Avant: TGE Pushed to Mid-September, Points to Stop Accruing on May 15

Odaily Planet Daily News: Avant posted on X that after communicating with multiple stakeholders, partners, and trusted market participants, and based on an assessment of market conditions, it has decided to postpone the TGE to mid-September. Avant stated that current DeFi tokens are facing significant pressure, and the sector has experienced several protocol vulnerability incidents in recent months. Although Avant has continued to grow during this period, it is still indirectly affected by this category-wide pressure.

Avant stated that it expects the market to recover. In the meantime, it will advance multiple partnerships, continue TVL growth, and expand its products. Points accrual will stop on May 15. Allocations already earned by users are protected, and users can participate in the subsequent TGE. The Avant team will hold a public Space on Thursday at 2:00 PM Eastern Time.