Travala's Crypto Loyalty Program Surpasses 170K Members, Aims for 30% Locked Supply

Travala's crypto loyalty program, AVA Smart Program, has reached over 170,000 members as of August, marking a 110% year-on-year increase. This milestone represents a significant step towards Travala's long-term goal of locking 30% of the circulating supply of AVA.

Currently, around 16% of the circulating AVA is locked in the program and AVA+ Rewards, with approximately 12.1 million AVA tokens representing this value. New members will now require double the current AVA lock for every tier starting from November 1st, while existing members can choose to move to the new levels after implementation to increase their eligible AVA.

According to Steve Hipwell, AVA Foundation Lead Contributor, 'Having 16% of AVA's circulating supply locked within a travel loyalty program demonstrates genuine real-world utility.' Juan Otero, Travala CEO, added that 'More than 170,000 travellers are now part of the AVA Smart Program, and those who lock AVA get more from every trip they book with us.'