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Avail Project: News about the launch of the main network of Avail DA and the AVAIL token
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Avail Project: News about the launch of the main network of Avail DA and the AVAIL token

Jul 23, 2024

Avail, a forward-thinking blockchain initiative, has recently introduced its data availability mainnet and native AVAIL token, marking a significant advancement in addressing blockchain scalability and data accessibility. Led by Anurag Arjun and supported by renowned investors like Founders Fund and DragonFly Capital, Avail aims to innovate the blockchain landscape through the Avail DA platform.

The AVAIL token holds a critical role within the project, facilitating data availability fee payments, staking for network security, and engagement in governance decisions using a community-centric approach.

While detailed information on the tokenomics is limited, Avail has disclosed a total supply of 10 billion AVAIL tokens and initiated a 600 million token airdrop for eligible participants gearing up for the Avail DA mainnet launch.

Looking towards the future, Avail's strategic roadmap includes the release of the Nexus interoperability layer and the Fusion security network layer. The project's commitment to innovation is evident in its adoption of light clients and a Nominated Proof-of-Stake (NPoS) consensus mechanism to promote decentralized validation within the network.

Avail DA's integration of KZG commitments and data availability sampling provides developers with a robust data availability infrastructure. This integration enables developers to seamlessly integrate various execution environments with Avail DA, empowering the creation of efficient blockchain solutions with minimal complexity.

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