Avalanche is a high-capacity blockchain with fast transaction finality designed for decentralized applications regardless of scale. It excels through its unique architecture that allows users to create their own blockchains tailored to their needs. These can operate in parallel, optimizing both scalability and performance for the entire network.
Unlike most other platforms that offer a standardized solution, Avalanche allows users to create their own customized blockchains for specific use cases. Each chain can have its own rules and validators, while benefiting from the overall security of the Avalanche network, enabling a high degree of flexibility and customization.
Avalanche uses a new type of consensus mechanism called 'Avalanche Consensus,' which is based on a proof-of-stake model. This mechanism combines the benefits of both classical consensus protocols, offering low latency and high throughput, and Nakamoto consensus protocols, offering robust security in a decentralized environment.
Avalanche can handle up to 4,500 transactions per second without compromising on decentralization or security.
Avalanche supports smart contracts that are compatible with Ethereum, meaning developers can use existing tools like Solidity and Remix to create and deploy decentralized applications (dApps) on the platform. This simplifies migration from other blockchains and enables rapid development and deployment of new applications.
Virtune Avalanche ETP provides exposure to Avalanche through a 100% physically backed and regulated investment product listed on Nasdaq Stockholm. Coinbase, the global leader in institutional custody solutions, serves as the custodian for securely storing AVAX in cold-storage.
This product allows you to expose yourself to Avalanche in as straightforward a manner as trading a stock through your online broker. Your investment in Avalanche is managed alongside your other securities investments. Additionally, the product can be held in your ISK (Investeringssparkonto) or capital insurance, potentially providing tax advantages.
Our product is 100% physically backed, meaning that we always store AVAX with our custodian Coinbase in an amount equal to at least 100% of the value of all our ETPs.
Virtune employs a Collateral Agent whose purpose is to protect and represent investors in our products. The cryptocurrencies held in cold storage (offline) at Coinbase are separate from Virtune's balance sheet.
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Last updated : 2024-07-05
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Exchange | Exchange code | Market Maker | Listing date | Bloomberg code |
---|---|---|---|---|
Nasdaq Stockholm | VIRAVAX | Flow Traders B.V. | 2024-07-04 | VIRAVAX |
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Non-custodial staking for increased security
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Non-custodial staking for extra increased security
Cheap and fast transactions
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Virtune is a Swedish company with Swedish owners and with its seat on Kungsgatan 26, Stockholm.
Virtune cooperates with international and market-leading partners to create secure and innovative investment products.
Virtune is a financial institution registered with the Swedish FSA to manage and trade cryptocurrencies.
Our name, Virtune, is a combination of the words โvirtualโ and โfortuneโ. We strongly believe that the future of the crypto market holds exciting potential. Through traditional financial products traded on stock exchanges, we provide both institutional and retail investors with access to the world of crypto. This is the Virtune way.
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