📢 #Gate Square Writing Contest Phase 3# is officially kicks off!
🎮 This round focuses on: Yooldo Games (ESPORTS)
✍️ Share your unique insights and join promotional interactions. To be eligible for any reward, you must also participate in Gate’s Phase 286 Launchpool, CandyDrop, or Alpha activities!
💡 Content creation + airdrop participation = double points. You could be the grand prize winner!
💰Total prize pool: 4,464 $ESPORTS
🏆 First Prize (1 winner): 964 tokens
🥈 Second Prize (5 winners): 400 tokens each
🥉 Third Prize (10 winners): 150 tokens each
🚀 How to participate:
1️⃣ Publish an
Avalon Labs has burned 80 million AVL tokens, representing 44% of the total supply in circulation
BlockBeats News: On June 9, Bitcoin financial services platform Avalon Labs announced that it had officially burned 80 million governance tokens AVL, worth about $16 million, accounting for 44% of the current total circulation. The tokens burned this time are mainly the shares that were not claimed by users during the airdrop. Avalon Labs launched a governance token airdrop in March 2024, attracting more than 100,000 users to participate in the collection, and has successfully distributed $20 million worth of AVL. With the end of the event, the remaining 80 million unclaimed tokens will be officially burned to control the token supply into a deflationary cycle and further consolidate the long-term value foundation of AVL