As part of our strategic partnership with Codyfight (CTOK), Smart Diamond and Platinum members will receive exclusive access to a CTOK airdrop up to a maximum total of 200,000 CTOK.

Codyfight combines turn-based strategy with RPG elements in a browser-based game where you can challenge AI and human opponents. CTOK is a token based on the Arbitrum One blockchain, a Layer 2 solution built on top of the Ethereum network and compatible with any ERC20 wallet address.

To participate in the airdrop, you’ll need to:

(1) have an active Smart Diamond or Platinum membership; and

(2) submit your self-custody ERC20 wallet address HERE prior to the snapshot date.

Airdrop Details:

• Eligibility: Smart Diamond & Platinum members
• Amount: 200,000 CTOK
• Start date & time: Monday 20 May 2024 at 7:00 AM (UTC)
• Snapshot date & time: Monday 27 May 2024 at 7:00 AM (UTC)
• Airdrop distribution: Within 7 days of the snapshot date
• Note: Higher levels of Smart Membership will receive more CTOK

Please note that tokens will NOT be airdropped to the following:

• Exchange-owned wallet addresses
• Duplicate wallet addresses

Participate Here

CTOK Contract Address

Following the airdrop distribution, add the following Arbitrum One contract address to your wallet to view and manage your CTOK tokens. Remember to change the network to Arbitrum One.

0xA586B3B80D7e3e8d439e25fBC16Bc5bcEE3E2c85

Disclaimer: The information provided regarding airdrops does not constitute investment, financial, legal, or tax advice. You acknowledge and agree that participating in an airdrop and holding or using tokens involves significant risks, including but not limited to loss of value, regulatory scrutiny, and legal uncertainty. AVA Foundation and Travala.com entities and representatives are not liable for any decisions you make based on your participation in an airdrop. By participating in an airdrop, you agree to the Airdrop Disclaimer Agreement.

About AVA Foundation

The AVA Foundation’s overarching mission is to create a decentralised and self-sufficient blockchain-based loyalty ecosystem with AVA at its core. The AVA token functions as the key to accessing web3 loyalty programs and provides perks to end users, such as AVA payment discounts, AVA loyalty rewards, gated access benefits, and more. AVA tokenises the concept of loyalty reward programs using blockchain technology, bringing web3 to traditional loyalty models.

As indicated during the introduction of the 1,000 Founders Edition Travel Tiger NFTs in February 2022, the Travel Tiger NFT collection will be expanded to extend the reach of the ambassador community and grow the AVA Smart Program.

Summary

• Exclusive 1,000 additional Travel Tiger NFTs will be offered to Diamond and Platinum members in June 2024 by the AVA Foundation.
• Diamond members will be able to mint a guaranteed 1:1 additional NFTs based on their connected NFTs & locked AVA.
• Platinum members will be able to mint one NFT on a first-come, first-served basis if they meet the eligibility criteria.
• The Ambassador Bonus will be increased by 50% for all Diamond members.
• Additional perks will be added for all Diamond members in the future.
• Additional exclusive perks for Founders Edition holders will also be added, such as exclusive bonus travel drops and merch packs.
• Minting will be available exclusively with AVA via the in-platform wallet on Travala.com.
• 20% of the proceeds will be allocated to the AVA Community Pool and 80% to the AVA Foundation Reserve.
• The NFT offerings aim to expand the Smart membership base and provide additional AVA payments utility to prime the AVA ecosystem for growth.

A joint initiative is being launched in partnership with Travala.com to conduct two NFT offerings in June 2024, enabling new and existing Diamond and Platinum members to collectively mint up to 1,000 Travel Tiger NFTs at exclusive discounted member prices by meeting eligibility criteria on Travala.com.

The Ambassador Bonus percentage for all Diamond members will be increased by 50% from Q2 2024. Additional exclusive perks for Founders Edition holders will also be added.

NFT Offering Mechanics

This limited NFT release will be launched as part of the same Travel Tiger Club collection alongside the original Founders Edition pieces, conferring the same benefits as Founders Edition pieces. These Travel Tiger NFTs will not include the “Founders Edition” rarity trait, and will therefore not be entitled to the new and exclusive Founders Edition perks that will be introduced, such as exclusive bonus travel drops and merch packs.

The first NFT offering will be available to Diamond members only, with the second offering available to Platinum members only. Minting during both offerings will be available exclusively with AVA tokens via the in-platform wallet, extending AVA’s utility as a preferred payment option within the ecosystem.

In line with our tokenomics, which sets out that “web3 products will be purchasable in AVA with contributions to the Foundation Reserve”, the AVA Foundation will allocate 20% of all AVA proceeds from both NFT offerings to the AVA Community Pool; the remaining 80% of AVA proceeds will be allocated to the AVA Foundation Reserve to continue the growth of the AVA ecosystem, including continuing to expand the AVA Smart Program via the introduction of additional perks for Diamond members and additional exclusive perks for Founders Edition holders.

50% of the royalties from the secondary trading of Travel Tiger NFTs on OpenSea and other NFT marketplaces will continue to be allocated to the AVA Community Pool, as with the Founders Edition Travel Tiger NFTs.

If any Travel Tiger NFTs remain following the two NFT offerings for Diamond and Platinum members, the remaining NFTs will be made available exclusively to Travala members who meet the eligibility criteria. In this scenario, these NFTs will be available on an ongoing basis and will be priced at a premium to the other two NFT offerings for Diamond and Platinum members. More details will be communicated if this scenario eventuates.

NFT Offering 1: Diamond Members

Snapshot date: Tuesday 4 June 2024 7:00AM UTC

NFT minting period: Thursday 6 June 2024 at 7:00AM UTC – Monday 10 June 2024 at 7:00AM UTC

Price per NFT: US$4,200

Max NFTs mintable per member: 1:1 based on connected NFTs & locked AVA

Obtainability: Guaranteed

Payment options: AVA only via account wallet on Travala.com

NFT minting: Within 24 hours of payment

Eligibility Criteria

The number of NFTs a Diamond member will be able to mint during the first NFT offering depends on how many NFTs are connected to their Travala.com account and how much extra AVA they have locked at the snapshot date:

• If you have one NFT and an active Diamond membership, you’ll be eligible to mint one NFT.
• If you have more than one NFT and an active Diamond membership, you can mint more NFTs up to the maximum number of your connected NFTs by locking an extra 2,500 AVA per NFT (which also boosts your AVA Smart Bonus). See the example below.

Example: a Diamond member who has 3 Travel Tiger NFTs in a wallet connected to their Travala.com account and:

• the default 2,500 AVA locked for the Diamond membership; AND

• an extra 2,500 AVA locked per additional NFT (i.e. 5,000 AVA for the 2 additional NFTs in this example)

will have a total of 7,500 AVA locked and be eligible to mint up to 3 new NFTs.

Learn more about locking extra AVA

How to Participate

A snapshot will be taken on 4 June 2024 at 7:00AM UTC that will determine the maximum number of NFTs a Diamond member is eligible to mint based on the NFTs connected to their Travala.com account and the amount of extra AVA they have locked.

The minting period will then run from 6 June 2024 at 7:00AM UTC – 10 June 2024 at 7:00AM UTC.

If you have multiple Travel Tiger NFTs but haven’t locked extra AVA yet, there’s still plenty of time before the snapshot on 4 June 2024!

Lock Extra AVA

NFT Offering 2: Platinum Members

Whitelist period: Tuesday 11 June 2024 at 7:00AM UTC – Tuesday 18 June 2024 at 7:00AM UTC

NFT minting period: Friday 21 June 2024 at 7:00AM UTC – Friday 28 June 2024 at 7:00AM UTC

Price per NFT: US$4,900

Max NFTs mintable per member: 1 NFT (if eligibility criteria is met)

Obtainability: First-come, first-served basis

Payment options: AVA only via account wallet on Travala.com

NFT minting: Within 24 hours of payment

Eligibility Criteria

You’ll be eligible to mint one NFT when you meet all of the following criteria:

• have an active Smart Platinum membership
• spent a minimum of US$400 on bookings*, Travel Credit purchases or Gift Card purchases on Travala.com

*Any uncompleted bookings at the end of the whitelist period must be non-refundable in order to count towards the eligibility criteria.

All bookings—including flights, hotels and activities—made on the Travala.com website (desktop or mobile), app or any official third-party MiniApp count towards the criteria. 

You may meet the eligibility criteria until the final day of the whitelist period on 18 June 2024. You may therefore complete purchases on the Travala.com platform and upgrade your Smart membership to Platinum until this date.

View your bookings

Disclaimer: the NFT offering for Platinum members will be offered on a first-come, first-served basis. Whitelisting does not guarantee your ability to mint a Travel Tiger NFT.

How to Participate

Whitelist registration will be open from Tuesday 11 June 2024 at 7:00AM UTC – Tuesday 18 June 2024 at 7:00AM UTC. During this period, you’ll be able to whitelist your ERC20 wallet address in the AVA Smart Program section of your Travala.com account if you meet the eligibility criteria above.

You’ll then have the opportunity to mint one Travel Tiger NFT exclusively with AVA tokens via the in-platform wallet from Friday 21 June 2024 at 7:00AM UTC – Friday 28 June 2024 at 7:00AM UTC.

Scaling the Smart Diamond Membership

The Travel Tigers launched as a small, exclusive NFT collection with only 1,000 items. Through the introduction of further NFTs and a 50% increase in the Ambassador Bonus, this approach allows the Smart Diamond membership to scale as the AVA and Travala.com ecosystems scale, particularly during this period of substantial growth.

The expansion will enable existing members to continue receiving top travel utility benefits while encouraging new members to join the flagship membership by being loyal members and participating in the overall growth of both the Travala.com ecosystem (by completing travel bookings) and AVA ecosystem (by interacting with AVA, the AVA Smart Program, and the Travel Tiger NFTs).

Further utility and greater value will continue to be incorporated into the Smart Diamond membership as the program grows, with more additions and continued improvements that enhance your travel experience.

Key dates for each of the NFT offerings will be communicated via email to Smart members and on Twitter, Telegram, and Discord. To learn more about Travel Tiger NFTs, see the NFT FAQs. To learn more about the upcoming NFT offerings, see the FAQs below.

Terms and conditions apply to the NFT offering.

FAQs

Is this a new collection of Travel Tigers?

No, the new NFTs will be launched as part of the same Travel Tiger Club collection alongside the original Founders Edition pieces. These Travel Tiger NFTs do not include the “Founders Edition” trait, meaning they do not receive the exclusive Founders Edition perks that will be introduced, such as exclusive bonus travel drops for Founders Edition holders and merch packs. Holders of these new Travel Tiger NFTs will otherwise receive exactly the same perks as Founders Edition holders.

How will this affect AVA?
More NFTs sold equals more Diamond members, which means more AVA locked. With the additional AVA lock feature for increasing the AVA Smart Bonus now available for Diamond members who hold multiple NFTs, this also translates to more AVA locked. NFTs only being mintable with AVA in both offerings provides further utility for AVA.

In addition to the AVA lock-up requirements, the AVA Foundation will allocate 20% of all AVA proceeds from both NFT offerings to the AVA Community Pool. The remaining 80% of AVA will be allocated to the AVA Foundation Treasury to continue the growth of the AVA ecosystem, as well as to continue expanding the AVA Smart Program, including the introduction of additional perks for Diamond members.

How will the Ambassador Bonus be affected?

The Ambassador Bonus percentage for all Diamond members will be increased by 50% from Q2 2024. This means that Diamond members who claim the Ambassador Bonus in July 2024 will receive the Ambassador Bonus at the updated rate.

Who can qualify to mint?

All Diamond members qualify. Platinum members who meet the following eligibility criteria will also qualify:

• have an active Smart Platinum membership
• spent a minimum of US$400 on bookings*, Travel Credit purchases or Gift Card purchases on Travala.com

*Any uncompleted bookings at the end of the whitelist period must be non-refundable in order to count towards the eligibility criteria.

How much will a Travel Tiger cost?

Diamond members will be able to mint at US$4,200 per NFT.

Platinum members will be able to mint at US$4,900 per NFT.

What payment methods can I use to mint a Travel Tiger?

Only AVA via the in-platform wallet can be used to mint during the Diamond and Platinum NFT offerings.

How does the snapshot for Diamond members work?

On the snapshot date of Tuesday 4 June 2024 7:00AM UTC, Diamond members will be allocated the maximum number of NFTs they’ll be able to mint. This maximum number is based on the number of NFTs in the wallet connected to each member’s Travala.com account and the amount of extra AVA they have locked at the time of the snapshot.

Example: a Diamond member who has 3 Travel Tiger NFTs in a wallet connected to their Travala.com account and:

• the default 2,500 AVA locked for the Diamond membership; AND

• an extra 2,500 AVA locked per additional NFT (i.e. 5,000 AVA for the 2 additional NFTs in this example)

will have a total of 7,500 AVA locked and be eligible to mint up to 3 new NFTs.

When do I have to meet the eligibility criteria to mint an NFT in Offering 2?

Members can qualify until the time the whitelist closes on Tuesday 18 June at 7:00AM UTC. Users can make bookings, buy Travel Credits and Gift Cards, and upgrade to a Platinum membership (if they aren’t Platinum members already) up until this time. Members will be able to whitelist their ERC20 wallet address once the eligibility criteria is met (provided it is met before the whitelist closes).

What purchases count towards the US$400 eligibility criteria?

All bookings—including flights, hotels and activities—made on the Travala.com website (desktop or mobile), app or any official third-party MiniApp count towards the criteria for minting a Travel Tiger NFT for Platinum members. All Travel Credit purchases and Gift Card purchases also count, regardless of whether they have been redeemed.

What’s the difference in the obtainability between the two offerings?

Offering 1 for Diamond members is a guaranteed offering, meaning all existing Diamond members will be guaranteed to mint up to the maximum number of NFTs they’re eligible for, based on the number of connected NFTs and locked AVA in their account at the snapshot date.

Offering 2 for Platinum members is offered on a first-come, first-served basis. Members who meet the eligibility criteria and whitelist their ERC20 wallet address will be able to mint one NFT each until 1,000 NFTs in total have been minted across both offerings. If the NFTs are all minted, members who whitelisted and did not yet mint will no longer be able to mint.

What happens if the 1,000 NFTs aren’t all sold during the two offerings?

If any Travel Tiger NFTs remain following the two NFT offerings for Diamond and Platinum members, the remaining NFTs will be made available exclusively to Smart members who meet the eligibility criteria. In this scenario, these NFTs will be available on an ongoing basis and will be priced at a premium to the other two NFT offerings for Diamond and Platinum members. More details will be communicated if this scenario eventuates.

Where can I check my progress to see if I meet the eligibility criteria?

Users will be able to track their progress via pop-up screens that will be implemented in all user accounts soon. 

In the meantime, users can always check the various sections of their Travala.com account:

• My Bookings: https://www.travala.com/my-bookings
• Travel Credits & Gift Cards (Summary tab): https://www.travala.com/my-travel-credits

As a new perk of the AVA Smart Program, Smart members will now have the opportunity to participate in token airdrops of early-stage partner projects.

The first of these projects is Sensay, a web3 company pioneering digital immortality with authorised Al autonomous personal replicas. These digital replicas simplify the creation of digital intellectual capital and unlock a wide range of applications.

To participate in the airdrop, you’ll need to:

(1) have an active Smart Diamond or Platinum membership; and

(2) submit your self-custody ERC20 wallet address HERE prior to Monday 15 April 2024 at 7:00 AM (UTC).

Airdrop Details:

• Eligibility: Smart Diamond & Platinum members
• Amount: Maximum of 50,000,000 SNSY
• Start date & time: Monday 8 April 2024 at 7:00 AM (UTC)
• Snapshot date & time: Monday 15 April 2024 at 7:00 AM (UTC)
• Airdrop distribution: Within 7 days of the snapshot date
• Note: Higher levels of Smart Membership will receive more SNSY

Please note that tokens will NOT be airdropped to the following:

• Exchange-owned wallet addresses
• Duplicate wallet addresses

PARTICIPATE HERE

About AVA Foundation

The AVA Foundation’s overarching mission is to create a decentralised and self-sufficient blockchain-based loyalty ecosystem with AVA at its core. The AVA token functions as the key to accessing web3 loyalty programs and provides perks to end users, such as AVA payment discounts, AVA loyalty rewards, gated access benefits, and more. AVA tokenises the concept of loyalty reward programs using blockchain technology, bringing web3 to traditional loyalty models.

Smart Diamond members now have the option to lock an extra 2,500 AVA for each additional Travel Tiger NFT connected to their Travala.com account, enabling Diamond members with multiple Travel Tiger NFTs to receive the AVA Smart Bonus of 20% per year on an increased amount of locked AVA.

Lock up AVA on the AVA Smart Program page on Travala.com

The feature allows extra AVA to be locked in multiples of 2,500 AVA per Travel Tiger NFT in the connected wallet. There is no limit on how many NFTs can be connected and therefore no limit on the amount of AVA that can be locked. Just as with a Smart membership activation, a 30-day minimum AVA lock-up period applies before the AVA can be unlocked.

For example, four Travel Tiger NFTs in the connected wallet would enable up to 7,500 extra AVA tokens to be locked (in addition to the existing 2,500 AVA already locked to activate the Smart Diamond membership) for a total of 10,000 locked AVA. This would attract an AVA Smart Bonus of 2,000 AVA per year (10,000 AVA x 20%), provided the requirements are met each quarter.

The requirements to claim the AVA Smart Bonus remain the same regardless of how much AVA is locked, i.e.:

• Complete the specified Contributor Tasks at the beginning of the following quarter; OR
• Spend a minimum of US$50 worth of AVA on Travala.com within the quarter. 

See this article for more information about the AVA Smart Bonus requirements.

Diamond members have the option to choose how much AVA they would like to lock in multiples of 2,500 AVA based on the number of Travel Tiger NFTs they hold.

Continuing on from the example above, a member with four Travel Tiger NFTs could choose whether to lock an extra 2,500 AVA, 5,000 AVA, or 7,500 AVA.

Depending on your locked AVA amount, any Travel Tiger NFTs transferred out of your connected wallet may result in AVA tokens being automatically unlocked to your wallet in your Travala.com account. If the member in the example above with four Travel Tiger NFTs had opted to lock an extra 7,500 AVA and decided to transfer an NFT, 2,500 AVA would be automatically unlocked. However, if the member only locked an extra 5,000 AVA and transferred an NFT, no AVA would be unlocked, as they would still have three NFTs which allows them to have 2,500 AVA locked for the Diamond membership PLUS 5,000 AVA (2,500 AVA for each of the additional two NFTs).

About AVA Foundation

The AVA Foundation’s overarching mission is to create a decentralised and self-sufficient blockchain-based loyalty ecosystem with AVA at its core. The AVA token functions as the key to accessing web3 loyalty programs and provides perks to end users, such as AVA payment discounts, AVA loyalty rewards, gated access benefits, and more. AVA tokenises the concept of loyalty reward programs using blockchain technology, bringing web3 to traditional loyalty models.

The AVA Foundation has partnered with Transak, a leading fiat on-ramp solution provider, to make AVA available for purchase on Travala.com using credit and debit cards, bank transfer and other fiat payment methods in over 160 countries.

The integration offers a quick and secure way to buy AVA, which can be used to seamlessly upgrade AVA Smart Program memberships to receive upsized perks and get up to an additional 3% discount on travel when booking with AVA in full on Travala.com.

Transak has been offering fiat onboarding solutions since 2019 and now powers fiat-to-crypto conversions in over 350 apps, including MetaMask, Ledger and Trust Wallet. The company sources liquidity from multiple exchanges, providing a highly competitive conversion rate. As a registered crypto asset business, the company follows strict anti-money laundering processes to maintain a low fraud rate.

To purchase AVA on Travala.com, users can navigate to My Wallet in their account on the desktop or mobile site, click the new ‘Buy AVA’ tab, enter the amount of AVA they wish to purchase, and select the fiat payment method. Supported payment methods include credit and debit cards, bank transfer, Apple Pay, Google Pay, Cash App and other third-party apps.

Users will then need to complete a quick, one-off Know Your Customer (KYC) check via Transak’s portal before finalising the transaction. Once the payment is processed, the purchased AVA will be credited to the user’s account wallet on Travala.com.

“Transak enables the AVA Foundation to establish greater convenience for new and existing AVA token users on partner platforms like Travala.com. This integration expands the token’s availability to significantly simplify access to the perks offered by using AVA within the AVA Smart Program and beyond,” said Steve Hipwell, Lead Contributor at AVA Foundation.

“We are happy to support the AVA Foundation and Travala.com in their mission to simplify access to AVA on Travala.com. We are looking forward to fostering the growth of Web3 among travelers and are committed to continuously streamlining their access to digital assets,” said Yeshu Agarwal, CTO at Transak.

Sign in to Travala.com to get started.

About AVA Foundation

The AVA Foundation’s overarching mission is to create a decentralised and self-sufficient blockchain-based loyalty ecosystem with AVA at its core. The AVA token functions as the key to accessing web3 loyalty programs and provides perks to end users, such as AVA payment discounts, AVA loyalty rewards, gated access benefits, and more. AVA tokenises the concept of loyalty reward programs using blockchain technology, bringing web3 to traditional loyalty models.

About Transak

Transak is a global Web3 payment and onboarding infrastructure provider, facilitating seamless transitions between traditional finance and digital assets. Web3 platforms using Transak can enable users to buy, sell or mint digital assets across 75+ blockchains from 160+ countries, while Transak reduces the complexities of user KYC, risk monitoring, compliance, payment methods and customer support. Trusted by over 350 leading apps, including MetaMask, Coinbase, and backed by industry leaders like Animoca Brands, Consensys, UOB, KX and more, Transak is making Web3 applications more accessible.

AVA (BEP-20) is now available to purchase via the AVA (BEP-20) / USDT (BEP-20) liquidity pool on PancakeSwap V3!

PancakeSwap is the leading decentralised exchange for BNB Smart Chain, utilising user-generated liquidity pools and an automated market maker (AMM) protocol to match buyers with sellers.

267,000 AVA from the Community Pool (equal to US$150,000) has been allocated to create the initial liquidity pool on PancakeSwap, as voted on by the community with a 99.65% approval rate.

BEP-20 functionality expands the utility of the AVA token and provides wider access to AVA, enabling token holders to interact with the BNB Chain ecosystem as well as the existing Ethereum ecosystem to increase on-chain activity across both blockchains.

The AVA BEP-20 contract address is: 0xd9483EA7214FCfd89B4Fb8f513B544920E315A52

Trade AVA (BEP-20) on PancakeSwap

About AVA Foundation

The AVA Foundation’s overarching mission is to create a decentralised and self-sufficient blockchain-based loyalty ecosystem with AVA at its core. The AVA token functions as the key to accessing web3 loyalty programs and provides perks to end users, such as AVA payment discounts, AVA loyalty rewards, gated access benefits, and more. AVA tokenises the concept of loyalty reward programs using blockchain technology, bringing web3 to traditional loyalty models.

About PancakeSwap

PancakeSwap is a leading multichain decentralised exchange that operates on an automated market maker (AMM) model and is available across 9 chains: BNB Chain, Ethereum, Aptos, Polygon zkEVM, zkSync Era, Arbitrum One, Linea, Base, and opBNB. Launched in 2020, PancakeSwap is one of the most popular DEXs in the cryptocurrency industry due to its low transaction fees, high-speed trading, and user-friendly platform. PancakeSwap has over $614 billion in total trading volume and over $1.39 billion in total liquidity locked, making it the leading multichain DEX in the industry. For more information, visit https://pancakeswap.finance/

The AVA Foundation is pleased to announce that the AVA community has voted in favour of introducing the AVA Smart Bonus Booster, with an overwhelming majority of over 91% voting for Option B.

Smart members will now be able to receive an upsized annualised AVA bonus of up to 20% on their locked AVA amount with this initiative using funds from the Community Pool.

The boosted amounts for each tier are:

• Smart Basic to Smart Platinum: 9% p.a. → 15% p.a.
• Smart Diamond: 12% p.a. → 20% p.a.

The AVA Smart Bonus Booster will be effective for the current Q4 2023 period (claimable at the beginning of Q1 2024) as well as the Q1 2024 period (claimable in Q2 2024) and the Q2 2024 period (claimable in Q3 2024).

To receive the first AVA Smart Bonus at the boosted amount, users will need to have an active Smart membership by 31st December 2023 and:

• Complete the specified Contributor Tasks in January 2024; OR
• Spend a minimum of US$50 worth of AVA on Travala.com in Q4 2023.

Remember, travel bookings made on Travala.com only contribute towards the minimum spend if your travel dates (not your booking date) fall within the relevant quarter. Travel Credit or Travel Gift Card purchases made on Travala.com also contribute to this requirement.

For more information about the qualification requirements and the AVA Smart Bonus, see this article.

About AVA Foundation

The AVA Foundation’s overarching mission is to create a decentralised and self-sufficient blockchain-based loyalty ecosystem with AVA at its core. The AVA token functions as the key to accessing web3 loyalty programs and provides perks to end users, such as AVA payment discounts, AVA loyalty rewards, gated access benefits, and more. AVA tokenises the concept of loyalty reward programs using blockchain technology, bringing web3 to traditional loyalty models.

Following the AVA token swap in August 2023, the tokenomics of the AVA token have been updated to reflect the changes to the maximum token supply detailed in the AVA 2.0 Proposal.

This article details the updated tokenomics of the AVA 2.0 token under the AVA Foundation following the token swap, the revised token allocations, the new AVA Foundation wallet addresses within the AVA ecosystem and an overview of the AVA demand and supply use cases.

AVA 2.0 Token Details

AVA 2.0 Token Distribution Table

AVA 2.0 Token Distribution Chart

AVA 2.0 Token Yearly Release Schedule

AVA Token Quarterly Release Schedule

The new supply of AVA tokens will be released every 3 months starting on 1st November 2023 until the final batch of tokens is released on 1st August 2033. For the full release schedule of AVA tokens, please see the AVA 2.0 Token Release Schedule.

AVA 2.0 Wallet Addresses

There are five primary AVA wallet addresses used within the AVA ecosystem, with each serving a different function. These five wallet addresses are:

AVA Smart Program Lockup Wallet

This wallet contains the AVA locked in the AVA Smart Program by Smart members.

Community Pool Wallet

The Community Pool wallet holds AVA that is used to fund proposals voted on and successfully passed by the community. 

Every 3 months as per the token release schedule, 20% of the newly minted AVA supply will be contributed to the Community Pool. 50% of the royalties from the secondary sales of Travel Tiger NFTs are also contributed to the Community Pool. 

AVA funds in this wallet will be used only if proposals are passed; AVA that is contributed to this wallet every 3 months but not spent will accrue for future use. Future web3 products will be purchasable in AVA with contributions to the Community Pool for long-term sustainability and growth.

Ecosystem Incentives Wallet

The AVA in the Ecosystem Incentives wallet is used to support partners that adopt the AVA token such as loyalty benefits offered by the AVA Smart Program implemented on Travala, such as AVA givebacks and AVA Smart Bonuses. 

Every 3 months as per the token release schedule, 50% of the newly minted AVA supply will contribute to funding ecosystem incentives, enabling the AVA ecosystem to expand via user growth and engagement. 

AVA that is contributed to this wallet every 3 months but not spent will accrue for future use. Future web3 products will be purchasable in AVA with contributions to Ecosystem Incentives for long term sustainability and growth.

Ecosystem Growth Wallet

Ecosystem Growth funds will be used to undertake initiatives that provide growth opportunities for the AVA ecosystem, such as engaging in partnerships or expanding reach through paid marketing activities. 

Every 3 months as per the token release schedule, 10% of the newly minted AVA supply will be allocated to the Ecosystem Growth wallet. 

AVA that is contributed to this wallet every 3 months but not spent will accrue for future use.

Foundation Reserve Wallet

The Foundation Reserve wallet holds AVA that is available for the AVA Foundation to use for the betterment of the AVA ecosystem with a long term vision. This will include operational expenses of the AVA Foundation such as legal and compliance, technical development and contributor payment as we move progressively towards decentralisation. 

Every 3 months as per the token release schedule, 20% of the newly minted AVA supply will be allocated to the Foundation Reserve wallet. 

AVA that is contributed to this wallet every 3 months but not spent will accrue for future use. Future web3 products will be purchasable in AVA with contributions to the Foundation Reserve.

AVA 2.0 Demand Use Cases

There are several use cases in the ecosystem that generate demand for the AVA token. These use cases are key to explaining the core questions of “Why should I use AVA?”,  “What can I use AVA for?” and “Why should I hold AVA?”.

AVA Payments

Users can make payments in AVA, including within the Travala platform for bookings, Travel Credits and Gift Cards. The key benefits of paying with AVA include special discounts on Travala of an additional up to 3% when making travel bookings. Any future web3 products introduced by the AVA Foundation will be purchasable in AVA, with sales revenues contributing to the AVA Community Pool, Ecosystem Incentives and Foundation Reserve for the ongoing long-term sustainability of the AVA ecosystem. 

Access

Users require AVA tokens to access certain products and services within partner ecosystems. For example, the AVA Smart Program enables users to lock up AVA to access the AVA Smart Program tier of their choice and receive benefits as well as special access to exclusive perks such as travel drop giveaways, Ambassador bonuses and services like the Open Passport. The Community Vote for Smart members gives members the opportunity to determine Travala platform decisions.

AVA Earn Programs

Earn programs for earning AVA are available on third-party platforms such as Binance Earn, Gate.io Lock & Earn, and KuCoin Earn. These are accessible by locking up AVA for short, flexible and long-term periods of time. There could also be web3 earn programs if proposed and passed by the community via the AVA Foundation Governance feature.

AVA Foundation Governance

Decentralised governance features for the AVA ecosystem are accessible via Snapshot to provide greater community involvement, enabling voting on use cases related to the AVA token. In the future, submissions of community proposals will be opened as part of the progressive decentralisation of the AVA ecosystem. To vote on proposals, participants will need to be AVA holders. Voting power is based on a holder’s AVA balance.

AVA Buyback Program

The AVA Buyback Program involves the Foundation repurchasing the AVA distributed as giveback rewards every month within the AVA Smart Program to generate ongoing demand for the AVA token. Each month, the AVA Foundation purchases AVA tokens on the open market equivalent to the USD value of all the AVA giveback rewards distributed to Travala members for travel bookings in the previous month. These AVA tokens are bought using stablecoins received from Travala as part of their partnership with the AVA Foundation. The purchased AVA tokens are held in the Ecosystem Incentives Wallet, generating demand for AVA and supporting the ecosystem’s growth.

AVA Treasury Reserve on Travala

Travala holds a strategic portion of its treasury in AVA—alongside Bitcoin—as both currencies are integral to the company’s operations. Millions of dollars in travel bookings are paid in AVA on Travala annually, with users receiving and using AVA rewards as part of the AVA Smart Program.

AVA 2.0 Supply Use Cases

There are also supply use cases which introduce new AVA tokens into circulation through the completion of certain actions within the AVA ecosystem and partner ecosystems.

Loyalty Discounts & Rewards

The AVA token functions as the key to accessing web3 loyalty programs and provides perks to end users, such as AVA payment discounts, AVA loyalty rewards, and more. Users can lock up AVA to access the AVA Smart Program tier of their choice and receive discounts and loyalty rewards. The higher the Smart tier, the more AVA required, and the greater the benefits.

AVA rewards can be used within ecosystems to purchase in-platform products or upgrade memberships. Since AVA has real-world value as a cryptocurrency, AVA can also be withdrawn from any platform that supports it.

AVA Givebacks

The ability to Travel & Earn AVA for completing purchases is a powerful supply tool that introduces new users to AVA and encourages user loyalty. When a travel booking is completed on Travala, for example, the traveller receives up to 10% of the booking price back in AVA based on their Smart membership.

About AVA Foundation

The AVA Foundation’s overarching mission is to create a decentralised and self-sufficient blockchain-based loyalty ecosystem with AVA at its core. The AVA token functions as the key to accessing web3 loyalty programs and provides perks to end users, such as AVA payment discounts, AVA loyalty rewards, gated access benefits, and more. AVA tokenises the concept of loyalty reward programs using blockchain technology, bringing web3 to traditional loyalty models.

One of the key items included in the AVA 2.0 Proposal which the community has been looking forward to following the proposal outcome is the new AVA Smart Bonus as part of the revamped Smart Program.

The AVA Smart Bonus will provide the opportunity for Smart members to receive AVA bonuses for participating in the AVA ecosystem by completing Contributor Tasks OR spending AVA on the Travala.com platform.

In this article, we’ll take an in-depth look at what the AVA Smart Bonus aims to achieve within the AVA ecosystem and the initial mechanics of the new AVA Smart Bonus in its v.1 stage, with further iterations to follow in the future.

Introduction

The AVA Smart Bonus aims to increase the demand for the Smart Program, grow the utility of the AVA token, and expand the overall visibility of the AVA ecosystem by rewarding members for helping further the AVA ecosystem through participating in AVA ecosystem channels and increasing the overall number of AVA transactions.

The AVA Smart Bonus is offered exclusively to members of the Smart Program, a travel loyalty program of which AVA is the rewards token. In v.1 of the AVA Smart Bonus, all Smart members will have the opportunity to receive the AVA Smart Bonus by completing ONE of the following activities:

1. Complete the specified Contributor Tasks at the beginning of the following quarter; OR
2. Spend a minimum of US$50 worth of AVA on Travala.com within the quarter. 

Contributor Tasks will aim to increase the awareness of both the AVA ecosystem and the utility of the AVA token. Contributor Tasks will be conducted via the Gleam platform and may include participating in community channels, creating social media posts, and a range of other online activities.

This is v.1 of the AVA Smart Bonus and one part of the revamped Smart Program. Iterations and improvements will be made in the following quarters, with members being able to lock up more AVA and receive greater amounts of AVA bonuses from Q1 2024 based on their membership level. As a small piece of the overall AVA 2.0 project, more initiatives are on the way to continue growing the AVA ecosystem, as outlined in the AVA 2.0 Proposal. We’re excited to introduce this new addition for the community and continue building on it in future versions.

Read on for more detailed information about the AVA Smart Bonus mechanics.

V.1 AVA Smart Bonus Amounts

In v.1 of the AVA Smart Bonus, all Smart members from the Steel tier to the Diamond tier will be eligible to receive the AVA Smart Bonus each quarter. The AVA Smart Bonus amount will be rewarded in AVA based on the amount of AVA locked up and, with the AVA Smart Bonus Booster in place, will initially be equal to:

Based on the learnings from v.1, the AVA Smart Bonus amount for each membership tier will be evaluated every quarter, along with the qualification requirements below.

Smart Diamond members can exclusively boost their AVA Smart Bonus by locking up an additional 2,500 AVA for each Travel Tiger NFT owned. Learn more.

Qualification Requirements

To be eligible to receive the AVA Smart Bonus, you’ll need to be a Smart member by the final day of each quarter until you claim your AVA Smart Bonus at the beginning of each quarter.

You’ll also need to complete ONE of the following activities each quarter that help grow the AVA ecosystem and promote the payments utility of AVA in order to receive the AVA Smart Bonus:

1. Complete the specified Contributor Tasks at the beginning of the following quarter; OR
2. Spend a minimum of US$50 worth of AVA on Travala.com within the quarter. 

To participate in the first round, you’ll need to be a Smart member by 31 December 2023 11:59 PM UTC and complete one of the above activities, explained in more detail below.

Contributor Tasks

The goal of Contributor Tasks is to increase the awareness of both the AVA ecosystem and the utility of the AVA token. If you choose to complete Contributor Tasks, this may include participating in community channels, creating social media posts, and a range of other online activities that will be accessible via Gleam.

Contributor Tasks will go live at the beginning of each new quarter. For the first round, Contributor Tasks will be available to complete for 2 weeks in January 2024 (the exact claim period window will be announced closer to the date).

AVA Minimum Spend

If you choose to complete the AVA minimum spend requirement, any product available to purchase with AVA on Travala.com will contribute to this requirement, including completed travel bookings (inclusive of flights, hotels and activities), Travel Credit purchases, or Travel Gift Card purchases.

NOTE: any travel bookings that are refunded or not yet completed by the end of the applicable quarter will NOT count towards the AVA minimum spend requirement for that quarter. Please see the FAQs for more information.

For the first round of the AVA Smart Bonus that will be claimable in January 2024, the applicable period for the AVA minimum spend requirement will be 1 October 2023 at 12:00 AM UTC–31 December 2023 at 11:59 PM UTC.

AVA Smart Bonus vs Ambassador Bonus

The Contributor Tasks for the AVA Smart Bonus will be merged with the existing Ambassador Bonus Marketing Tasks that are open exclusively to Diamond members. From January 2024, the “Ambassador Bonus Marketing Tasks” will be renamed to “Contributor Tasks”. 

Diamond members will therefore only need to complete one set of Contributor Tasks to receive their Ambassador Bonus Travel Credit rewards and AVA Smart Bonus. For clarity, the Ambassador Bonus will continue to be offered exclusively to Diamond members only.

Join Now

To participate in the first round of the AVA Smart Bonus v.1 and receive the AVA Smart Bonus, ensure that you have an active Smart membership by 31 December 2023 at 11:59 PM UTC and complete either the Contributor Tasks launching in January 2024 OR meet the AVA minimum spend requirement between 1 October 2023 at 12:00 AM UTC–31 December 2023 at 11:59 PM UTC.

Remember that, for the first round, your membership must remain active until January 2024 when the AVA Smart Bonus claim period goes live. The exact claim period window will be announced closer to the date, alongside the release of the Contributor Tasks.

The AVA Foundation is thrilled to be introducing the AVA Smart Bonus v.1 to the community and will continue to iterate this initiative in the future based on community feedback.

FAQs

General

How often will the AVA Smart Bonus be conducted?

The AVA Smart Bonus v.1 is currently scheduled to be conducted every quarter. Therefore, there will be four opportunities to receive the AVA Smart Bonus per year.

Will I have to manually claim the AVA Smart Bonus?

Yes. As with the existing Ambassador Bonus for Diamond members, there will be a claim period of 2 weeks following the close of the Contributor Tasks where you will have to manually claim your AVA Smart Bonus in your Travala.com account. 

The AVA Smart Bonus will be claimable at the same time regardless of whether you choose to complete the Contributor Tasks or AVA minimum spend requirement. The AVA Smart Bonus and the Ambassador Bonus for Diamond members will coincide and be claimable at the same time.

Is the AVA Smart Bonus subject to change?

As with all crypto ecosystems, the technology and regulatory landscape is rapidly evolving. The AVA Smart Bonus amount and qualification requirements will therefore be periodically evaluated to ensure that the initiative remains sustainable and effective in its objective to increase the number of participants and activity within the AVA ecosystem while providing the best possible outcome for the community.

Qualification Requirements

What do I have to do to receive the AVA Smart Bonus?

In order to be eligible to receive the AVA Smart Bonus, you must be a Smart member by the final day of each quarter at 11:59 PM UTC and complete ONE of the following activities:

1. Complete the specified Contributor Tasks at the beginning of the following quarter; OR
2. Spend a minimum of US$50 worth of AVA on Travala.com within the quarter.

What will the Contributor Tasks be?

The goal of Contributor Tasks is to increase the awareness of both the AVA ecosystem and the utility of the AVA token. Contributor Tasks may include participating in community channels, creating social media posts, and a range of other online activities. The first round of tasks will be announced in January 2024 and will be available to complete via Gleam.

How long will the Contributor Tasks be open?

In v.1 of the AVA Smart Bonus, Contributor Tasks will be open for a period of 2 weeks at the beginning of each quarter.

What counts towards the AVA minimum spend requirement?

Any product available to purchase with AVA on Travala.com will contribute to the AVA minimum spend requirement, including completed travel bookings (inclusive of flights, hotels and activities), Travel Credit purchases, or Travel Gift Card purchases.

What if I book travel with AVA on Travala.com that I haven’t completed yet?

Any travel bookings that have not been completed by the end of the quarter will NOT count towards the AVA minimum spend requirement for that quarter. 

For example, if a return flight is booked with AVA on Travala.com that departs on 21 December 2023 and returns on 3 January 2024, this booking will NOT count towards the first round of the AVA Smart bonus, as only bookings that are completed from 1 October–31 December 2023 contribute to the requirement in the first round. However, this booking will count towards the second round of the AVA Smart Bonus, for which the applicable period will be 1 January–31 March 2024.

Do I have to redeem Travel Credits or Gift Cards in the same quarter that they’re purchased?

No. Any purchase of Travel Credits or Gift Cards on Travala.com equal to or above US$50 during a quarter will qualify for the AVA minimum spend requirement, regardless of when they are redeemed. Note that purchased Travel Credits and Gift Cards have no expiration date.

What if a booking I purchased with AVA on Travala.com is refunded?

Bookings made with AVA on Travala.com that are refunded will NOT count towards the AVA minimum spend requirement, regardless of whether they were voluntarily or involuntarily cancelled.

Does spending other cryptocurrencies on Travala.com apart from AVA count towards the AVA minimum spend requirement?

No. Only AVA purchases on Travala.com count towards the completion of this requirement. This is to promote the payments utility of AVA within the AVA ecosystem.

Membership Upgrades & Downgrades

What happens if I upgrade, downgrade or deactivate my membership during a quarter?

If you join the Smart Program, upgrade to a higher membership tier, or downgrade to a lower membership tier, you’ll be eligible to receive the AVA Smart Bonus for the membership tier that you held on the final day of the quarter at 11:59 PM UTC.

If you deactivate your Smart membership before claiming the AVA Smart Bonus, you will not be eligible to receive the AVA Smart Bonus.

What happens if I disconnect my wallet with my Travel Tiger NFT or move it to another wallet?

As long as your membership status is Smart Diamond on the final day of the quarter at 11:59 PM UTC, disconnecting your wallet and being temporarily downgraded to the Platinum tier throughout the quarter will not affect the AVA Smart Bonus amount that you can receive. You’ll still be eligible to receive the AVA Smart Bonus for Diamond members.

Legal.

This announcement and the AVA Smart Bonus v.1 program will be subject to the Smart Program Terms and Conditions. 

About AVA Foundation

The AVA Foundation’s overarching mission is to create a decentralised and self-sufficient blockchain-based loyalty ecosystem with AVA at its core. The AVA token functions as the key to accessing web3 loyalty programs and provides perks to end users, such as AVA payment discounts, AVA loyalty rewards, gated access benefits, and more. AVA tokenises the concept of loyalty reward programs using blockchain technology, bringing web3 to traditional loyalty models.

As detailed in the first announcement, the AVA token will soon migrate to a new Ethereum (ERC-20) contract. The new ERC-20 AVA token will be issued on a 1:1 basis for all existing versions of the AVA token, including BEP-2, BEP-20, and the existing ERC-20 version.

The token swap will commence on Monday 28 August 2023 at 03:00 AM UTC, with swap options supported for a 15-month period across centralised exchanges, the Travala.com platform, and third-party on-chain platforms.

Following the 15-month period, swap options on centralised exchanges, Travala.com, and third-party on-chain platforms will no longer be supported. Token holders that do not swap their tokens in this time period will need to contact the AVA Foundation directly to swap their AVA tokens to the new ERC-20 version.

Note: for the purpose of differentiating the AVA token before and after the upgrade, the pre-upgrade AVA token will be referred to as “AVA 1.0” and the post-upgrade AVA token as “AVA 2.0” in this article. However, the token name and ticker will be “AVA” following the token swap.

Legacy & New AVA Contract Addresses

AVA 1.0 tokens on any of the three legacy contract addresses on the BEP-2, BEP-20 and ERC-20 protocols will need to be swapped to the new ERC-20 version of the AVA 2.0 token.

This section details the legacy contract addresses and the new contract address that will take effect once the swap takes place:

Legacy Contract Addresses

Legacy BEP-2 AVA 1.0: LINK

Legacy ERC-20 AVA 1.0 Contract Address: 

0x442b153f6f61c0c99a33aa4170dcb31e1abda1d0

Legacy BEP-20 AVA 1.0 Contract Address:
https://bscscan.com/token/0x13616f44ba82d63c8c0dc3ff843d36a8ec1c05a9

New Contract Address

New ERC-20 AVA 2.0 Contract Address: 

0xa6C0c097741D55ECd9a3A7DeF3A8253fD022ceB9

New Contract Audit Link

PeckShield

Platforms Supporting the Swap

The following platforms have publicly announced their support for the AVA token swap. This list will be updated as platforms announce their support.

IMPORTANT: If, at the token swap date, your AVA 1.0 tokens are stored on a custodial wallet, non-custodial wallet or centralised exchange that is NOT on the following list, it is at your own risk and the recoverability of your funds cannot be guaranteed. Support for AVA 1.0 tokens on third-party platforms following the upgrade and your ability to withdraw your AVA 1.0 tokens is at the discretion of each platform.

Centralised Exchanges

AVA 1.0 tokens stored on centralised exchanges supporting the swap at the time of the token swap will be automatically swapped to AVA 2.0 and no action will be required by token holders.

Centralised exchanges that have announced their support for the AVA token swap include:

• Binance
• Gate.io
• MEXC
• Bitrue
• KuCoin
• WazirX
• Bybit
• CoinDCX
• BYDFi

Travala.com

AVA 1.0 tokens stored in the platform wallet or in the Smart Program on Travala.com at the time of the token swap will be able to be swapped to AVA 2.0. AVA 1.0 tokens on the legacy BEP-2, BEP-20 or ERC-20 protocols can be sent to the platform wallet at any time within the 15-month period in order to swap these tokens to the new AVA 2.0 ERC-20 token. Read more.

DEXs, Cold Wallets & Self-custody Wallets

AVA 1.0 tokens stored in decentralised exchanges or platforms, cold wallets and self-custody wallets at the time of the token swap will require manual swapping to AVA 2.0 by token holders following the token swap date. 

Token holders can manually swap their AVA 1.0 tokens on the legacy BEP-2, BEP-20 or ERC-20 protocols for the AVA 2.0 ERC-20 token at the following third-party on-chain platforms:

• ChangeNOW (BEP-2, BEP-20 & ERC-20): ACCESS SWAP PORTAL HERE

Update Log

As platforms are added to the list, the list will be updated above with new links and logged in this section.

Added on 29 August 2023:

• Gate.io

Added on 12 September 2023:

• KuCoin
• WazirX

Added on 14 September 2023:

• Bybit

Added on 11 October 2023:

• CoinDCX
• BYDFi