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Bought Travala; AVA token - 5th AVA token Burn Round the Corner

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gungunkrishu
@gungunkrishu
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Hey All;

I guess most of you might be knowing about the Travala project and its cryptocurrency AVA token. In very simple layman terms; Travala is a Cryptocurrency Friendly Travel Booking platform. It allows you to Book your travel tickets; Hotel & Airtickets with many major cryptocurrencies like BTC, ETH, LTC, BNB, AVA, and many others.

I came to know about this GEM project from my friend @trumpman post here on Leofinance platform. And after doing my own research I thought of investing/buying the AVA token. It's now almost two months ago, that I had bought close to 1.5K AVA tokens. I did the post around it as well & the same can be found here. Crypto Friendly Travel Booking Platform - Travala token AVA Bought

To date, the AVA tokens that I had bought were kept in the Travala wallet and I didn't joint their Smart Member Program as I was looking for some quick gains. But the gains that I was looking for didn't happen, so I decided to invest close to 1 ETH more into buying these AVA tokens & increase my stake.

With this recent purchase, I have now close to 2.4K AVA tokens. I'm looking forward to rounding it off to 2.5K at least in the near future so that if I plan to enter their Smart Member Program, then I can join at level 3. At level 3, I would be getting the following benefits; which are tied to Booking Discounts; Loyalty rewards; AVA Bonuses & AVA payment discounts. Details as follows::

The other reason for the purchase of the AVA token is the AVA token Burn which is going to happen soon. I guess mid-January 2021 and this is going to be their 5th AVA token Burn.

AVA token BURN; So far

As per Travala.com’s whitepaper, the AVA Repurchasing Plan will take place every quarter until 21,571,086 AVA are permanently destroyed. This represents 35% of the total starting supply of 61,571,086 AVA, reducing the overall total supply to just 40,000,000 AVA

So with the Token Burn policy that Travala has they are going to reduce the total supply of AVA token to a 40Million. Also, an interesting point to note here is that; Despite COVID-19; Travala.com Monthly Report: November 2020 showcases 503% Year-on-Year Growth & Monthly Revenues in Excess of $920K. Check the Travala November Monthly Report Here

Also according to November 2020 report; there are 2,307 SMART members in total who have locked their AVA token in Smart Member Program. These are November numbers and we are in January 2021; so you can imagine the real numbers to be on a higher-end. And here comes the greater news which is the numbers tied to the locked AVA tokens.

A total of 9,195,00 AVA are locked in the SMART program which represents 21.98% of the circulating supply & thereby further reducing the circulating supply of the token.

Considering all these factors, I thought of enhancing my stake in the AVA token and look further to at least get to a point that I'm able to join their smart program at level 5; for which I need to have 5K AVA tokens. Until then; I'm just going to HODL; the AVA token and see how it plays out.

Have Your Say...

Did you hear about the Travala AVA token? Do you HODL AVA tokens? What are your thoughts on Travala Project overall? Let me know your valuable views in the comment box below.

Best Regards

PS:- None of the above is a FINANCIAL Advice. Please DYOR; Do your own research. I had an interest in the Travala project and hence bought some of AVA tokens; that's iT.

PS:: Image Credits:: Travala

Posted Using LeoFinance Beta