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What Is Avalanche (AVAX) and why is it important?

A question many in the crypto community ask a lot is what is Avalanche? Well, in a nutshell, Avalanche, ticker symbol AVA, is an open, programmable platform for decentralised finance (DeFi) applications. In short, it wants to be an umbrella platform of sorts for DeFi applications, which aims to dethrone Ethereum as the most widely used smart contract platform.

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