Travala Doubles Monthly AVA Buybacks with Permanent Strategic Reserve
Travala, the leading crypto-native travel booking platform, has announced the launch of a permanent AVA Strategic Reserve. This move doubles the monthly open-market buyback volume and reflects the company's commitment to the AVA token ecosystem.
The new matching structure introduces a Travala-funded buyback that operates independently from the existing AVA Foundation rewards-replenishment buyback. The combined effort increases the total monthly buyback volume, with 2x the amount of AVA Smart member givebacks now being repurchased and permanently locked in the Strategic Reserve.
Travala's CEO, Juan Otero, stated that 'AVA is at the center of everything we're building at Travala.' He added that this commitment to the AVA token ecosystem is a reflection of its integral role within the platform. The company has committed never to sell or transfer the tokens held in the Strategic Reserve.
The inaugural Travala Monthly AVA Buyback has already been completed, with 369,881.04 AVA being repurchased from the open market and transferred to the new AVA Strategic Reserve Wallet. This wallet is publicly verifiable on-chain at 0x7bed1889c21d9eb3560463c14cd74fe29f2d03b6.