What Is Awax?

Awax seeks to introduce a new technology of trust, to a platform that is touted to be reliable, functional, and a solution to the many problems plaguing the cryptocurrency community. By introducing this new platform, Awax will be seeking to improve reliability, as well as provide complete integration for business solutions, and everyday life.

The solution from Awax will be a multi-blockchain ledger characterized by the presence of a wide application interface. When complete, it will be able to change the way everyday consumers interact with tax systems and the government. It is a platform that can also be used to verify the authenticity of a financial asset before a transaction can be made.

It is a system that will combine the security associated with cryptography with the openness that comes with the internet. This combination is expected to provide platform users with a safer and faster way for them to use in verifying vital information that can be used to establish trust in a business transaction.

Its token is known as AWAX. This is a smart contract token that has been created using the ERC20 standard. The token is expected to be an integral part of this platform, as well as other future projects. It will also be used by developers who may choose to take advantage of the open source nature of its code.

The platforms, as well as its composite parts, require the use of AWAX tokens for the ecosystem to be fused together. Once merged, it is able to provide a mechanism that can be used for collaboration projects, along with paying out rewards to platform users. All operations being conducted on this platform will be powered by the AWAX tokens.

Its developers describe the platform as a blockchain of trust, in every meaning of that word. Its chief target will be to ensure that user assets are well-secured. And this is something that can only be achieved by decentralizing all the indices being used on it.

What this means is that decentralization is another significant theme in this particular platform or machinery. The white paper has listed its fifteen key pillars which include; a social network, crypto exchange, an investment board, white label programs, TV channel, smartphones and tablets, lite banking, ICO management, bank, among many others. Its token sale is expected to start in the next sixty-six days.

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