On January 9th, stablecoin issuer Avalon Labs announced in its official blog that the TGE event for its governance token AVL will be held at the beginning of Quarter 1, and the claim process will also open shortly thereafter. AVL will be launched on a centralized exchange (CEX) at the same time as TGE.
The total supply of AVL tokens is capped at 1 billion, of which community incentive allocation accounts for 30%, airdrop allocation accounts for 20%, ecosystem and treasury allocation accounts for 16%, team allocation accounts for 10%, advisor allocation accounts for 4%, initial liquidity allocation accounts for 2%, and investor allocation accounts for 18%.
Previously, in December last year, stablecoin issuer Avalon Labs completed a $10 million A round of financing, led by Framework Ventures.
Avalon Labs: TGE of governance token AVL will take place early in Q1, with a total supply cap of 1 billion
2025-01-09 05:52:31
News stablecoin publisher avalon labs official blog announcement its governance tokendesk3cryptocurrencydesktopCrypto News
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
Avalon Labs：治理代币AVL的TGE将于Q1初进行，总供应量上限为10亿枚Next article：
分析：过去30天活跃钱包在BTC、ETH和多数山寨币上均处浮亏状态
