News linked to both this project and an event.
Avant announced that, based on comprehensive market feedback and its own assessment, it has decided to postpone the Token Generation Event (TGE) to mid-September. Avant stated that the broader decentralized finance (DeFi) token market is currently under pressure, and multiple protocols have recently suffered security incidents—conditions unfavorable for launching a token sale. Avant Rewards points will cease accruing on May 15; however, users’ already-earned points will be preserved and remain eligible for participation in the upcoming TGE. During the postponement period, Avant will advance partnerships, expand total value locked (TVL), and enhance its product suite. It also plans to host a public Space this Thursday at 2:00 PM Eastern Time.
According to Cointelegraph, Admiral Samuel Paparo of the U.S. Navy stated at a hearing before the Senate Armed Services Committee that Bitcoin is a “valuable computer science tool,” and that its proof-of-work technology holds significant applications in cybersecurity—increasing attackers’ costs and enabling the protection of data, information, and command signals, thereby supporting U.S. national security interests. Paparo noted: “Beyond the economic dimension, it has extremely important computer science applications in cybersecurity.” Earlier, in 2023, Jason Lowery of the U.S. Space Force expressed a similar view.