Travala announced the launch of a permanent AVA Strategic Reserve of AVA, its native token, alongside a new buyback structure that doubles the monthly volume of open-market buybacks.
The initiative will combine the existing AVA Foundation mechanism, which monthly repurchases the exact amount of AVA distributed to AVA Smart Program members, with a new independent buyback funded by the company that mirrors that same amount. The result is a monthly volume equivalent to double the tokens delivered as rewards.
The tokens acquired by Travala are transferred to the new AVA Strategic Reserve Wallet, secured through multisignature custody, with the company’s explicit commitment to never sell or transfer them.
For the first month of implementation, the AVA Foundation repurchased 369,881.04 AVA corresponding to August, and Travala matched that amount with an identical additional purchase, resulting in 739,762.08 AVA being removed from the market in a single transaction.
The mechanism is verifiable on-chain and both purchases will be publicly reported each month. The Reserve will also be reported to CoinMarketCap and CoinGecko for exclusion from the official circulating supply.
Source: https://www.travala.com/blog/travala-launches-ava-strategic-reserve/
Disclaimer: Crypto Economy Flash News are based on verified public and official sources. Their purpose is to provide fast, factual updates about relevant events in the crypto and blockchain ecosystem.
This information does not constitute financial advice or investment recommendation. Readers are encouraged to verify all details through official project channels before making any related decisions.
