AVAX is used on the Avalanche blockchain to interact with and access the Avalanche blockchain. To submit transactions, transfer tokens, swap tokens, and more, users must have AVAX in their wallets. This AVAX is used to pay for transaction fees or “gas” incurred for using the network. Anybody who would like to sell the Republic Note on INX will need to have AVAX in their Republic Wallet.
Buyers will not need AVAX to purchase the Republic Note on INX.