Avalanche | Figment | Blockchain Simplified

Why Stake with Figment?

EXPERIENCED & TRUSTED

Original testnet participant and maker of Hubble and DataHub for Avalanche.

Figment is a venture funded, registered Canadian company, based in Toronto. Canada offers stability, rule of law and clear crypto regulation.

FEATURES & BENEFITS

Figment Prime and discounts available for large token holders. Contact us for more information.

Active participant in the Avalanche ecosystem.

SECURITY & SAFETY

The world’s most advanced physical IDC + multi-cloud staking infrastructure.

You maintain custody of your AVAX at all times.

Third-party custody solutions are available through our institutional partners. Contact us for more information.

COMPLIANCE

Protected via industry-leading delegation agreement.

Learn More

Avalanche is an upcoming layer one protocol by Ava Labs that plans to offer high-throughput, fast finality, and unprecedented decentralization. Developers will be able to launch their own public or private blockchains (called subnets), create and trade digital assets, and build scalable smart contracts and decentralized applications.

Subnets within the Avalanche network will be highly customizable and will have their own incentive structures.

Because of this customization, companies can create legally compliant permissioned subnets while still being connected to the grander Avalanche network. This could lead to the creation of new financial primitives and bring more traditional financial products into the blockchain space in a decentralized way.

Resources

Frequently Asked Questions

What is the name of the asset being staked?

The AVAX token.

What are the asset(s) that I earn for staking?

AVAX tokens are rewarded for validating on the “default” subnet. Future subnets may reward validators and stakers in another asset.

Can my staked assets be slashed (seized or destroyed)?

There will be no slashing on the default subnet. That being said, future subnets are able to set their own slashing penalties.

Who or what controls my staked token?

You maintain custody of your AVAX at all times. There is no bonding or unbonding period.

What is the total supply of AVAX?

720 million.

What is the AVAX token used for?

At the base level, the AVAX token will be used for –

rewarding validators for validating on the default subnet
paying for transaction fees on the default subnet
creating a new subnet or blockchain
sending an asset to the X-Chain
on-chain governance participation

Can validators choose to validate on any subnet?

All validators on Avalanche must validate on the “default subnet”.

This subnet consists of three chains:

Platform Chain – This chain stores the network metadata (i.e. what subnets and blockchains exist, who is validating what, etc.).
Exchange Chain – This chain supports asset creation and trading.
Contract Chain – This chain is an Ethereum Virtual Machine instance that runs on Avalanche’s Avalanche consensus.

Outside of this requirement, validators are free to choose which subnets they want to validate on, and they do not have to run multiple nodes to validate on multiple subnets, unless it is a requirement by the subnet.