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AVA TOKEN

Everything you need to know

What is AVA?

As the native cryptocurrency of the Travala.com platform, AVA (BEP-2 token standard) is at the heart of all existing and future use cases Travala.com is pursuing. With AVA, the incentive to use Travala.com becomes even stronger as it provides additional benefits and enhanced user engagement.

As the Travala.com consumer base continues to grow, usage of AVA is integral to your experience on the platform. With its use incentivised by valuable rewards, demand for AVA can be expected to grow in line with platform adoption, leading to the establishment of a healthy internal token economy from which all stakeholders may benefit.

Read on to learn more about how you can use AVA, where you can store it, exchange it and more.

Use AVA

The team at Travala.com is constantly looking for ways to improve the utility of AVA through new partnerships, integrations and additions to our rewards programs. Below we explain the use cases starting with the Smart Program then other use cases for AVA.

The Travala.com Smart Program

Smart Discounts

Get up to 5% discount from bookings made on the platform based on your SMART level. The discount will be applied directly to the listed prices on the platform.

Smart Loyalty

Get up to 5% loyalty reward for bookings made on the platform based on your SMART level after you have completed your stay paid directly to your wallet.

Smart Bonuses

Get a bonus reward of 24% of your locked AVA amount per year paid directly to your wallets just for being a member.

Payments

Pay for your trip using AVA. Pay the full amount of your accommodation bookings with the AVA token and you will get an extra 3% discount of the total price.

Booking Givebacks

For each booking completed on Travala.com you get 2% of your final booking price paid back in AVA.

Price Guarantee

We will match any public competitor’s price. If you book a stay on Travala.com and find a cheaper price elsewhere, you can claim the difference in AVA.

Repurchasing Plan

The repurchasing plan take’s place every quarter. The amount of AVA to be repurchased each quarter is based on 20% of net booking revenue.

Pay your Bills with AVA

Pay any Australian bill with AVA – electricity bills, car registration, mobile phone, credit card, school fees, rent or even a bank account

Spend & Shop

Spend and shop with your AVA as payment at over 5,000 e-commerce merchants worldwide made possible by our strategic partnership with Coingate.

TravalAds (coming soon)

Hotels and travel suppliers can use AVA to pay for priority seeding of their product in search results. This extends to any travel-related services.

Review rewards (coming soon)

Rewards for travellers who leave an authentic review about their stay. Only possible to review a confirmed booking. All review rewards are paid in AVA.

Burn AVA

As per Travala.com’s whitepaper, the AVA Repurchasing Plan will take place every quarter until 21,571,086 AVA are permanently destroyed. This represents 35% of the total starting supply of 61,571,086 AVA, reducing the overall total supply to just 40,000,000 AVA.

Burn 1

187,254 AVA reducing the total supply from 61,571,086 to 61,383,832 AVA

Burn transactionBurn announcement

Burn 2

140,872 AVA reducing the total supply from 61,383,832 to 61,242,960 AVA

Burn transactionBurn announcement

Burn 3

14,244 AVA reducing the total supply from 61,242,960 to 61,228,716 AVA

Burn transactionBurn announcement

Burn 4

46,947 AVA reducing the total supply from 61,228,716 to 61,181,769 AVA

Burn transactionBurn announcement

Burn 5

56,500 AVA reducing the total supply from 61,181,769 to 61,125,269 AVA

Burn transactionBurn announcement
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