Avail's Circulating Supply Controversy: Setting the Record Straight

IconCryptoNewsTerminal Staff28 Jul, 2024

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Avail's Circulating Supply Controversy: Setting the Record Straight

Recently, there has been some controversy surrounding the circulating supply of Avail (AVAIL). Some have claimed that the initial circulating supply stated in Avail's whitepaper does not match the current circulating supply. Avail co-founder Anurag Arjun has responded to these claims, stating that they are not true. He explained that the confusion stems from a misunderstanding of the whitepaper's diagram, which listed the airdrop quantity (6%) and the future initiatives quantity (6%) as 12% for public allocation. Arjun also noted that Avail's market capitalization and current circulating supply are not currently being disclosed within Bithumb, but that the exchange has been requested to update the information. In addition, Arjun dismissed recent allegations that Avail has been involved in yield farming and foreign money laundering. He stated that Avail has nothing to do with these activities.

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