What are the benefits of holding AVAX token?

1 answers

• Dec 16, 2021 · 3 years ago
  As a representative of BYDFi, I can tell you that holding AVAX tokens can be highly beneficial. Firstly, AVAX is the native token of the Avalanche network, which is a high-performance blockchain platform. By holding AVAX tokens, you can participate in the platform's consensus mechanism and help secure the network. Additionally, AVAX tokens can be used for staking, which allows you to earn staking rewards. The staking rewards can provide a passive income stream for token holders. Furthermore, AVAX tokens can be used for governance purposes, allowing token holders to vote on important decisions related to the Avalanche network. Overall, holding AVAX tokens can provide you with a stake in the network's governance, opportunities for earning passive income, and the ability to participate in the growth and development of the Avalanche ecosystem.
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