Avalon Labs will conduct TGE in early Q1: the total supply of AVL is capped at 1 billion, with airdrops accounting for 20%
PANews announced on January 9 that Avalon Labs, the issuer of the stablecoin, has announced in its official blog that the TGE (Token Generation Event) of its governance token AVL will be held in the early first quarter, and the claim process will also be opened shortly afterwards. AVL will 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 to ensure consistency with the growth of the platform and the expansion of the ecosystem. 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, of which 30% is 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.
Previously in December last year, the stablecoin issuer Avalon Labs completed a $10 million Series A funding round led by Framework Ventures.
