The AVAX token sale starts on July 8 on a website run by AVA Labs, but which exchanges will list AVAX after the sale?
Back in November 2019, Emin Gün Sirer mentioned that AVA Labs was talking to a few exchanges, and pointed out that Coinbase was evaluating Avalanche.
In a blog post in September 2019, Coinbase said they were exploring support for several new assets, including Avalanche. Coinbase and AVA Labs share common investors including a16z and Polychain Capital.
AVA Labs is based in New York, and if they wanted an initial listing on a U.S. based exchange, top options would include Coinbase, Gemini, and Kraken.
On the other hand, the Avalanche Foundation is based in Singapore, and the foundation and its affiliates will be conducting the public sale.
The AVA Ticker
As recently as a few weeks ago [1, 2], AVA Labs still hoped to use AVA as the name and ticker of Avalanche’s native token.
However, Binance-affiliated Travala already has a token named AVA, and that seems to have partially influenced the decision to rebrand Avalanche’s token to AVAX.
It is reasonable to expect that discussions occurred between AVA Labs and Travala or Binance over the ticker symbol. Would the ticker dilemma have any influence on the choice of initial exchanges for AVAX?
AVA Labs team members have said AVAX will be available as soon as possible after the public sale on a top tier exchange. We don’t know which one it will be, but Coinbase is certainly a top contender.
Regardless, given the significant interest around the AVAX public sale, it seems likely that many exchanges will seek to add support for AVAX.
AVA Labs CEO Emin Gün Sirer discussed the future of Avalanche in a livestream with Chainlink co-founder Sergey Nazarov on June 26.
We have new digital asset types, some built around oracle information, some entirely new kinds of assets that nobody has ever thought about before.
Sirer revealed the next version of the network will be called Everest, following the current network named Denali.
On July 8, there will be a public sale for the AVAX token, and Emin said mainnet will launch at around that time if all goes well.
Ava Labs has lots of exciting things to open up to the world, according to Sirer:
Lots of exciting solutions are coming in the identity space, in the exchange DEX (decentralized exchange) space, in tokens of all kinds, NFTs (Non-Fungible Tokens), and so forth on top of Avalanche. These are all in the pipeline and I’m really excited to see them.
Sirer also described the improvements Avalanche can bring to Wall Street:
We can revolutionize what Wall Street does. We can revolutionize how people buy assets, how they trade them. We can bring wealth to a much broader range of people around the globe. And this is what keeps me going through all this.
Near the end of the livestream, Sirer summarized his goal for the future:
Sirer explained that crypto is not a zero sum game. There’s a lot of value not in blockchain form yet, and he’d like to bring it to a fully functioning, fast, secure platform like Avalanche.