Cryptocurrency travel platform Travala launched a permanent AVA strategic reserve, with monthly buybacks doubling

The cryptocurrency travel booking platform Travala and the AVA Foundation announced a matching buyback arrangement. Travala will fund the buyback independently and in addition to the existing reward supplementary buyback from the AVA Foundation, increasing the monthly open market buyback amount from 1 times the member reward amount to 2 times. The AVA purchased through the matching buyback will be transferred to a new Travala AVA strategic reserve wallet, which will be managed by multi-signature, and Travala commits that the AVA will never be sold or transferred.

Under the existing mechanism, the AVA Foundation will buy back an amount of AVA each month equivalent to the amount of AVA distributed to AVA Smart members in the previous month, with a historical total of 4,824,722 AVA already bought back. The first matching buyback has been completed: the Foundation bought back 369,881.04 AVA in September, corresponding to the member rewards from August; Travala independently matched and purchased another 369,881.04 AVA, totaling 739,762.08 AVA. The Travala portion has been transferred to address 0x7bed1889c21d9eb3560463c14cd74fe29f2d03b6, and both buybacks can be verified on-chain separately.

The AVA transferred to this wallet is permanently locked, with a portion removed from the circulating supply each month, and excluded from the official circulating supply through the AVA circulating supply interface. Travala will submit the reserve wallet address to CoinMarketCap and CoinGecko, and both parties will publicly report the numbers of the two buybacks each month.