Deep Tide TechFlow News, on January 9, according to the stablecoin issuer Avalon Labs announced on its official blog that its governance token AVL's TGE event will be held in early Q1, with the claiming process opening shortly thereafter. AVL will launch on centralized exchanges (CEX) simultaneously with the TGE.
The circulating supply of AVL will continuously evolve based on strategic factors to ensure alignment with the platform's growth and ecosystem expansion. Key drivers of AVL supply include: token redemption programs, protocol growth, yield incentives, strategic partnerships, and growth-oriented funding. The total supply cap for AVL tokens is 1 billion, with 30% allocated for community incentives, 20% for airdrop distribution, 16% for ecosystem and treasury distribution, 10% for team distribution, 4% for advisor distribution, 2% for initial liquidity distribution, and 18% for investor distribution.
In previous news, stablecoin USDa issuer Avalon Labs completed a $10 million Series A financing round, led by Framework Ventures.