$AVAIL Airdrop Opportunity on Binance Alpha 

Users with over 243 Binance Alpha points earned the right to receive a total of 2,667 $AVAIL tokens via airdrop. To claim their tokens, users must spend 15 Alpha points. The airdrop takes place in two phases: 

• Phase 1 (First 18 Hours): Users with at least 243 Alpha points can claim the airdrop. 
• Phase 2 (Last 6 Hours): Users with at least 199 Alpha points can participate in the airdrop on a first-come, first-served basis until the airdrop pool is fully distributed or the event ends, each receiving 2,667 $AVAIL tokens. 

What is $AVAIL? 

$AVAIL is a token listed on the Binance Alpha platform that offers innovative solutions in the Web3 ecosystem. Primarily used in decentralized finance (DeFi) and gaming projects, $AVAIL facilitates platform transactions and plays a role in staking, governance, and reward mechanisms. 

With trading competitions and airdrops on Binance Alpha, $AVAIL gives users early access and investment opportunities, attracting investors with its fast-growing token economy. 

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The post Binance Alpha Announces Two New Listings! Details appeared first on Coin Engineer.

The cryptocurrency market is underperforming compared to bullish expectations, with Bitcoin, the leading digital asset, losing nearly 6% of its value since September 1st, sparking concern among investors.

Amid the bearish sentiment dominating the market, which altcoins have managed to stay resilient?

Here are the altcoins standing firm in the face of a downturn…

Tribe (TRIBE)

Tribe (TRIBE), the project behind the stablecoin FEI, has made a name for itself in the decentralized finance (DeFi) space. TRIBE saw a 14% increase in the last 24 hours, showing impressive strength.

According to CoinGecko, TRIBE recorded an impressive $8.45 million in trading volume within the last day, pushing its market capitalization over $200 million.

Gomining Token (GOMINING)

Gomining Token (GOMINING), which allows users to mine without the need for physical infrastructure, has emerged as the second top-performing altcoin. By utilizing NFTs to digitize Bitcoin hashrate, the project saw an 8.1% increase in the past 24 hours.

In the same period, GOMINING posted a $12.28 million trading volume and reached a market cap of $177 million.

Avail (AVAIL)

Avail (AVAIL), a Rollup project that rivals Dymension (DYM), rose 5.2% in the past day, placing it among the top performers. As one of the newest coins of 2024, AVAIL became the third highest gainer of the day.

With a market cap of $242 million, AVAIL also registered a trading volume of $9.45 million in the last 24 hours.

Toncoin (TON)

Supported by Telegram, the layer-1 blockchain Toncoin (TON) saw a 4.3% increase in the last 24 hours. Despite facing challenges, TON demonstrated its ability to stay strong.

TON recorded a trading volume of $510 million and reached a market capitalization of $12.15 billion over the same period.

Simon’s Cat (CAT)

Simon’s Cat (CAT), a notable figure on the BNBChain, held its ground with a 3.3% rise in the last 24 hours. As the only memecoin among the top performers, CAT stood out.

CAT reported a trading volume of $74 million and a market cap of $154 million within the same timeframe.

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The post Bitcoin Plummets, These Altcoins Hold Steady! appeared first on Coin Engineer.

Avail DA offers a modular blockchain solution designed to optimize data availability, enabling developers to build more scalable, cost-efficient, and composable chains.

AVAIL Token Debuts

Concurrent with the launch, the AVAIL token is now live. The token will be used to pay for data availability fees, and token holders can begin staking tokens today to contribute to network security.

Furthermore, the AVAIL token will play a pivotal role in Avail’s governance, implementing a phased approach towards community decision-making.

While detailed information regarding AVAIL’s tokenomics remains limited, the project has disclosed a total supply of 10 billion AVAIL tokens. In April, Avail announced a 600 million token airdrop claimable following the mainnet launch of the Avail DA layer for eligible participants.

Avail is led by Anurag Arjun, a former co-founder of Polygon. Avail DA serves as the first component of Avail’s full-stack architecture. The project is currently focused on its next two major releases: the interoperability layer Nexus and the security mesh Fusion.

“The introduction of Avail DA and the AVAIL token marks the culmination of years of research and development aimed at addressing some of the most critical challenges facing web3 today, including blockchain fragmentation, insufficient data availability, and limited scalability,” said Arjun.

How Avail Works

Avail light clients leverage validity proofs and data availability sampling to verify data quickly on consumer-grade hardware like mobile phones. This enables instant data sampling without block finalization.

To prevent centralization, Avail employs a Nominated Proof-of-Stake (NPoS) consensus mechanism, evenly distributing staked tokens among validators. The network aims to start with 1,000 validators and potentially scale up to 10,000.

The post Avail Launches Data Availability Mainnet, Unveils AVAIL Token appeared first on Coin Engineer.

What is Avail?

Avail is a project enabling effortless scaling for any blockchain through its verifiable data availability layer, Avail DA. By integrating with Avail DA, blockchains can ensure the constant availability of their transaction data, a crucial factor for achieving limitless scalability.

Why Stake AVAIL?

Staking AVAIL offers several benefits:

Earn Rewards: Staking participants receive a portion of the rewards generated through inflation and transaction fees on the Avail network.

Contribute to Security: Staked AVAIL tokens contribute to the security of the network. The more tokens staked, the harder it becomes for malicious actors to disrupt the network.

Support Avail’s Growth: By staking AVAIL, you contribute to the overall growth and success of the Avail ecosystem.

Understanding Staking on Avail

Avail utilizes a Nominated Proof of Stake (NPoS) consensus mechanism. Here’s a breakdown:

Validators: These are responsible for validating transactions, producing blocks, and maintaining network integrity.

Nominators: Token holders who choose validators to secure the network on their behalf.

Staking Options: Nomination Pools vs. Nominating Validators

Avail offers two staking options:

Nominating Validators Directly: This method allows you to select and prioritize specific validators you want to support. It offers greater control but requires more research and active involvement.

Nomination Pools: A pool operator manages validator selection and reward distribution for pool members. This is a simpler approach but offers less control.

How to Stake AVAIL: A Step-by-Step Guide

Access the Avail Staking Dashboard: Visit staking.avail.tools/ through your web browser.

Choose Your Staking Method: Decide between nominating validators directly or joining a nomination pool.

Connect Your Wallet: Select the wallet containing your AVAIL tokens and connect it to the Avail Staking Dashboard.

Enter Staking Amount: Input the amount of AVAIL you wish to stake, keeping enough unstaked for transaction fees.

Choose Reward Settings: Decide how you want to manage your rewards (Allow Withdraw, Allow Compound, Permissioned).

Review and Confirm: Carefully review your selections and confirm the transaction to bond your stake.

Wait for the Next Era: Your stake will become active within 1-2 eras.

Monitor and Manage: Regularly check your staked tokens and earned rewards. Claim rewards periodically and adjust your nominations if needed.

Unstaking AVAIL

The unbonding process takes 28 days and temporarily restricts the use or transfer of your staked AVAIL tokens.

Conclusion

Staking AVAIL presents an opportunity to earn rewards while contributing to a future-proof blockchain technology. By participating in Avail’s growth, you’re helping shape the future of web3 scalability and data availability.

The post How to Stake AVAIL: Contribute to Avail’s Growth and Earn Rewards appeared first on Coin Engineer.

Focus on Rollup Scalability and Interoperability

This funding round builds upon a previous $43 million Series A focused on rollup scalability and interoperability. Avail’s core offering is a Data Availability (DA) solution that aligns with Ethereum’s Danksharding roadmap and is crucial for rollup scalability. Their incentive-driven testnet has demonstrated promising results, processing over 140GB of data submissions and exceeding 118 million completed transactions.

The Unification Layer: A Unified Framework for Blockchains

The newly raised funds will fuel the development of Avail’s Unification Layer and the introduction of Avail DA on the mainnet. This layer aims to provide a unified framework for seamless interaction between different blockchain ecosystems.

Anurag Arjun, Avail’s founder, emphasizes the need for “a way for rollups to scale & come together permissionlessly so that cross-rollup transactions can connect seamlessly.”

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The Unification Layer’s Core Modules:

The initial focus of the Unification Layer lies within three core modules:

1. Avail DA: This module leverages validity proofs and Data Availability Sampling (DAS) to enhance blockchain interoperability. It offers a novel approach for anyone to verify data availability in under a minute without requiring a full node.
2. Avail Nexus: Building upon Avail DA, Avail Nexus acts as a cross-chain coordination hub, facilitating smoother user and liquidity movement.
3. Avail Fusion: This module enhances blockchain security by introducing shared security. Avail Fusion enables restaking support for various assets, including ETH and BTC. It further unifies the ecosystem by shielding rollups with robust crypto-economic security derived from a basket of crypto-assets.

Benefits for Developers and Users

Avail’s Unification Layer strives to improve the experience for both blockchain developers and users. Here’s how:

• Developers: Developers can leverage Avail DA’s capabilities by building custom blockchains with minimal code using any technology.
• Users: Users benefit from seamless transactions across chains facilitated by Nexus, which manages asset transfers efficiently.

Avail Airdrop Phase 2

In addition to the funding news, Avail announced the second phase of their $AVAIL airdrop, offering an opportunity to earn free tokens.

Avail Ekosistemi ve Airdrobu Geliyor.

Önemli VC Capitallerden toplamda 75 Milyon Dolar yatırım toplamışlar. Uzun zamandır beklediğimiz ve içerik ürettiğimiz bir projeydi, heyecanlıyız.

Avail İnceleme videomuzda yakında Coin Mühendisi Youtube kanalımızda olacak https://t.co/7GSisTJ120

— Coin Muhendisi (@coinmuhendisim) June 4, 2024

The post Avail Secures $75 Million to Build Unification Layer for Web3 appeared first on Coin Engineer.

The injection of funds will primarily support the development of Avail’s three core products: “Avail DA”, “Nexus” and “Fusion Security”. These products, collectively marketed as “Trinity,” are poised to revolutionize data management in Ethereum and beyond.

Bitcoin Has Surpassed $57,000: Why Is Bitcoin Rising?

The flagship component, Avail DA, is set to provide a data space for auxiliary Layer-2 networks or aggregations, promising faster and more cost-effective transaction management compared to foundational blockchains like Ethereum. The Avail DA, which is planned for release in the beginning of the second quarter of 2024, will play a significant part in the blockchain architecture with its modular design facilitating enhanced scalability.

The emergence of data availability solutions points to a paradigm shift in blockchain system architecture, enabling modular functionalities for transaction execution and data processing. The “Nexus” of Avail, a zero-knowledge, proof-based coordination aggregation, will serve as a critical infrastructure layer promoting seamless communication between different aggregations within and beyond the Avail ecosystem.

Avail’s Fusion Security initiative, moreover, aims to increase the security of the ecosystem by integrating leading cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH). “Nexus” is planned to go live in 2024.

Also, in the comment section, you can freely share your comments and opinions about the topic. Additionally, don’t forget to follow us on Telegram, YouTube and Twitter for the latest news and updates.

The post Avail Raises 27 Million Dollars in Seed Round appeared first on Coin Engineer.

The funding infusion will primarily fuel the development of Avail’s three core products: “Avail DA,” “Nexus,” and “Fusion Security.” These products, collectively marketed as the “Trinity,” are poised to revolutionize data management in Ethereum and beyond.

Avail DA, the flagship component, is set to provide data space for auxiliary layer-2 networks or rollups, promising faster and more cost-effective transaction handling compared to base blockchains like Ethereum. Scheduled for launch in the early second quarter of 2024, Avail DA represents a pivotal advancement in blockchain architecture, facilitating modular design and enhanced scalability.

The emergence of data availability solutions signals a paradigm shift in blockchain systems architecture, enabling modular functionalities for transaction execution and data processing. Avail’s Nexus, a zero-knowledge, proof-based coordination rollup, will serve as a crucial infrastructure layer, fostering seamless communication among different rollups within the Avail ecosystem and beyond.

Furthermore, Avail’s Fusion Security initiative aims to enhance the ecosystem’s security by integrating leading cryptocurrencies like bitcoin (BTC) and ether (ETH). With Nexus slated for deployment in 2024 and Fusion Security anticipated for 2025, Avail is poised to strengthen its position in the competitive Ethereum rollups space.

In the comment section, you can freely share your comments about the topic. Additionally, don’ t forget to follow us on Telegram, Youtube and Twitter for the latest news and updates.

The post Avail Raises $27M In Seed Round appeared first on Coin Engineer.

What is Avail?

Avail Team

Key Features of Avail

Road Map

Partners

Until the end of 2023, Avail announced partnerships with platforms such as Movement Labs, Sovereign Labs, Madara Starknet, Succinct, RollkitDev, Paima Studios, RiscZero, Vistaralabs, and Alt Layer.

Testnet Continues

Where to Buy Avail?

Avail is not currently traded on any exchange.

The post Modular Blockchain Project: What is Avail? appeared first on Coin Engineer.