Odaily Planet Daily News: Base ecological derivatives trading protocol Avantis announced that it will launch AVNT. The total supply of AVNT is 1 billion, and the specific distribution mechanism is as follows.

The community will receive a total of 51%: 12.5% will be allocated to airdrops, which will be reserved for all protocol activities in Season 1 and Season 2 starting in February 2024, as well as community contributors, influencers, and ecosystem partners (snapshots have not yet been taken); in addition, 28.6% will be allocated to on-chain incentives; and 9% will be allocated to builders and ecosystem funding.

The team, consultants, investors, and foundation will receive a total of 49.9% of the tokens: 13.30% will be allocated to the team and consultants, which will be locked for 12 months and then gradually unlocked over the next 30 months; 26.61% will be allocated to investors, with the same unlocking rules as for the team and consultants; 4% will be allocated to the foundation; and 6% will be allocated to the liquidity reserve.

In June this year, Avantis announced the completion of an $8 million Series A financing round, led by Founders Fund and Pantera Capital, with participation from Symbolic Capital, SALT Fund, and Flowdesk.