LOGO_CRYPTO_SIGHT

AVA Labs Blockchain Protocol Carries Out Distribution Work For 2M Tokens Before Official Release

By Katelyn James | May 30, 2020

AVA Labs – a blockchain protocol developed by Cornell’s Emin Gün Sirer – is reportedly going to carry out the distribution process for 2 million tokens in the final test phase, prior to the official release this year. 

Specifically, the “Denali Testnet” will reportedly be the last testing phase of the AVA network prior to its mainnet available. The testnet will reportedly enable earning for individual validator with a maximum of 2,000 AVA network’s native tokens. 

AVA Labs tokens are reportedly not available on any crypto exchange platforms at the moment, and are not rolled out for the public audience to buy either.

Despite the registering process for the testnet is available on May 29th, its first stage will be released on June 1st. Participants will reportedly need to finalize the setting up work for live nodes. 

The Denali testnet is reportedly made up of three primary challenges, with its operation duration lasting till June 15th. Despite summer 2020 being the previously selected timeframe to finalize the AVA Labs transfer to its mannet, the official date for the project releasing it yet to be determined. 

The Denali testnet is reportedly conducted after the previous one, dubbed “Cascade”, was carried out successfully in April this year. AVA’s Cascade testnet has reportedly supported over 300 developers in setting up and running validator nodes.

AVA Labs is reportedly a Sirer-conducted open-source platform and a layer 1 protocol to build decentralized finance (DeFi). applications and enterprise blockchain tools.

Tags: , ,

Related Articles

Comments