By searching for AVAX project, the only one i found is still under developement
according to coinmarketcap.
Then by checkin the two websites mentioned in the cmc page for AVAX, the first one describe the project which seems to be promising but as it still in primary developement phase, we can't yet compare it to Cardano. The second website provides info about the tokensale which is
actually running till July 29th, so you didn't miss the ICO and you can still join it
[1].
However, you made me confused by mentioning that you won't buy the IOU token for 6$;
the IOU token i found in cmc has nothing related to AVAX project and the price is at 0,010713 USD with Zero volume trade. Please explain.
I trust coinmarketcap only for prices, volume, market cap and charts. For project related information, I trust external source and the official website and articles/press releases. AVAX project just has its ICO sale and is of course under development. You cannot expect a working project just after a few days of the fund raising.
Although, AVA labs has given a broad description on what the project is based on along with necessary documentation, key features and roadmap. You can visit the official website (if you haven’t already) given below for more information:
https://www.avalabs.orgMoreover, I agree with the fact that AVAX is still on the initial development stage and cannot be compared to ADA in any aspect.