Avalon Labs: TGE will be held in Q1, the total supply of AVL is capped at 1 billion, and the airdrop accounts for 20%
ChainCatcher news, stablecoin issuer Avalon Labs announced in its official blog that the TGE (Token Generation Event) of its governance token AVL will be held in early Q1, and the claiming process will be opened shortly after, with AVL to be listed on a centralized exchange (CEX) at the same time as the TGE. The circulating supply of AVL will evolve continuously based on strategic factors, ensuring alignment with the platform's growth and ecosystem expansion. The main drivers of AVL supply include token redemption plans, protocol growth, yield incentives, strategic partnerships, and growth-oriented grants. The total supply cap of AVL tokens is 1 billion, with 30% allocated to community incentives, 20% to airdrops, 16% to ecosystem and treasury, 10% to the team, 4% to advisors, 2% to initial liquidity, and 18% to investors.
According to data from the crypto platform RootData, the stablecoin issuer Avalon Labs has completed a $10 million Series A funding round, led by <Framework Ventures>.
