Introduction
Participating in the Avalanche (AVAX) token sale requires careful preparation to ensure secure transactions and proper token receipt. This guide walks you through the entire process while highlighting key security measures.
Prerequisites
- Use only the official Avalanche Key Generator (keygen.avax.network) to create your wallet
- Complete the process on a desktop computer (mobile devices may not securely store key files)
- Have a secure storage solution for your credentials
👉 Essential tools for cryptocurrency participation
Step 1: Wallet Creation
- Navigate to keygen.avax.network
- Click "Generate Keys"
- Select a strong password (minimum 12 characters with mixed cases and symbols)
- Download and securely store your keystore file
Step 2: Backup Your Credentials
- Write down your AVAX mnemonic phrase (24 words) manually
Store these components separately in secure locations:
- Keystore JSON file
- Mnemonic phrase
- Wallet password
Security Tip: Never store credentials digitally as plaintext files or cloud notes.
Step 3: Address Verification
- Click "Verify" after backup completion
- Confirm your mnemonic phrase through the verification test
- Securely record your AVAX public address (this will be required during the sale)
Purchase Process
Once the sale begins (after identity verification):
Specify Purchase Amount
- Enter USD equivalent for AVAX tokens
- Input your generated public address
- Select payment method (cryptocurrency or fiat options)
Payment Confirmation
- Review transaction details
- Sign the purchase agreement
(Pro Tip: Match your signature exactly to your ID document)
Complete Transaction
For crypto payments:
- Use non-custodial wallets (Trust Wallet, MetaMask, etc.)
- Set ETH/ERC20 gas limit to 100,000
- Avoid sending from exchange accounts
About Avalanche Technology
Avalanche is an open-source platform for launching decentralized finance applications and enterprise blockchain solutions. Its interoperable ecosystem offers:
- Highly scalable architecture
- Custom blockchain network creation
- Public/private subnet compatibility
- Enhanced security protocols
👉 Exploring blockchain development platforms
FAQ Section
Q: Can I use my existing cryptocurrency wallet?
A: No, you must generate a new wallet through the official Avalanche Key Generator to receive tokens.
Q: What happens if I lose my mnemonic phrase?
A: Without the mnemonic, you cannot recover your wallet or access tokens. Always store multiple secure backups.
Q: Are there purchase limits?
A: Yes, limits vary by payment method and are displayed during checkout. Multiple small transactions may bypass limits.
Q: When will I receive my AVAX tokens?
A: Tokens will be distributed after Avalanche mainnet launch to the address you provided.
Q: Is KYC verification required?
A: Yes, all participants must complete identity verification before purchasing.
Q: Can I change my payment method after starting?
A: Yes, navigate to your profile to select alternative payment options before finalizing.
Security Reminders
- Never share your mnemonic phrase or password
- Consider using hardware wallets for long-term storage
- Bookmark official Avalanche websites to avoid phishing scams
- Verify all URLs before entering credentials