Deep Tide TechFlow News, on January 9, Avalon Labs, the issuer of stablecoin, announced on its official blog that the TGE event for its governance token AVL will be held in early Q1, and the claiming process will be opened shortly thereafter. AVL will go live on centralized exchanges (CEX) simultaneously with the TGE.
The circulating supply of AVL will continuously evolve based on strategic factors to ensure alignment with the platform's growth and ecosystem expansion. The key drivers of AVL supply include: token redemption programs, protocol growth, yield incentives, strategic partnerships, and growth-oriented funding. The total supply cap of AVL tokens is 1 billion, with 30% allocated for community incentives, 20% for airdrop distribution, 16% for ecosystem and treasury distribution, 10% for team distribution, 4% for advisor distribution, 2% for initial liquidity distribution, and 18% for investor distribution.
In previous news, stablecoin USDa issuer Avalon Labs completed $10 million in Series A financing, led by Framework Ventures.