ChainCatcher message, stablecoin issuer Avalon Labs announced in its official blog that the TGE event for its governance token AVL will take place in early Q1, and the claiming process will open shortly thereafter. AVL will be launched on centralized exchanges (CEX) simultaneously with the TGE.
The circulating supply of AVL will evolve continuously based on strategic factors to ensure alignment with the growth of the platform and the expansion of the ecosystem. Key drivers of AVL supply include: token redemption program, protocol growth, yield incentives, strategic partnerships, and growth-oriented funding. The total supply cap of AVL tokens is 1 billion, with 30% allocated to community incentives, 20% to airdrops, 16% to ecosystem and treasury allocations, 10% to team allocation, 4% to advisor allocation, 2% to initial liquidity distribution, and 18% to investor allocation.
According to data from the crypto platform RootData, stablecoin USDa issuer Avalon Labs has completed a $10 million Series A funding round, led by Framework Ventures.