Avalon Labs burns 80 million AVLs, accounting for 44% of circulating supply (6% of total supply)
Worth $16 million !!
Burning tokens makes the coins deflationary, rewarding long-term holders in disguise
But that's not the point, the point is what is the future of the Avalon business BTCFi? This is the foundation of the token's future value
Two recent news pieces have caught my attention:
1. @yzilabs Invest in Avalon
2.@SuiNetwork has repeatedly shouted this year to vigorously develop BTCfi, and there are more than 5 related projects on it
✅ It seems that the top public chains and investors are still enthusiastic about BTCfi
So why is it that institutions are ❓ still enthusiastic about BTC finance?
It is because web2 institutions and companies are crazy about buying BTC, and it is 1% of the total layout at every turn, 2% ...
Some positions will definitely choose to pledge BTC to "borrow" and lend liquidity to invest
It's reasonable to speculate that BTC can't just be kept in a wallet or escrow
Instead, BTC is used as the underlying asset, and more financial gameplay and work are built on it, and the business opportunities are huge and endless ❗️
✅ Whoever can lay out BTC finance first will be able to eat the biggest slice of cake in the future
Avalon Labs has officially burned 80M $AVL, representing 44% of the circulating supply.
These unclaimed airdrop tokens, worth approximately $16 million, have now been permanently removed from circulation. Over the past year, a total of $20M worth of $AVL has been claimed by more than 100,000 Avalonians. We’re proud to have our users, supporters, and believers as key stakeholders in Avalon Labs. As $AVL enters a deflationary cycle, more value will be unlocked, aligning long-term incentives and strengthening the foundation of our ecosystem. Thank you for your continued support.
This burn isn't the end, it’s the beginning. Today, we launch a new phase: Business Expansion.
Expect more. Avalon moves forward.
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