avax: News of Avalanche (AVAX) - July 2024 Price Update - 7.71% Breakout Crypto News and Analysis

Spot the Main Event:

Introducing Avalanche Interchain Token Transfer, simplifying the traditionally complex and costly process of creating and auditing smart contracts for token bridging between L1s. ICTT makes it easy to send assets like $USDC, $AVAX and $BTC between L1s on Avalanche.

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Spot the Main Event:

Stripe, a financial infrastructure platform for businesses with a fiat-to-crypto onramp, now supports the Avalanche C-Chain. Retail users can purchase AVAX directly through Stripe, removing the need to go through an exchange. Available to U.S. Stripe’s fiat-to-crypto onramp is a customizable widget embedded into Avalanche dApps, such as DEXes, NFT platforms, and digital wallets.

Explore the Core.

Avalanche is a blockchain platform launched in 2020, designed for high-speed decentralized applications (dApps) and smart contracts. It utilizes a unique proof-of-stake consensus mechanism, enabling rapid transaction finality of under one second and scalability through its three interoperable chains: the Exchange Chain (X-Chain), Platform Chain (P-Chain), and Contract Chain (C-Chain). This architecture supports customizable subnets, allowing developers to create tailored blockchain solutions while leveraging Ethereum compatibility for easier migration of dApps. The native token, AVAX, is used for transaction fees, staking, and governance within the network.

Spot the Main Event:

On the 19th of July,2024. Chronos world announced partnership with avax as their preferred deployment chain. This is a significant stride. This announcement gave Avax the benefits of headlines in the Chronos world ecosystem, investors from this communities were compelled to invest upon seeing Avax utilities and essence. This resulted to the scarcity of the token, causing it price to spike.

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Spot the Main Event:

Stripe integrate avalanche! Stripe, a financial infrastructure platform for businesses with a fiat-to-crypto onramp, now supports the Avalanche C-Chain. Retail users can purchase AVAX directly through Stripe, removing the need to go through an exchange. Available to U.S. Stripe’s fiat-to-crypto onramp is a customizable widget embedded into Avalanche dApps, such as DEXes, NFT platforms, and digital wallets. Core, Avalanche's native ecosystem wallet and portfolio developed by Ava Labs, has integrated Stripe’s onramp, giving users more ways to purchase assets on the Avalanche blockchain. Core users can select the Stripe onramp to fund their wallets using ACH, debit, and credit cards. Those interested can create a Core wallet using their Gmail or Apple ID and buy Avax through Core's extension or web app core.app. Stripe aims to address the "cold start problem" faced by Web3 companies, which occurs when customers don't have enough funds in their wallets to carry out transactions on the platform. Stripe handles all the KYC, payments, fraud, and compliance. Stripe’s onramp will provide a direct way for users to easily and quickly fund their wallets with AVAX and other supported tokens, and several leading Avalanche ecosystem partners have already indicated that they will be integrating with Stripe, including: GoGoPool, a permissionless staking protocol built for Avalanche Subnets that lowers the cost of running a validator node via liquid staking and minipools Avvy, a decentralized naming service designed to support the Avalanche ecosystem and its various subnets

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Explore the Core.

Avalanche and AVAX are building a comprehensive ecosystem of decentralized applications (dApps) and services on top of their blockchain platform

To God be the Glory

Spot the Main Event:

Introducing Avalanche Interchain Token Transfer, simplifying the traditionally complex and costly process of creating and auditing smart contracts for token bridging between L1s. ICTT makes it easy to send assets like $USDC, $AVAX and $BTC between L1s on Avalanche. 1️⃣ Anyone can deploy these contracts — they are completely permissionless and open by design. 2️⃣ Saves devs time and money by removing the need for extensive development time and costly auditing. 3️⃣ Rely on thoroughly audited contracts to ensure your token transfers are secure with no additional trust assumptions commonly found with traditional bridges.

This is not a financial advice. Please do your own research and consider the risks of trading cryptocurrencies.