Introduction
HUSKY is the native token of Husky Avax. The token operates on the Binance Smart ChainNetwork. HUSKY token is launched with locked liquidity, a strictly limited supply, zero team distribution, and no mint function. The team of Husky created the Husky BSC Bridge that enables the secure transfer of Husky Avax tokens from the Binance Smart Chain to the Avalanche network. The Husky Avax token acquired with BNB can be transferred to the Avalanche network via the Husky Bridge, adding new users to Avalanche.
Overview
Husky Avax is a community driven token that is native to the Avalanche network. The platform works on the Avalanche network because it’s a safe, decentralized blockchain that allows quick, low cost, and environmentally sustainable payments. The Husky Avax project aims to promote and grow the whole Avalanche ecosystem. Husky Avax also visions to create an innovative platform that bridges the gap between the real world and the blockchain.
The project aims to enable independent artists to make a career by doing what they enjoy without relying on distribution arrangements. The distributed arrangements only provide restricted access to streaming platforms and poor physical distribution. Husky aims to build an eShop that accepts cryptocurrency payments and trades things linked with a unique NFT.
Background
On May 12th, 2021, Husky Avax was introduced. Paps is the platform’s CEO, Camilo is the chief marketing officer, and Alfred is the head of merchandising. Husky Avax’s whitepaper was released in February 2022. Husky Avax tokens have a total supply of 100,000,000,000,000 HUSKY coins.
Husky Avax runs on the Avalanche C-Chain. The Husky Avax contract is behind an 1800-year time lock and features renounced ownership, locked initial liquidity, and a hard-capped supply with no mint function.
Tokenomics
Risks and Challenges
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Still hackable: Some of the individual projects developed within the Alache network have suffered attacks.
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Possible centralization: Some of the nodes may delegate their tasks to third parties potentially incurring further centralization by hoarding nodes, thus creating large node holders.
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Stiff competition from other platforms
Advantages
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Low transaction costs.
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Incentives that encourage active participation.
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It is secure
Conclusion
According to its withepaper, the Husky Avax project aims to develop real world goods and clothes for NFTs and a marketplace for musical NFTs and unique NFT collections. The project seeks to serve as a launchpad for all types of creators and artists, assisting them in reaching their target audiences by employing NFT technology on the Avalanche blockchain. The team behind Husky Avax believes that the potential of NFTs can help upcoming artists better communicate with their fan base and benefit directly from their work.
Sources:
https://www.husky.space/
https://www.binance.com/en-NG/price/husky-avax
https://icoholder.com/en/husky-avax-1004799
https://alphagrowth.io/husky-avax
