What is Travala (AVA)

I. Project Introduction

1. What Is AVA? AVA is a Web3 loyalty and rewards token for travel use cases, maintained by the AVA Foundation. It provides payment discounts, travel cashback, membership benefits, and community voting for the AVA Smart membership system, with Travala as one of its primary real-world application platforms. 2. How Does AVA Work? Users can lock AVA to activate different tiers of Smart membership, gaining travel discounts, AVA cashback, reward boosts, and other membership benefits; paying for travel orders with AVA also earns additional discounts. The Foundation conducts monthly open-market buybacks of AVA to match the rewards distributed by the Smart program. Community members can also use AVA held in an on-chain wallet to vote on ecosystem proposals, with voting weight typically tied to the amount held. 3. Who Founded AVA? AVA originated from the early Travala team, founded in 2017, with publicly disclosed founding members including Matthew Luczynski, Juan Otero, and Steve Hipwell. As the token's utility expanded from a single booking platform into a standalone loyalty ecosystem, the AVA Foundation took responsibility for tokenomics, governance, and partnership development. The Foundation's current publicly disclosed key ecosystem contributors include Steve Hipwell and others. Travala completed multiple early funding rounds between 2019 and 2022, bringing total disclosed funding to approximately USD 1.62 million; among these, one round in October 2020 was USD 1.25 million. 4. AVA Tokenomics AVA has a maximum supply of 100 million tokens, released under controlled quarterly issuance through 2033. The allocation rules for newly issued tokens are: Ecosystem Incentives 50%, Community Pool 20%, Foundation Reserve 20%, and Ecosystem Growth 10%. AVA's core uses include Smart membership locking, travel payments and discounts, loyalty rewards, and community governance; the monthly market buyback is used to match the scale of membership reward distribution. The total and circulating supply are updated according to the established release schedule. 5. Timeline of Key Milestones • 2017: The Travala project and travel rewards token concept are initiated. • 2018: The AVA token launches. • August 2023: The AVA 2.0 token upgrade is completed. • December 2024: The AVA monthly buyback program launches. • April 2026: AVA+ Rewards officially launches.​

II. Cryptocurrency Information

Name: Travala (AVA)

III. Related Links

Official Website: https://www.avafoundation.org/

Whitepaper:https://www.avafoundation.org/ava-2-0-whitepaper/

Blockchain Explorer:https://etherscan.io/address/0xa6C0c097741D55ECd9a3A7DeF3A8253fD022ceB9

Social Media:

https://x.com/AVAFoundation

Note: The project introduction comes from the materials published or provided by the official project team, which is for reference only and does not constitute investment advice. HTX does not take responsibility for any resulting direct or indirect losses.