Travala Launches AVA Buyback Multiplier Mechanism, Total Buyback Scale Rises to 4x When Member Rewards Reach $250,000

Odaily: Blockchain travel platform Travala has announced the launch of the AVA Buyback Multiplier mechanism, which dynamically adjusts the platform's matching buyback multiplier based on the AVA rebate rewards that AVA Smart members receive each month. When monthly member rebate rewards reach $100,000, $150,000, $200,000, and $250,000, Travala's matching buyback multiplier will rise to 1.5x, 2x, 2.5x, and 3x respectively, corresponding to a total buyback scale by the foundation and Travala of up to 4x the member rewards. If member rewards are below $100,000, Travala's matching buyback multiplier is 1x.

Travala stated that the foundation repurchases the AVA distributed to members in the previous month on a monthly basis, and Travala then conducts matching buybacks at the corresponding multiplier, permanently locking the purchased tokens in the AVA Strategic Reserve multisig wallet, with a commitment not to sell or transfer them. As of the announcement, the AVA Foundation has cumulatively repurchased 5,423,181 AVA; the strategic reserve holds 598,458.78 AVA after the most recent two rounds of matching buybacks. Related transactions can be verified through on-chain records.