Avalon Labs will conduct TGE at the beginning of Q1: the total supply of AVL is capped at 1 billion, and airdrops account for 20%

PANews reported on January 9 that stablecoin issuer Avalon Labs announced on its official blog that the TGE event for its governance token AVL will be held at the beginning of the first quarter, and the claim process will also open shortly thereafter. AVL will be held simultaneously with TGE. The centralized exchange (CEX) is online.

AVL’s circulating supply will continue to evolve based on strategic factors, ensuring consistency with the growth of the platform and expansion of the ecosystem. Key drivers of AVL supply include: token vesting plans, protocol growth, revenue incentives, strategic partnerships, growth-oriented funding. 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%, and consultant allocation accounts for 10%. The ratio is 4%, the initial liquidity allocation is 2%, and the investor allocation is 18%.

Previously, it was reported in December last year that stablecoin issuer Avalon Labs completed a US$10 million Series A financing, with Framework Ventures leading the investment.