TechFlow reports that on January 9, stablecoin issuer Avalon Labs announced in an official blog post that the token generation event (TGE) for its governance token AVL will take place at the beginning of Q1, with the claim process opening shortly thereafter. AVL will simultaneously launch on centralized exchanges (CEX) at the time of TGE.
The circulating supply of AVL will evolve strategically, aligning with platform growth and ecosystem expansion. Key drivers of AVL supply include vesting schedules, protocol growth, yield incentives, strategic partnerships, and growth-oriented grants. The total supply of AVL is capped at 1 billion tokens, with allocations as follows: 30% for community incentives, 20% for airdrops, 16% for ecosystem and treasury, 10% for the team, 4% for advisors, 2% for initial liquidity, and 18% for investors.
Previous report: Avalon Labs, the issuer of stablecoin USDa, raised $10 million in a Series A round led by Framework Ventures.
