Avant postpones TGE to mid-September, points accumulation will stop on May 15

Foresight News reports that the DeFi protocol Avant has announced via a post that, due to the current market environment, it has decided to postpone its originally scheduled token issuance (TGE) to mid-September. It also confirmed that users’ previously earned point rewards will be retained, point accumulation will end on May 15, and airdrop distribution will not be affected.

Avant stated that DeFi tokens as a whole are currently under pressure, with several protocols recently experiencing attacks, and the market environment does not support token issuance. The team plans to use this time to advance new partnerships, continue growing TVL, and push forward product expansion.