Travala Launches Permanent AVA Reserve, Doubles Monthly Buybacks
- —Travala will match each monthly AVA Foundation open-market buyback, doubling purchases
- —First cycle: 369,881.04 AVA from the Foundation plus the same from Travala, totaling 739,762.08 AVA
- —The Foundation says it has historically repurchased over 4.8 million AVA
- —Reserve tokens remain onchain but Travala has committed not to sell or transfer them
Why it matters: The program creates recurring demand for AVA and removes some supply from circulation, but its impact depends on Travala maintaining the commitment over time.
Source: Cryptonews.net