# Avalanche Subnet

A [Subnet](https://www.avax.network/subnets) manages its own membership, it can create its own token economics and rules, and may require that its constituent validators have certain properties. It is composed of a dynamic subset of Avalanche validators working together to achieve consensus on the state of one or more blockchains. Each blockchain is validated by exactly one Subnet, and a Subnet can have many blockchains. A validator may be a member of many Subnets.

## Demo chain

TBD