Avalanche and Alipay+ Team Up on Web3 Voucher Program

Avalanche (AVAX), a blockchain platform known for its speed and efficiency, and Alipay+, China's leading payment app, have collaborated to attract more than 100 million customers to their Web3-based voucher program. This collaboration is a strategic move that is expected to drive Avalanche's bullish momentum.

Launch Web3-Based Rewards Program

Avalanche announced on its website that it has facilitated Alipay+ D-store and Alipay+ partner e-wallets to launch a Web-3-based voucher reward program. The program allows customers to access vouchers that provide discounts of up to 50% on milk tea sold by ten popular milk tea brands in more than 500 stores in Southeast Asia.

This collaboration is an important milestone for Avalanche and Alipay+ D-store. This will allow them to explore new ways of interacting with and retaining customers. At the same time, it will also attract more users and enterprises to their blockchain networks.

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Constraints of Presale Token Scam on Avalanche Network

However, with all these factors, AVAX's price may be poised to go back up, but the alleged meme coin scam on its network could influence the rise. After the popularity of the meme coin presale increased, the meme project Sender managed to raise 93,000 AVAX worth around $5.3 million (Rp82.9 billion).

However, investors realized afterwards that there were only 20,000 AVAXs left in the token's liquidity pool, with the remaining 73,000 being redirected to three separate addresses. As a result, the crypto community began to suspect the potential rug pull of the project. Rug pull occurs when a crypto project's developer disappears with funds raised, usually from a pre-sale, leaving investors empty-handed.

Nevertheless, this collaboration between Avalanche and Alipay+ shows great potential in integrating blockchain technology into digital payment systems. By leveraging Web3 technology, they hope to create new experiences for users and open up new opportunities for the development of the blockchain ecosystem. The collaboration also demonstrates how blockchain technology can be used to create innovative and impactful solutions for society.

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Conclusion

As with any new technology, there are challenges and risks that must be faced. One of them is the potential meme coin scam mentioned earlier. This shows that while blockchain technology offers many advantages, there is still a need for better regulation and oversight to protect investors and users.

Secara keseluruhan, kolaborasi antara Avalanche dan Alipay+ ini menunjukkan potensi besar teknologi blockchain dalam menciptakan solusi inovatif untuk industri pembayaran digital. Meski ada tantangan dan risiko, dengan regulasi dan pengawasan yang tepat, teknologi ini dapat membawa manfaat besar bagi masyarakat.

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How to Buy Avalanche (AVAX) on Bittime

You can buy and sell Avalanche (AVAX) in an easy and secure way through Bittime. Bittime is one of the best crypto applications in Indonesia that has been officially registered by Bappebti.

Avalanche (AVAX) is available on Bittime with the market pair AVAX/IDR. To be able to buy AVAX IDR on Bittime, make sure you have registered and completed identity verification. In addition, also make sure that you have enough balance by depositing some funds into the wallet. For your information, the minimum asset purchase at Bittime is Rp10,000. After that, then you can make a crypto asset purchase in the application.

Learn the complete guide on how to buy Avalanche (AVAX) on Bittime.

Monitor the price chart movements of Avalanche (AVAX), Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.

Also read:

What Is Avalanche (AVAX) and Its Advantages Over Other Blockchains?

Avalanche (AVAX) Price Prediction in 2024

Avalanche (AVAX) Comprehensive Review 2024: A Complete Guide

DISCLAIMER: This article is informational in nature and does not constitute an offer or solicitation to sell and buy any crypto asset. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices may change significantly from time to time and Bittime is not responsible for fluctuations in crypto asset exchange rates.