Following the announcement in the AVA 2.0 Proposal that AVA will soon undergo a token swap to the Ethereum (ERC-20) protocol, Travala.com’s long-standing partner—the AVA Foundation—has released more information about the AVA token swap, which can be accessed here.
The technical upgrade will be implemented by the AVA Foundation to swap all existing versions of the AVA token (BEP-2, BEP-20 and ERC-20) to a new AVA token on the Ethereum (ERC-20) protocol. The article details how the swap will work, how token holders can swap their AVA, and the current and new AVA contract addresses.
Importantly, the swap date has not yet been set and will be provided in the next announcement, along with more information on the platforms supporting the swap.
Swap options will be supported for a 15-month period, and users holding AVA tokens in the platform wallet or in the Smart Program on Travala.com at the time of the token swap will be able to swap their legacy AVA tokens to the new AVA token.
Following the 15-month period, swap options on centralised exchanges, Travala.com, and third-party on-chain platforms will no longer be supported. Token holders that do not swap in this time period will need to contact the AVA Foundation directly to swap their AVA 1.0 tokens to AVA 2.0.
Founded in 2017, Travala.com is the leading crypto-native travel booking service with 2,200,000+ properties in 230 countries, 400,000+ activities, and 600+ airlines globally. Travala.com is a champion of cryptocurrency adoption, accepting over 90 leading cryptocurrencies alongside traditional payment methods. In addition to unbeatable prices via its Best Price Guarantee, Smart members on Travala.com can also enjoy additional discounts and loyalty rewards for eligible bookings made on the platform. For more information about Travala.com, visit: www.travala.com.