Avalon Labs recently announced on its official blog that the initial token generation event (TGE) for its governance token AVL will kick off in early Q1 of next year. AVL will simultaneously launch on centralized exchanges (CEX) and the claim process will open shortly thereafter. 🎉

The circulating supply of AVL will be adjusted based on strategic factors to support the growth of the platform and the expansion of the ecosystem. Key drivers include the token redemption program, protocol growth, and strategic partnerships. The total supply cap of the token is 1 billion, with 30% allocated for community incentives and 20% for airdrops. 📊

In addition, Avalon Labs has also secured $10 million in Series A funding led by Framework Ventures to support its stablecoin USDa. 💰