Bitget App
Trade smarter
Buy cryptoMarketsTradeCopyBotsEarnWeb3

Avascriptions (AVAV): Powering the ASC-20 Ecosystem

iconShare
2024-01-16
Avascriptions (AVAV): Powering the ASC-20 Ecosystem

What is Avascriptions (AVAV)?

Avascriptions is a protocol on the Avalanche blockchain that offers optimized solutions for deploying, inscribing (minting), and trading ASC-20 tokens.

ASC-20, short for Avalanche Standard Contract-20, is a token standard made for the Avalanche blockchain. Much like its counterparts, such as Bitcoin Ordinals, ASC-20 introduces a revolutionary concept - the ability to inscribe arbitrary data on the native token of the blockchain, which is AVAX in this case.

This newfound capability has triggered a surge in trading activity, reminiscent of the excitement witnessed during the early days of Bitcoin Ordinals. The ASC-20 standard enables users to deploy, mint, and trade tokens in a manner that is both convenient and secure. Its significance lies in the efficient execution of smart contracts on the Avalanche network, fostering a fertile ground for innovation and exploration.

Avascriptions was one of the first protocols to embrace ASC-20. It offers a user-friendly platform for deploying, minting, and trading these tokens. Avascriptions' role as an early adopter and facilitator of user-friendly solutions positions it as a key player in the ongoing narrative of ASC-20's growth. The surge in ASC-20 transactions, which is partly fueled by Avascriptions’ contributions, demonstrates the protocol’s immediate impact.

At the time of writing, Avascriptions has achieved a market cap of $44,114,279 after less than 2 months in operation.

How Avascriptions (AVAV) Works

Avascriptions offers straightforward processes for deploying, minting, and transferring tokens. This includes deployment mechanisms where users can input crucial data such as tick, total supply, and limit to complete the deployment process. Minting operations involve navigating to the Token details page, selecting "avascribe," and choosing the ASC-20 token in progress. Transferring tokens is simplified through the My Avascriptions page, allowing users to specify quantity and recipient address.

The marketplace allows easy and convenient ASC-20 token trading. It also implements a Verified Badge System that recognizes and rewards contributors based on their trading volume. The tiered badge system, including the ASC-20 Eco-Builder, ASC-20 Eco-Pioneer, ASC-20 Eco-Navigator, and ASC-20 Eco-Legend, adds an element of gamification and encouragement for active participation.

Moreover, Avascriptions has a comprehensive index for ASC-20 token search.

AVAV Goes Live on Bitget

AVAV, the token associated with the Avascriptions protocol, has achieved a remarkable milestone, surpassing a trading volume of 1 million AVAX. This accomplishment positions AVAV among the top inscriptions across all public chains.

Furthermore, AVAV has expanded its reach by securing a listing on Bitget, the world's fourth-largest CEX. This listing not only marks a significant milestone for Avascriptions but also is a breakthrough for the ASC-20 ecosystem.

Take this opportunity to be an ASC-20 pioneer and trade AVAV on Bitget as the token is listed on January 15.

How to Trade AVAV on Bitget

Step 1: Go to AVAVUSDT spot trading page

Step 2: Enter the amount and the type of order, then click Buy/Sell.

For detailed instructions on how to spot trade in Bitget, please read The Uncensored Guide To Bitget Spot Trading.

Avascriptions represents a promising chapter in the ongoing narrative of blockchain innovation. Their contribution to the growth of the Avalanche network and the wider blockchain market underscores the potential for positive disruption. As the project continues to unfold, users, developers, and investors will be keenly observing the evolution of Avascriptions and the ASC-20 ecosystem. Everyone can anticipate further milestones and breakthroughs in the fascinating blockchain world with AVAV.

Trade AVAV on Bitget now!

Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.