avatar

LFG Disclosed No Plan to Use $AVAX Reserves, Says Avalanche

Avalanche explains the details around the $AVAX reserves that Luna Foundation Guard (LFG) and Terraform Labs (TFL) hold through its twitter. TFL purchased 1.09m $AVAX with a one-year lockup, and LFG purchased 1.97m $AVAX. LFG has disclosed no plans to use the $AVAX. The Avalanche Foundation will work with LFG on a sensible trading strategy should LFG be ready to sell.
Source

Avalanche

Terra

In This Article

Related News
Avalanche buys back $53M of AVAX tokens from Terra’s LFG Avalanche buys back $53M of AVAX tokens from Terra’s LFG
Terra chain halts operations, ASTRO token falls over 60% Terra chain halts operations, ASTRO token falls over 60%
ANZ Banking Group and Chainlink Tested Tokenised Asset Settlement on Avalanche and Ethereum ANZ Banking Group and Chainlink Tested Tokenised Asset Settlement on Avalanche and Ethereum
Avalanche Launched Teleporter to Unify Network of Subnets Avalanche Launched Teleporter to Unify Network of Subnets
Avalanche Unveiled Criteria for its $100M Meme Coin Fund Avalanche Unveiled Criteria for its $100M Meme Coin Fund
Latest News More More
Sky’s lending subDAO Spark targets up to $1.1 billion in direct exposure to Ethena’s USDe and sUSDe tokens
1 Day Ago Sony’s Layer-2 Blockchain 'Soneium' Goes Live
1 Day Ago Japan’s Remixpoint buys 33.3 additional bitcoin, boosting holdings to nearly $32 million
2 Days Ago Arbitrum, Azuki-backed Animecoin unveils tokenomics with over 50% community allocation
2 Days Ago Singapore bans Polymarket amid national crackdown on online gambling sites

About TokenInsight

Services

Products

Support

Google Play
Google Play
Google Play
2018 – 2023 © TokenInsight Ltd. All rights reserved
Disclaimer Terms of Service Privacy Policy
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open