Avant: TGE postponed to mid-September, points accumulation to stop on May 15

Odaily reported that Avant announced on X platform that after communicating with multiple stakeholders, partners, and market trusted figures, and based on an assessment of market conditions, it has decided to postpone the TGE to mid-September. Avant stated that DeFi tokens are currently facing significant pressure, and the sector has seen multiple protocol vulnerability incidents in recent months. Although Avant has continued to grow during this period, it is still indirectly affected by sector-wide pressure.

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