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

Avant posted on platform X that after communicating with multiple stakeholders, partners, and market trust figures, and based on an assessment of market conditions, it has decided to postpone the TGE until mid-September. Avant stated that current DeFi tokens are under significant pressure, and there have been several protocol vulnerability incidents in the field in recent months. Although Avant has maintained growth during this period, it is still indirectly affected by category pressures.

Avant indicated that it expects the market to recover and will advance multiple collaborations during this time, continue TVL growth, and expand products. Points accumulation will stop on May 15, and the allocations that users have received are protected, allowing participation in the subsequent TGE. The Avant team will hold a public Space on Thursday at 2 PM Eastern Time.