Crypto travel platform Travala said it has created a permanent strategic reserve for its native token, AVA, and will match the AVA Foundation’s existing monthly open-market buyback program, doubling the total amount purchased each month. In the first cycle, the two sides bought about 739,800 AVA combined. Travala said the tokens placed in its reserve will be held permanently and will not be sold or transferred. The update was cited by Techub News, with Bitcoinist named as the source in the brief. The announcement centers on two points: a standing reserve structure for AVA and a larger recurring buyback commitment through matched monthly purchases.
Crypto travel platform Travala said it has established a permanent strategic reserve for its native token, AVA, and will match the AVA Foundation’s existing monthly open-market buyback program, doubling the total monthly buyback amount.
In the first cycle, Travala and the AVA Foundation purchased about 739,800 AVA in total. Travala said the tokens in the reserve will be held permanently and will not be sold or transferred.
The brief cited Bitcoinist as the source.
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