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Avantis Token Nears $2 with 84% Daily Surge to All-Time High

Avantis announces a new reward structure for XP holders, allocating 40 million AVNT tokens worth over $80 million over the next five months.

Summary

Avantis (AVNT) has revealed that it will distribute 40 million AVNT tokens, representing 4% of the total supply, to XP holders over the next five months. This distribution will allocate 25% to liquidity providers (valued at $20 million) and 75% to traders (valued at $60 million). The announcement coincides with the end of Season 3 on February 28, 2025, after which the AVNT rewards will go live. A new points dashboard for Season 3 will launch next week.

Terms & Concepts
  • AVNT Tokens: The native utility token of the Avantis platform, used for governance, staking, and rewarding users within the ecosystem.
  • Liquidity Providers: Participants who supply capital to a trading platform to facilitate transactions, earning rewards in return.
  • XP Holders: Users who hold experience points (XP) on the Avantis platform, which can be used to access rewards and benefits.