Blocknet lists on Pangolin Exchange as $aaBLOCK

13 May, Cape Town Blocknet tokens are now listed on Pangolin DEX in advance of the release of the Blocknet’s decentralized Avalanche indexer. The listing puts $aaBLOCK, a means of payment for indexed chain data, on Avalanche’s C-chain, and serves to introduce the Avalanche community to the Blocknet.

Avalanche, meet the Blocknet

Until now, that is.

As of today, $aaBLOCK is accessible on Avalanche’s most liquid DEX, Pangolin, giving Avalanche users a natural place to acquire BLOCK and explore its interchain technologies like Block DX and XRouter.

Market availability

In addition, Blocknet expects that holders of BLOCK and AVAX will be added to the pool to reach a planned minimum of ~$100k liquidity in the pool, ensuring good market availability and small spreads for users.

Furthermore, a proposal will be submitted to Pangolin’s decentralized governance system to reward $aaBLOCK liquidity farmers with $PNG, Pangolin’s governance token.

What is $aaBLOCK?

$aaBLOCK is destined for use with the Blocknet’s incipient decentralized indexer, which will make Avalanche’s chain data available over Graph QL API, enabling developers to orchestrate Avalanche contracts and protocols with those on Ethereum and other blockchains.

Decentralized APIs for multi-chain data are a building block of the “interchain,” an emerging ecosystem of blockchain protocols and contracts. Interchain data availability empowers developers to orchestrate services on different chains as easily and cheaply as traditional apps are built by orchestrating APIs. Dapps gain the combined potential of every service, contract, and protocol on every blockchain. With this superpower, dapps are poised to be a leading force in the decentralization of the internet.

Tutorials for using $aaBLOCK

To access aaBLOCK on Pangolin, see here.

To redeem aaBLOCK for BLOCK, see here.

To add liquidity to the aaBLOCK:AVAX pool, see here.

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Blocknet

The Internet of Blockchains

Blocknet

The Blocknet is a 2nd layer blockchain interoperability protocol that enables communication, interaction & exchange between different blockchains.

The Blocknet Protocol

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Blocknet is a 2nd layer blockchain interoperability protocol that enables communication, interaction & exchange between different blockchains.

Blocknet

The Blocknet is a 2nd layer blockchain interoperability protocol that enables communication, interaction & exchange between different blockchains.