What makes AVAX Token special?
The AVAX token is integral to the Avalanche network, primarily serving as a means to secure the platform through staking. AVAX holders can stake their tokens to validate transactions, which supports the network's security and earns them staking rewards. Additionally, AVAX has a hard cap of 720 million tokens, with fees generated across its various chains being permanently burned, which could reduce supply over time and potentially increase its value​.