● Avalon Labs will have its TGE in the first quarter of 2025: The total supply cap for AVL is 1 billion tokens, with an airdrop accounting for 20%
Avalon Labs platform is the issuer of stablecoins, and its previous issued coin is USDa, which is a Bitcoin-based lending stablecoin.
● The USDa coin is mainly used in the following areas:
DeFi Ecosystem:
The USDa coin, as the world's first over-collateralized stablecoin based on Bitcoin, is widely used in the DeFi ecosystem. Users can perform arbitrage strategies using USDa, such as borrowing sUSDe, PT-USDe, and PT-sUSDe, further enhancing users' arbitrage and investment options
Liquidity Provision:
The USDa coin allows Bitcoin holders to obtain liquidity without selling BTC, making it a very useful financial tool, especially in the cryptocurrency market
Collateralized Debt Position (CDP) Projects:
The USDa coin has become the second largest collateralized debt position (CDP) project in the world, second only to MakerDAO, with a total market size exceeding $8.4 million
Arbitrage Opportunities:
The USDa coin has partnered with Ethena Labs to provide an arbitrage opportunity with a fixed lending rate of 8%, further increasing its application value in the DeFi field
● This issuance is its governance token AVL.
The TGE event for AVL will be held in early the first quarter, and the claiming process will soon be opened afterwards. AVL will be listed on centralized exchanges (CEX).
The circulating supply of AVL will continue to evolve based on strategic factors, ensuring consistency 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 funding.
The total supply cap of AVL tokens is 1 billion, with community incentive distribution accounting for 30%, airdrop distribution accounting for 20%, ecosystem and treasury distribution accounting for 16%, team distribution accounting for 10%, advisor distribution accounting for 4%, initial liquidity distribution accounting for 2%, and investor distribution accounting for 18%
● Reasons to pay attention: This will be the issuer's first issuance of a value-oriented token aside from the issuance of the USDA stablecoin.