On January 9th, stablecoin issuer Avalon Labs announced in its official blog that the TGE event for its governance token AVL will be held at the beginning of Quarter 1, and the claim process will also open shortly thereafter. AVL will be launched on a centralized exchange (CEX) at the same time as TGE. The total supply of AVL tokens is capped at 1 billion, of which community incentive allocation accounts for 30%, airdrop allocation accounts for 20%, ecosystem and treasury allocation accounts for 16%, team allocation accounts for 10%, advisor allocation accounts for 4%, initial liquidity allocation accounts for 2%, and investor allocation accounts for 18%. Previously, in December last year, stablecoin issuer Avalon Labs completed a $10 million A round of financing, led by Framework Ventures.