Travala doubles monthly AVA buybacks, adds strategic reserve

Travala said it will double the monthly amount of its self-issued AVA token bought back on the open market and introduce a Strategic Reserve structure under which purchased tokens will be permanently frozen. Previously, the AVA Foundation repurchased only the amount distributed as member rewards to replenish the rewards pool. Going forward, Travala will use its own funds to buy an additional equal amount and transfer all of it to a permanently locked wallet. Based on August rewards, a total of 739,762 AVA was absorbed from the market, of which 369,881 AVA allocated by Travala was converted into permanently non-circulating supply.