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Avant: The TGE has been postponed to mid-September, and point accumulation will stop on May 15.
ChainCatcher message, Avant announced on the X platform that after communicating with multiple stakeholders, partners, and market trusted individuals, and based on an assessment of market conditions, they have decided to postpone the TGE to mid-September. Avant stated that current DeFi tokens are under significant pressure, and there have been multiple protocol vulnerability incidents in this field in recent months. Although Avant has maintained growth during this period, it still faces indirect impacts from category pressure.
Avant indicated that they expect the market to recover, and during this period, they will promote multiple collaborations, continue to grow TVL, and expand products. Point accumulation will cease on May 15, and users’ allocated tokens are protected and can participate in the subsequent TGE. The Avant team will hold a public Space on Thursday at 2 PM Eastern Time.