Community Trust ScoreVerified
Stephen Stonberg, CEO BitTrex Global in his crypto thought series stated that Avalanche AVAX is one of the projects in the cryptocurrency space that got him insanely excited. He stated that Avalabsofficial is in the middle of exciting developments in the cryptocurrency space.
Avalanche can process and settle transactions in an efficient manner. Several other developers in the space are moving their projects onto this network. AVAX is a deflationary, fixed-cap supply token, meaning there need to be no concerns about inflation or loss of value. The use cases for this token are endless. The transaction fees and creation of new chains and subnets are all organized using AVAX.
Stonberg also pointed to how Avalanche is building the Internet of Finance, bridging the gap between the DeFi space and the traditional financial world. Also, there are many potential use cases for DeFi like concept to reality, putting the power back into the hands of communities from across the globe and letting them take back control and ownership over their financial futures. Big, visionary thinking is what the project is all about. All this is made possible with the level of innovation and transparency, which will be simply off the charts.
Community response: The AVAX community is very confident that Avalanche will outperform everything in the crypto world. The community is strong and bullish.
AVAX is complete, and the ecosystem is extremely young when compared to others, touting a far greater value in multi-billions; AVAX is in a great position to grow and gain market position.
Let’s also not forget that safety comes first with a safety threshold of up to 80% as opposed to previous protocols 51% and 33%, respectively.
With its high finality speed and subnets, Avalanche’s architecture supports world financial system use cases that no other platform can.
Recently Emin Gun Sirer stated: If you want to do a swap on a DEX, it’s much cheaper to bridge assets to Avalanche ($AVAX) and swap there than to do the operations on Ethereum.
However, one of the community member stated: This is a lie. This new amazing AB Bridge creates new tokens, which are not tradable. So, I used the bridge, realized it’s a new useless version of a token, then bridged the token back to Ethereum and traded it on Uniswap Thx for this experience.
In response, someone acknowledged stating: Migration into new assets is not complete yet, so this is true for now.
The sad truth is, somebody promotes the “not complete” process. This useless bridge trx cost me 20$. Avalanche has awesome technology, but poor product management. And, this is probably why user number doesn’t correspond to the quality of Avalanche technology. This is true for now.
