Avalon Labs has destroyed 80 million AVL tokens, accounting for 44% of the total circulation

BlockBeats News: On June 9th, Bitcoin financial services platform Avalon Labs announced that it has officially destroyed 80 million governance tokens AVL, worth approximately $16 million, accounting for 44% of the current circulating total. The tokens destroyed this time are mainly the shares that were not claimed by users during the airdrop period. Avalon Labs launched a governance token airdrop campaign in March 2024, attracting over 100000 users to participate and successfully distributing AVL worth $20 million. With the end of the event, the official will uniformly destroy the remaining 80 million unclaimed tokens to control the supply of tokens entering a deflationary cycle and further consolidate the long-term value foundation of AVL