The Base ecological derivation platform Avantis is about to issue coin with a total of 1 billion AVNT, and the community occupies 51%.

On August 27, the Base ecological derivatives trading platform Avantis announced the launch of the token AVNT, with a total supply of 1 billion coins. The community allocation is 51%: of which 12.5% is for airdrop distribution, reserved for all protocol activities in the first and second quarters starting from February 2024, as well as community contributors, influencers, and ecosystem partners. The snapshot has not yet been taken.

In addition, on-chain incentive allocation is 28.6%; builder and ecosystem funding allocation is 9%. The total allocation for the team, advisors, investors, and foundation is 49.9%: among them, the team and advisors allocate 13.30%, which will be locked for 12 months and then gradually unlocked over 30 months; investors allocate 26.61%, with the unlocking rules being the same as those for the team and advisors; the foundation allocates 4%; liquidity reserve allocation is 6%.

Avantis previously completed an $8 million Series A financing in June this year, led by Founders Fund and Pantera Capital, with participation from Symbolic Capital, SALT Fund, and Flowdesk.