Avant announces the postponement of TGE until mid September, and airdrop points will cease to accumulate on May 15th On May 13th, according to official sources, DeFi protocol Avant announced that it will postpone the originally scheduled Token Generation Event (TGE) until mid September. Avant stated that after communicating with market participants, partners, and investors, the team believes that the current market environment is not suitable for token issuance. Recently, the DeFi sector has been under continuous pressure, with multiple protocols experiencing consecutive security vulnerabilities, leading to a sluggish overall industry sentiment. Although Avant maintained TVL growth during this period and continued to promote cooperation and product expansion, the team believes that launching TGE after the market recovers will bring better results for users, investors, and the project itself. Avant also emphasized that the distribution of points previously obtained by users through Avant Rewards will not be affected, and the accumulation of points will stop on May 15th. The rewards already obtained will be retained and can participate in airdrops during future TGEs. The team stated that in the coming months, they will continue to strengthen agreement building, promote cooperative relationships, and innovate products to enhance the long-term value of the project. In addition, Avant plans to hold a public space on Thursday at 2pm Eastern Time to directly communicate project progress with community members.