Age: Launched on 13 January 2015. Total coin supply is limited to 22 Million coins with no possibility of an inflationary period after that point.
Coin Symbol: AVX - ticker found on poloniex.com cryptocurrency exchange website.
Conversion rate: 1 BTC = 10,000 AVX (with a 100 satoshi minimum transaction fee).
Proof of Workgorithm: SHA256d using the X11 hashing algorithm.
Block reward: 100 coins per block. Currently set to decrease by 0.5 coins per block every month until the minimum of 0 AVX/block remains number will be halved approximately every four years (check rewards on http://explorer.whatisavalanche.com ).
The difficulty is retargeted each block using a high performance, distributed and decentralized complementary cumulative checkpointing system with customized penalties for misbehaving nodes. For additional information about Avalanche's mining protocol you can check our Protocol Specification draft on github https://github.com/zastrin/draft-zastrin-avx-protocol.
Confirmations needed: 110 confirmations from blocks to confirm your transactions are reasonably irreversible.
Maximum Coin Supply: At the year 2148 no more AVX coins will be mined to prevent inflation, total coin supply is limited to 22 Million(AVX).
This wallet will be used for giveaway bounties and early miners distribution among developers, investors and supporters of the project (you included!) Our plan is to use this wallet for future funding of projects created by third parties inside Avalanche network; like merchant processor services, consumer wallets, games etc... We are excited about the possibilities!
