[Avant Postpones TGE to Mid-September, Points Accumulation to Cease on May 15] DeFi protocol Avant announced on the X platform that, based on market feedback and its own assessment, it has decided to postpone the Token Generation Event (TGE) to mid-September. Avant stated that the current decentralized finance (DeFi) token market is under pressure, and several protocols have recently encountered security incidents, making it unfavorable to initiate token issuance. Avant Rewards points accumulation will cease on May 15, and the points already earned by users will be retained and can be used in the subsequent TGE. Avant mentioned that during the postponement period, it will focus on advancing partnerships, increasing total value locked (TVL), and expanding its product offerings. It also plans to hold a public Space on Thursday at 2 PM Eastern Time.