What is the meaning of the term 'avox' in the context of cryptocurrency?

3 answers

• Hemanth BodankiDec 05, 2022 · 3 years ago
  The term 'avox' in the context of cryptocurrency refers to a situation where a particular cryptocurrency or token has no available supply for trading. It means that all the tokens of that cryptocurrency have been bought or locked up, and there are no tokens available for purchase or sale on the market. This can happen for various reasons, such as a token being fully distributed, locked in smart contracts, or held by a small group of investors. When a cryptocurrency becomes avox, it can have a significant impact on its price and market dynamics, as the limited supply creates scarcity and can drive up demand.
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• Adam LaneAug 12, 2023 · 2 years ago
  So, 'avox' basically means that a cryptocurrency is not available for trading. It's like when you go to a store and find out that the item you want is out of stock. In the world of cryptocurrency, it means that all the tokens of that particular cryptocurrency have been bought or locked up, and you can't buy or sell them. This can happen for different reasons, like when a token sale ends or when tokens are locked in smart contracts. When a cryptocurrency becomes avox, it can create a sense of scarcity and increase its value, as people want to get their hands on something that is limited.
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• AvanishFeb 13, 2024 · a year ago
  In the context of cryptocurrency, 'avox' refers to a situation where a cryptocurrency or token is not available for trading. It means that all the tokens of that cryptocurrency have been bought or locked up, and there are no tokens available on the market. This can happen when a token sale ends, or when tokens are locked in smart contracts or held by a small group of investors. When a cryptocurrency becomes avox, it can have a significant impact on its price and market dynamics. Investors may perceive it as a sign of scarcity and increased value, which can drive up demand and potentially increase the price of the cryptocurrency.
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