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Avantis to Distribute $80 Million in AVNT Token Rewards to XP Holders

Avantis announces a distribution of 40 million AVNT tokens, worth over $80 million, to XP holders over the next five months, with a new dashboard launching for tracking progress.

Summary

Avantis will allocate 40 million AVNT tokens to XP holders over the next five months, representing 4% of its total supply, valued at over $80 million. Liquidity providers will receive 25%, while traders will receive 75%. A new S3 points dashboard will be launched next week to track rewards distribution. Season 3 concludes on February 28, after which AVNT rewards will be distributed to participants.

Terms & Concepts
  • AVNT Token: The native cryptocurrency of the Avantis platform, used for rewards, transactions, and ecosystem participation.
  • XP Holders: Users recognized by Avantis for their accumulated experience points, qualifying them for token rewards.
  • Token Allocation: The process of distributing a set percentage of tokens to specific participants or stakeholders within a blockchain ecosystem.