Avant announces that the TGE has been postponed to mid-September, and airdrop points will stop accumulating on May 15th.

BlockBeats News, May 13th, according to official sources, the DeFi protocol Avant announced that the originally scheduled token generation event (TGE) has been postponed to mid-September. Avant stated that after communicating with market participants, partners, and investors, the team believes that the current market environment is not suitable for token issuance. Recently, the DeFi sector has been under continuous pressure, with multiple protocols experiencing security vulnerabilities, and overall industry sentiment remains low. Although Avant has maintained TVL growth during this period and continues to promote partnerships and product expansion, the team believes that delaying the TGE until the market recovers will bring better results for users, investors, and the project itself.

Avant also emphasized that the points previously earned through Avant Rewards will not be affected; point accumulation will cease on May 15th, and the rewards already earned will be preserved and can participate in airdrops during the future TGE. The team stated that in the coming months, they will continue to strengthen protocol development, promote partnerships, and innovate products to enhance the project's long-term value. Additionally, Avant plans to hold a public Space this Thursday at 2 PM Eastern Time to directly communicate project progress with community members.