The Anticipated Cryptocurrency Project Finally Announced It Will Distribute Altcoin Airdrop! Here Are The Details

Avalon Labs, a BTCFi protocol supported by venture capital firms, has officially announced the upcoming Token Generation Event (TGE) and the launch of the governance token AVL. The TGE will take place in the beginning of the 1st quarter and the demand process for AVL tokens will open shortly after.

AVL, which has a total supply limited to 1 billion tokens, will play a central role in the Avalon Labs ecosystem. The token will offer various utilities, including staking rewards, governance rights through sAVL, and fee refunds in Avalon’s USDa and CeDeFi platforms.

Avalon Labs plans to airdrop a total of 20% of the total AVL supply to users and supporters to reward its community. The majority of these tokens will be distributed based on the Avalon Points accumulated from lending activities and the AVL amounts earned during the USD reward campaign. The remaining portion of the airdropped AVL tokens will be allocated over time to further reward early supporters.

As the accumulation of Avalon Points continues, the company has not yet finalized the exact distribution figures and conversion rates. Detailed information about the registration and airdrop process will be shared once the accumulation period has ended.