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Avalon Labs is a blockchain company developing financial solutions to expand Bitcoin’s utility in decentralized finance (DeFi). $AVL token gives voting power within Avalon Labs’ decentralized governance system, exclusive perks, including fee rebates, access to AVL Lend, and special incentive allocations.
In its Seed round, the company raised $1.5M backed by SNZ Holding, Summer Ventures, Spark Digital Capital, Matrixdock, and Web3Port Foundation. The raised funds are aimed at expanding Avalon Labs' ecosystem, particularly in developing Bitcoin-backed financial instruments.
Tokens had a 12-month cliff, followed by a 12-month gradual vesting