[Avantis Announces Launch of Token AVNT, 12.5% Airdrop, Snapshot Not Yet Taken] Odaily Planet Daily reports that Base ecosystem derivatives trading protocol Avantis has announced the launch of AVNT, with a total supply of 1 billion tokens. The specific allocation mechanism is as follows: Community allocation totals 51%: - Airdrop allocation of 12.5%, reserved for all protocol activities in Q1 and Q2 of 2024, as well as community contributors, influencers, and ecosystem partners. The snapshot has not yet been taken. - On-chain incentives allocation of 28.6%. - Builders and ecosystem grants allocation of 9%. Team, advisors, investors, and foundation allocation totals 49.9%: - Team and advisors allocation of 13.30%, with a 12-month lock-up period, followed by gradual unlocking over 30 months. - Investors allocation of 26.61%, with the same unlocking rules as the team and advisors. - Foundation allocation of 4%. - Liquidity reserve allocation of 6%. In June of this year, Avantis announced the completion of an $8 million Series A funding round, led by Founders Fund and Pantera Capital, with participation from Symbolic Capital, SALT Fund, and Flowdesk.