Avalanche Treasury Backer: How AVAX One is Revolutionizing Crypto Treasuries
Introduction to Avalanche Treasury Backer and AVAX One
AgriFORCE Growing Systems, a Nasdaq-listed company, has made a groundbreaking pivot in its business strategy by rebranding as AVAX One. This transformation positions AVAX One as the first publicly traded entity dedicated to accumulating Avalanche (AVAX) tokens, marking a significant milestone in the crypto treasury space. By leveraging Avalanche’s cutting-edge blockchain capabilities, AVAX One aims to drive profitability and institutional adoption, setting a new standard for blockchain-focused enterprises.
Rebranding of AgriFORCE Growing Systems to AVAX One
The rebranding of AgriFORCE Growing Systems to AVAX One signals a strategic shift in focus toward blockchain technology. By centering its operations around Avalanche (AVAX), AVAX One seeks to capitalize on the blockchain’s robust infrastructure, scalability, and staking capabilities. This move reflects a growing trend among publicly traded companies to embrace crypto treasuries as a core business model, aligning with the increasing institutional interest in blockchain-based assets.
Fundraising Strategies for AVAX Token Accumulation
AVAX One has ambitious plans to raise $550 million to build a treasury centered on AVAX tokens, with a long-term goal of accumulating over $700 million worth of AVAX. The fundraising strategy includes:
$300 Million PIPE Deal: A private investment in public equity (PIPE) deal will serve as the cornerstone of the fundraising effort.
$250 Million Equity-Linked Instruments: Additional capital will be raised through equity-linked instruments, ensuring diversified funding sources.
The capital raise is spearheaded by Hivemind Capital, with participation from over 50 institutional and crypto-native investors, including Galaxy Digital, ParaFi, and FalconX. This diverse investor base underscores the credibility and institutional backing of AVAX One’s initiative.
Role of Anthony Scaramucci and Matt Zhang in the Initiative
Two prominent figures in the financial and crypto sectors are leading AVAX One’s strategic direction:
Anthony Scaramucci: The founder of SkyBridge Capital will serve as a strategic advisor, leveraging his extensive experience in asset management and crypto investments.
Matt Zhang: As chairman of the board of directors, Zhang will utilize his expertise from Hivemind Capital to guide AVAX One’s long-term vision and operational strategy.
Their involvement adds institutional credibility and strategic foresight to AVAX One’s ambitious plans, ensuring a strong foundation for success.
Why Avalanche Was Chosen: Onchain Finance and Partnerships
Avalanche was deliberately chosen as the blockchain foundation for AVAX One due to its focus on onchain finance, partnerships, and staking capabilities. These features make Avalanche a versatile platform, offering flexibility and tokenization tools that align perfectly with AVAX One’s business model.
Staking as a Core Business Model for Profitability
Staking AVAX tokens is central to AVAX One’s strategy. Validator rewards currently offer an annual yield of approximately 6.7%, making staking a profitable venture from day one. With a $700 million AVAX position, AVAX One could generate around $46.9 million in yearly rewards, ensuring sustainable revenue streams and long-term profitability.
Growth of Avalanche in Web3 Gaming and Daily Transactions
Avalanche has experienced remarkable growth in Web3 gaming, surpassing 1 million daily transactions twice in one week. This surge was driven by activity from MapleStory Universe, showcasing Avalanche’s scalability and appeal to gaming developers. Such metrics reinforce the blockchain’s potential for widespread adoption across diverse industries.
Institutional Interest in AVAX Through ETFs and ETPs
Institutional interest in AVAX continues to grow, as evidenced by several initiatives:
Sweden-Based Vitune’s Crypto ETP: Offering exposure to AVAX for institutional investors.
VanEck’s Avalanche ETF Filing: A move to create an exchange-traded fund centered on AVAX.
Grayscale Investments: Attempting to convert its Avalanche Trust into an ETF.
These developments highlight the increasing demand for AVAX among institutional players, further solidifying its position as a leading blockchain asset.
Avalanche’s Transaction Growth and Adoption Metrics
Avalanche led all blockchains in transaction growth at the end of August, recording a 66% increase in one week with over 11.9 million transactions. This growth underscores the blockchain’s efficiency and ability to handle high transaction volumes, making it an attractive choice for enterprises and developers alike.
US Department of Commerce’s Blockchain Initiatives
In a significant endorsement of blockchain technology, the US Department of Commerce plans to post real GDP data on several blockchains, including Avalanche. This initiative further boosts Avalanche’s adoption and credibility as a reliable platform for institutional use cases, paving the way for broader government and enterprise integration.
Conclusion: The Future of Avalanche Treasury Backers
AVAX One’s pivot to focus on Avalanche tokens represents a bold and innovative approach to crypto treasuries. By leveraging Avalanche’s staking capabilities, institutional partnerships, and transaction growth, AVAX One is poised to set a new standard for publicly traded companies in the blockchain space. As institutional interest in AVAX continues to rise, the future looks promising for both AVAX One and the Avalanche ecosystem.