applications currently running on Avalanche. Additionally, the network has seen the introduction of Avalanche Subnets, which allow projects to create custom, application-specific blockchains that leverage Avalanche’s core architecture.
With its expanding ecosystem and innovative solutions, Avalanche remains a key player in the blockchain industry, catering to both developers and institutional clients.
DYOR. Got any suggestions or coins you’d like to hear more about? Comment below, and I’ll research it for you!
#EmperorMajesty #AvalancheHub $AVAX $AVA #WeAreAllSatoshi #BTCReboundsAfterFOMC #HBODocumentarySatoshiRevealed $XLM
Avalanche (AVAX) has solidified its position as one of the leading platforms for decentralized applications and enterprise blockchain solutions. As of now, Avalanche's market capitalization stands at approximately $4.6 billion, with a circulating supply of around 354 million AVAX tokens out of a total supply of 432 million. The platform also experiences a 24-hour trading volume averaging $75 million, highlighting its active market presence.
One of the key features of Avalanche is its consensus protocol, which allows for sub-second transaction finality and extremely low transaction fees, making it a go-to choice for both developers and users. Avalanche also offers compatibility with Ethereum, enabling developers to deploy Ethereum smart contracts on its platform with ease, thus boosting its ecosystem growth.
The platform continues to attract projects with its scalability and speed, with over 450 decentralized applications currently running on Avalanche. Additionally, the network has seen the introduction of Avalanche Subnets, which allow projects to create custom, application-specific blockchains that leverage Avalanche’s core architecture.
With its expanding ecosystem and innovative solutions, Avalanche remains a key player in the blockchain industry, catering to both developers and institutional clients.
DYOR. Got any suggestions or coins you’d like to hear more about? Comment below, and I’ll research it for you!
#EmperorMajesty #AvalancheHub $AVAX $AVA #WeAreAllSatoshi #BTCReboundsAfterFOMC #HBODocumentarySatoshiRevealed $XLM
I think #AVALANCHE is an excellent example of how effectively the power of the #DAOLabs #SocialMining platform can be used. Avalanche organized their community perfectly, especially during the testnet period. They informed, guided and encouraged them to participate in the testnet with rewards at every stage. I remember this process very well too.
Currently, many projects have problems after testnets with rewards. Users don't know exactly what to do or how to proceed. Or they can't fulfill the requirements of the testnet because of wrong and incomplete information.
But in the Avalanche testnet time, everything progressed in an orderly manner. Specific tasks were published on #AvalancheHub and through these tasks, many guides were published for testnet users in the form of both videos and articles. Thanks to these guides the participation of the community has increased and an active community has been created that voices problems and finds solutions to these problems. Don't you think this is important for a project? An active and informed community.
As social miners, we are not only part of the Avalanche ecosystem, but we are also taking active roles in increasing the value and reach of #AVAX✅ .
It's really an honor to be part of this process.
Currently, many projects have problems after testnets with rewards. Users don't know exactly what to do or how to proceed. Or they can't fulfill the requirements of the testnet because of wrong and incomplete information.
But in the Avalanche testnet time, everything progressed in an orderly manner. Specific tasks were published on #AvalancheHub and through these tasks, many guides were published for testnet users in the form of both videos and articles. Thanks to these guides the participation of the community has increased and an active community has been created that voices problems and finds solutions to these problems. Don't you think this is important for a project? An active and informed community.
As social miners, we are not only part of the Avalanche ecosystem, but we are also taking active roles in increasing the value and reach of #AVAX✅ .
It's really an honor to be part of this process.
Believing in the Power of Avalanche
An avalanche is a fascinating natural phenomenon characterised by the rapid movement of snowballs down a steep slope.
Interestingly, this concept finds a metaphorical echo in social mining studies, especially in blockchain ecosystems.
Social mining HUBs can most meaningfully generate the synergy needed for a blockchain project to promote itself, make people believe in it, and, more importantly, be sustainable.
We call this the "magic" of social mining. Once a project HUB is established, social miners can generate huge benefits from collective action in a project hub, just as snowballs can create an "avalanche" from the collective dynamics of the terrain. In the right conditions, the intimate and small-scale contribution and interaction of a Social Miner can turn into a giant community avalanche, and the project can shine as if giant spotlights were shining on it.
In 2018, the technology company Ava Labs in New York, USA, introduced a layer1 blockchain to the blockchain technology world as an alternative to classic consensus protocols.
They named their project "Avalanche", inspired by the three-stage consensus protocols (Snowflake, Snowball and Avalanche.)
The #AvalancheAVAX #AvalancheAVAXproject, which is now in the top 10 of the blockchain world, has benefited from the positive energy of the #AvalancheHub, #AvalancheHub, one of DAO Labs' most active social mining HUBs, since its testnet in 2020.
DAO Labs' Social Mining efforts represent a new approach to community management and the promotion of community work.
At #TheDAOLabs #TheDAOLabsSocial Miners come together in the Hubs of Projects. Community members, who form the core of the project community, are encouraged to produce content supporting the social mining platform's DAO, thus raising awareness of the project. These community activities empower social miners to actively participate in ecosystem growth and development and foster a sense of ownership and belonging in the hub.
HUB members are rewarded for their contributions with native tokens or other digital assets.
This symbiotic relationship between contributions and rewards underpins a thriving token economy where the value of tokens is derived from the collective efforts and contributions of the community.
DAO Labs, a social mining platform, recognises the valuable contributions of community members through a transparent and meritocratic mechanism. Reputation points generated by community loyalty and valuable content incentivize social miners to create higher-quality content. The benefit of all these incentives goes far beyond short-term awareness-raising and plays a critical role in the long-term sustainability of the project ecosystem.
Of course, a project's community hub is not only made up of content creators; participants come from all walks of the blockchain space, including developers, web designers, graphic designers, blockchain enthusiasts, traders, business developers, holders, and influencers.
Within this community, everyone contributes their talent or skill to the project's value, locked in a common goal.
Some produce content and spread it on social media to help the project gain broader exposure in the blockchain space and reach investors.
Some contribute to network security through delegation by staking the project token or running nodes.
Projects with active Social Mining HUBs almost guarantee sustainability during bear seasons or slow periods through community power.
The Avalanche Hub is one of the most advanced examples of Project HUBs that combine project communities with DAO Labs social miners.
Inspiring my article title, "Avalanche" is a high-performance layer1 blockchain project coded for the development of decentralised applications (dApps)
This unique consensus protocol ensures the network is fast, reliable and scalable. The Avalanche blockchain offers flexible usage possibilities with its subnets and has taken its rightful place in the blockchain technology field with its mainnet.
DAO Labs social miners discovered this high-performance blockchain project in early 2020 when it was still in the testnet phase. Today, they are the first community members of the Avalanche HUB, home to one of the most influential communities in the blockchain space.
If we look at the values produced by Avalanche HUB, which has been growing continuously for more than four years, as of April 2024, 28,000 registered HUB members have completed nearly 8,000 team tasks to date. Avalanche HUB continues to spread the Avalanche ecosystem with 2,200 daily active social miners on Telegram, Twitter and Reddit.
The numbers generated by Avalanche HUB on X are also very striking. 6734 Avalanche HUB member users with more than 1 million engagements generated more than 54.5 million impressions.
The breakdown of Avalanche Hub's community members by country, blockchain skills, and professional skills is also remarkable.
The infographic above outlines one of the most influential aspects of the Avalanche HUB. During the testing of the Avalanche network in 2020, social miners tested their technical knowledge and skills as validators.
Social Mining HUBs allow you to go beyond your existing skills. They are like multi-program schools.
The average social miner uses Canva and Photoshop, learns grammar and English spelling, and learns how to install and run many programs on their PC. They develop the PC skills required by blockchain technology.
If you search for what distinguishes the Avalanche project from other layer 1 projects, in addition to its technical superiority, you will definitely see the influential community among its features. This is realised through DAO Labs' social mining.
Avalanche Hub has a reward mechanism that incentivises effective user engagement. For example, community members with Project tokens can contribute to the network's security by staking and receiving rewards.
Developers or web designers provide technical support by checking for bugs or participating in testnets when needed. Business developers seek collaborations and partnerships that will benefit the project's expansion.
Social miners can earn rewards for sharing developments in the ecosystem on social media. REP points incentivise those who perform quality tasks.
Here is the joyful, sincere content produced by Avalanche HUB social miners in all their sincerity.
Check out how Avalanche HUB members show loyalty to their project on their X profiles.
Everyone is wearing their Avalanche hat.
You can find hundreds of such products on the Avalanche's official Twitter page.
Let's summarise how the collaboration between DAO Labs Social Mining and the Avalanche AVAX project created an "AVALANCHE":
The most important result achieved with establishing the Avalanche HUB is undoubtedly the adoption and awareness of the Avalanche project. By encouraging HUB members to create and share content about Avalanche's technology, use cases, and ecosystem developments, the HUB has increased the project's reach and visibility in the broader blockchain community. This increased awareness has attracted new users, developers, and investors to the Avalanche ecosystem, accelerating its growth and adoption.
The Avalanche HUB has created a fertile ground for innovation and collaboration within the Avalanche ecosystem. The social mining platform catalysed creative experimentation, idea sharing and collaborative problem-solving by bringing together a diverse community of developers, entrepreneurs and enthusiasts. This collaborative ethos has led to new DeFi protocols, decentralised applications, and ecosystem integrations, making the Avalanche ecosystem a giant and propelling it towards its vision of becoming a leading blockchain platform.
Conclusion:
Blockchain technology has brought the financial and technological world its latest revolution with the potential to provide a decentralised and trusted structure.
However, like any revolution, it has come with many issues that need to be completed and processed.
In addition to ensuring the continuous technological development of blockchain projects, we also need to make progress on the issue of mass adoption.
From this perspective, the real solution to the 2 major handicaps of blockchain projects and cryptocurrency - volatility and sustainability - lies in large, informed and loyal holder communities. Social Mining has always played and will continue to play a critical role in creating these communities.
As one of the first social miners of Avalanche HUB, I would like to express my deep gratitude to the founding leader of the Avalanche $AVAX project, esteemed professor Emin Gün Sirer and the AVA Lab Core team, who designed this excellent network project of which I am proud to be a citizen. Avalanche HUB was our baby; in these four years, it has grown into a giant adult ecosystem HUB. And, of course, I would like to pay my respects to the 2 managers, dear Giuseppe and Yusuf Emre, who have worked with incredible dedication since the day Avalanche HUB opened.
N.ipek Celik DYOR
Interestingly, this concept finds a metaphorical echo in social mining studies, especially in blockchain ecosystems.
Social mining HUBs can most meaningfully generate the synergy needed for a blockchain project to promote itself, make people believe in it, and, more importantly, be sustainable.
We call this the "magic" of social mining. Once a project HUB is established, social miners can generate huge benefits from collective action in a project hub, just as snowballs can create an "avalanche" from the collective dynamics of the terrain. In the right conditions, the intimate and small-scale contribution and interaction of a Social Miner can turn into a giant community avalanche, and the project can shine as if giant spotlights were shining on it.
In 2018, the technology company Ava Labs in New York, USA, introduced a layer1 blockchain to the blockchain technology world as an alternative to classic consensus protocols.
They named their project "Avalanche", inspired by the three-stage consensus protocols (Snowflake, Snowball and Avalanche.)
The #AvalancheAVAX #AvalancheAVAXproject, which is now in the top 10 of the blockchain world, has benefited from the positive energy of the #AvalancheHub, #AvalancheHub, one of DAO Labs' most active social mining HUBs, since its testnet in 2020.
DAO Labs' Social Mining efforts represent a new approach to community management and the promotion of community work.
At #TheDAOLabs #TheDAOLabsSocial Miners come together in the Hubs of Projects. Community members, who form the core of the project community, are encouraged to produce content supporting the social mining platform's DAO, thus raising awareness of the project. These community activities empower social miners to actively participate in ecosystem growth and development and foster a sense of ownership and belonging in the hub.
HUB members are rewarded for their contributions with native tokens or other digital assets.
This symbiotic relationship between contributions and rewards underpins a thriving token economy where the value of tokens is derived from the collective efforts and contributions of the community.
DAO Labs, a social mining platform, recognises the valuable contributions of community members through a transparent and meritocratic mechanism. Reputation points generated by community loyalty and valuable content incentivize social miners to create higher-quality content. The benefit of all these incentives goes far beyond short-term awareness-raising and plays a critical role in the long-term sustainability of the project ecosystem.
Of course, a project's community hub is not only made up of content creators; participants come from all walks of the blockchain space, including developers, web designers, graphic designers, blockchain enthusiasts, traders, business developers, holders, and influencers.
Within this community, everyone contributes their talent or skill to the project's value, locked in a common goal.
Some produce content and spread it on social media to help the project gain broader exposure in the blockchain space and reach investors.
Some contribute to network security through delegation by staking the project token or running nodes.
Projects with active Social Mining HUBs almost guarantee sustainability during bear seasons or slow periods through community power.
The Avalanche Hub is one of the most advanced examples of Project HUBs that combine project communities with DAO Labs social miners.
Inspiring my article title, "Avalanche" is a high-performance layer1 blockchain project coded for the development of decentralised applications (dApps)
This unique consensus protocol ensures the network is fast, reliable and scalable. The Avalanche blockchain offers flexible usage possibilities with its subnets and has taken its rightful place in the blockchain technology field with its mainnet.
DAO Labs social miners discovered this high-performance blockchain project in early 2020 when it was still in the testnet phase. Today, they are the first community members of the Avalanche HUB, home to one of the most influential communities in the blockchain space.
If we look at the values produced by Avalanche HUB, which has been growing continuously for more than four years, as of April 2024, 28,000 registered HUB members have completed nearly 8,000 team tasks to date. Avalanche HUB continues to spread the Avalanche ecosystem with 2,200 daily active social miners on Telegram, Twitter and Reddit.
The numbers generated by Avalanche HUB on X are also very striking. 6734 Avalanche HUB member users with more than 1 million engagements generated more than 54.5 million impressions.
The breakdown of Avalanche Hub's community members by country, blockchain skills, and professional skills is also remarkable.
The infographic above outlines one of the most influential aspects of the Avalanche HUB. During the testing of the Avalanche network in 2020, social miners tested their technical knowledge and skills as validators.
Social Mining HUBs allow you to go beyond your existing skills. They are like multi-program schools.
The average social miner uses Canva and Photoshop, learns grammar and English spelling, and learns how to install and run many programs on their PC. They develop the PC skills required by blockchain technology.
If you search for what distinguishes the Avalanche project from other layer 1 projects, in addition to its technical superiority, you will definitely see the influential community among its features. This is realised through DAO Labs' social mining.
Avalanche Hub has a reward mechanism that incentivises effective user engagement. For example, community members with Project tokens can contribute to the network's security by staking and receiving rewards.
Developers or web designers provide technical support by checking for bugs or participating in testnets when needed. Business developers seek collaborations and partnerships that will benefit the project's expansion.
Social miners can earn rewards for sharing developments in the ecosystem on social media. REP points incentivise those who perform quality tasks.
Here is the joyful, sincere content produced by Avalanche HUB social miners in all their sincerity.
Check out how Avalanche HUB members show loyalty to their project on their X profiles.
Everyone is wearing their Avalanche hat.
You can find hundreds of such products on the Avalanche's official Twitter page.
Let's summarise how the collaboration between DAO Labs Social Mining and the Avalanche AVAX project created an "AVALANCHE":
The most important result achieved with establishing the Avalanche HUB is undoubtedly the adoption and awareness of the Avalanche project. By encouraging HUB members to create and share content about Avalanche's technology, use cases, and ecosystem developments, the HUB has increased the project's reach and visibility in the broader blockchain community. This increased awareness has attracted new users, developers, and investors to the Avalanche ecosystem, accelerating its growth and adoption.
The Avalanche HUB has created a fertile ground for innovation and collaboration within the Avalanche ecosystem. The social mining platform catalysed creative experimentation, idea sharing and collaborative problem-solving by bringing together a diverse community of developers, entrepreneurs and enthusiasts. This collaborative ethos has led to new DeFi protocols, decentralised applications, and ecosystem integrations, making the Avalanche ecosystem a giant and propelling it towards its vision of becoming a leading blockchain platform.
Conclusion:
Blockchain technology has brought the financial and technological world its latest revolution with the potential to provide a decentralised and trusted structure.
However, like any revolution, it has come with many issues that need to be completed and processed.
In addition to ensuring the continuous technological development of blockchain projects, we also need to make progress on the issue of mass adoption.
From this perspective, the real solution to the 2 major handicaps of blockchain projects and cryptocurrency - volatility and sustainability - lies in large, informed and loyal holder communities. Social Mining has always played and will continue to play a critical role in creating these communities.
As one of the first social miners of Avalanche HUB, I would like to express my deep gratitude to the founding leader of the Avalanche $AVAX project, esteemed professor Emin Gün Sirer and the AVA Lab Core team, who designed this excellent network project of which I am proud to be a citizen. Avalanche HUB was our baby; in these four years, it has grown into a giant adult ecosystem HUB. And, of course, I would like to pay my respects to the 2 managers, dear Giuseppe and Yusuf Emre, who have worked with incredible dedication since the day Avalanche HUB opened.
N.ipek Celik DYOR
AVALANCHE TO REWARD DEVS BUILDING LAYER-1 CHAINS WITH $40M GRANT
📶📶The Avalanche Foundation announced a $40 million grant to support developers creating layer-1 blockchains on the Avalanche network.
On Sept. 26, Avalanche unveiled “Retro9000,” a retroactive grant program that supports its most recent upgrade called “Avalanche9000.”💚💚 The upgrade gives developers a simpler and more economical way to create L1 blockchains.
An Avalanche spokesperson told Cointelegraph that the upgrade brings the network closer to its vision. “This is the largest upgrade in Avalanche’s history and brings it closest to the original vision outlined in the white paper,” the spokesperson said. 💎💎
The spokesperson added that their goal with the grant program is to “build a strong pipeline of builders” who see new technical solutions as a means to deliver their product or business to the masses.
DEVELOPING LAYER 1 BLOCKCHAINS AND CRITICAL TOOLING
In the announcement, Avalanche also said the Retro9000 grant program will reward developers who build L1 chains and critical developer tooling on the Avalanche9000 testnet. 📈📈
According to Avalanche, submissions will be ranked on a public leaderboard, with community votes guiding the distribution of retroactive grants. Avalanche said the program encourages devs to build in public, earn the community’s support, and test and ship projects to receive rewards.
The grant program is funded by the Avalanche Foundation, an organization that supports initiatives to foster the adoption of the Avalanche blockchain network. ✅✅According to the foundation, the grant program’s goal is to incentivize the testing and launching of foundational ecosystem building blocks on Avalanche.
Luigi D’Onorio DeMeo, the chief operating officer at Ava Labs, said that the Avalanche9000 upgrade is a culmination of years of development work. 📶📶
“Leveraging this moment, the Retro9000 incentivized testnet program attempts to bootstrap an L1 ecosystem and provide the earliest and most engaging developers incentives to build their product,” DeMeo said. 📈📈
SUPPORTING THE AVALANCHE9000 UPGRADE
The spokesperson stressed that community votes are also an important factor for developers who want to get their rewards from the grant program. They said:
“The community is engaged to signal their preferences and vote on builders. While ultimately the discretion is for the Avalanche Foundation to reward builders who build Avalanche L1s and related tooling, the community votes and leaderboard are a key point of consideration.” 🥰🥰
The Avalanche spokesperson also told Cointelegraph that this is only the first of many programs that will be launched to ensure that its Avalanche9000 upgrade will be successful.
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#AvalancheHub #Avax🔥🔥
On Sept. 26, Avalanche unveiled “Retro9000,” a retroactive grant program that supports its most recent upgrade called “Avalanche9000.”💚💚 The upgrade gives developers a simpler and more economical way to create L1 blockchains.
An Avalanche spokesperson told Cointelegraph that the upgrade brings the network closer to its vision. “This is the largest upgrade in Avalanche’s history and brings it closest to the original vision outlined in the white paper,” the spokesperson said. 💎💎
The spokesperson added that their goal with the grant program is to “build a strong pipeline of builders” who see new technical solutions as a means to deliver their product or business to the masses.
DEVELOPING LAYER 1 BLOCKCHAINS AND CRITICAL TOOLING
In the announcement, Avalanche also said the Retro9000 grant program will reward developers who build L1 chains and critical developer tooling on the Avalanche9000 testnet. 📈📈
According to Avalanche, submissions will be ranked on a public leaderboard, with community votes guiding the distribution of retroactive grants. Avalanche said the program encourages devs to build in public, earn the community’s support, and test and ship projects to receive rewards.
The grant program is funded by the Avalanche Foundation, an organization that supports initiatives to foster the adoption of the Avalanche blockchain network. ✅✅According to the foundation, the grant program’s goal is to incentivize the testing and launching of foundational ecosystem building blocks on Avalanche.
Luigi D’Onorio DeMeo, the chief operating officer at Ava Labs, said that the Avalanche9000 upgrade is a culmination of years of development work. 📶📶
“Leveraging this moment, the Retro9000 incentivized testnet program attempts to bootstrap an L1 ecosystem and provide the earliest and most engaging developers incentives to build their product,” DeMeo said. 📈📈
SUPPORTING THE AVALANCHE9000 UPGRADE
The spokesperson stressed that community votes are also an important factor for developers who want to get their rewards from the grant program. They said:
“The community is engaged to signal their preferences and vote on builders. While ultimately the discretion is for the Avalanche Foundation to reward builders who build Avalanche L1s and related tooling, the community votes and leaderboard are a key point of consideration.” 🥰🥰
The Avalanche spokesperson also told Cointelegraph that this is only the first of many programs that will be launched to ensure that its Avalanche9000 upgrade will be successful.
DON'T FORGET TO FOLLOW ME FOR FUTURES TRADING SIGNALS🔥🔥🔥🔥
#AvalancheHub #Avax🔥🔥
$AVA As of today, with AVA priced at **$0.5125**, the sentiment leans towards **bullish** due to recent positive market trends and increased trading volume. Here are the updated price predictions:
- **Buy Price**: **$0.5050** (an opportunity to enter the market before potential gains).
- **Sell Price**: **$0.5300** (targeting a profit based on current upward momentum).
Traders should watch for key resistance levels and market news that may impact price movements. Always consider market volatility when making trading decisions.
#avalanchunlocks #AvalancheHub #AVAX.智能策略库🥇🥇 #Write2Earn! $AVA
- **Buy Price**: **$0.5050** (an opportunity to enter the market before potential gains).
- **Sell Price**: **$0.5300** (targeting a profit based on current upward momentum).
Traders should watch for key resistance levels and market news that may impact price movements. Always consider market volatility when making trading decisions.
#avalanchunlocks #AvalancheHub #AVAX.智能策略库🥇🥇 #Write2Earn! $AVA
$AVA AVA (Avalanche) Analysis
**Current Price:** $0.5120
**Market Sentiment:** **Bullish**
**Analysis:**
- **Short-Term Trends:** AVA is currently experiencing upward momentum, supported by increased trading volume and positive market sentiment.
- **Technical Indicators:** The moving averages indicate a bullish crossover, and the RSI is approaching the overbought territory, suggesting continued upward pressure.
**Price Updates:**
- **Buy Price:** $0.5000 (support level)
- **Sell Price:** $0.5500 (resistance level)
Summary
Given the current bullish trend, consider buying around $0.5000 and targeting a sell at approximately $0.5500 for short-term gains. Always ensure to manage risks and consider market volatility.
#Avax🔥🔥 #avalox #AvalancheHub
**Current Price:** $0.5120
**Market Sentiment:** **Bullish**
**Analysis:**
- **Short-Term Trends:** AVA is currently experiencing upward momentum, supported by increased trading volume and positive market sentiment.
- **Technical Indicators:** The moving averages indicate a bullish crossover, and the RSI is approaching the overbought territory, suggesting continued upward pressure.
**Price Updates:**
- **Buy Price:** $0.5000 (support level)
- **Sell Price:** $0.5500 (resistance level)
Summary
Given the current bullish trend, consider buying around $0.5000 and targeting a sell at approximately $0.5500 for short-term gains. Always ensure to manage risks and consider market volatility.
#Avax🔥🔥 #avalox #AvalancheHub
#AvalancheHub #AVA held the strong level of 4.7210 , first will be a rise to 1$ , then the uptrend #bullrun2024📈📈 🚀