AVAX Genesis

Completed in February of 2019. The implied fully-diluted mainnet valuation of this sale was $120M. These assets were sold to help initiate the development of the Avalanche codebase.

Completed in May of 2020. The implied fully-diluted mainnet valuation of this sale was $180M. These assets were sold to distribute AVAX and build staking infrastructure.

Allocated for the public sale.

Allocated for the public sale.

Allocated for the public sale.

Allocated with the specific mandate of being distributed to various communities in order to onboard more people to the Avalanche community. For example, these may include airdrops to various crypto communities, Reddit communities, developer forum communities, and even airdrops to exchange users.

Allocated for participants that validated in the Avalanche incentivized testnet programs.

Allocated to founding and non-founding members of AVA Labs. Team members, including founders, who have vested assets prior to launch are voluntarily re-locking all assets for four years, starting from three months after mainnet launch. This means that all team members unlock 0% on mainnet launch.

Allocated to an independent, non-profit Singaporean foundation, called Avalanche Foundation, which manages these assets for various ecosystem-building initiatives, including marketing, bounties, incentive programs, and more. The public sale has been conducted by Avalanche Foundation and its affiliates.

Allocated with the specific mandate of being distributed to groups, organizations, and enterprises that are building businesses using the Avalanche technology and network.

Allocated with the specific mandate of being distributed to individuals and groups that are developing core tooling and infrastructure on Avalanche as well as are supporting Avalanche through grassroots community building and marketing. For example, these may include Avalanche Hub, Avalanche Ambassadors, Avalanche-X grantees, and more.