Avalon Labs has announced the upcoming launch of its TGE and the release of the governance token AVL.

BlockBeats News, January 9th, Avalon Labs recently announced that it is entering the TGE (Token Generation Event) phase and launching its governance token AVL. As an ERC-20 token, AVL will power the long-term sustainability of the Avalon Labs ecosystem, aiming to empower community members to participate in ecosystem governance and decision-making.

It is reported that the AVL token not only plays a crucial role in the governance mechanism but also provides holders with multiple practical functions. Airdrop registration will open soon, and more details and airdrop claiming information will be announced shortly.

As a leading financial infrastructure platform in the BTCFi field, Avalon Labs has surpassed a total value locked (TVL) of over $2 billion, maintaining a leading position in the industry. In 2024, Avalon Labs successfully completed a $10 million Series A funding round led by the renowned venture capital firm Framework Ventures, further solidifying its strength in the crypto finance sector.