TechFlow News, May 13: Avant announced that, based on market feedback and its own assessment, it has decided to postpone its Token Generation Event (TGE) to mid-September. Avant stated that the broader decentralized finance (DeFi) token market is currently under pressure, and multiple protocols have recently suffered security incidents—conditions unfavorable for launching a token sale. Avant Rewards points will cease accruing on May 15; however, users’ already-earned points will be preserved and remain eligible for participation in the upcoming TGE. During the postponement period, Avant will advance partnerships, expand its total value locked (TVL), and broaden its product offerings. It also plans to host a public Space this Thursday at 2 p.m. Eastern Time (ET).
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