The ERC-20 version of the AVA token is now trading on Bybit, a top 5 cryptocurrency derivatives exchange as ranked by CoinMarketCap. This marks the second direct listing of the AVA token on the Ethereum network, expanding the number of use cases available to AVA holders.
Earlier this year, it was announced that an ERC-20 version of AVA would be proposed to reach new user bases and grow the number of AVA token holders. With Ethereum taking giant strides this year to cross over into the mainstream consciousness — courtesy of the meteoric rise of NFTs and DeFi — the developments within the network have sparked significant opportunities for further increasing the utility of AVA beyond those offered by its Binance Chain (BEP-2) and Binance Smart Chain (BEP-20) counterparts. As the Ethereum network continues to evolve, so too will the number of ways AVA can be used.
By adopting this multi-chain approach, AVA holders benefit from being able to bridge between the ERC-20, BEP-2 and BEP-20 chains to engage in a wider variety of activities exclusive to each network. Bridging between these three networks can be performed in a variety of ways, which are covered in more detail below.
Binance.com (BEP2 – BEP20 – ERC20)
Binance.com allows users to deposit and withdraw all three versions of the AVA token, making it a seamless swapping experience into whichever version you desire.
Trust Wallet App (BEP-2 to BEP-20)
One of the most well-known wallets in the entire space, Trust Wallet, allows users to effortlessly swap between the BEP-2 AVA version (Binance Chain) and the BEP-20 AVA version (Binance Smart Chain) and vice versa.
AnySwap Exchange (BEP-20 to ERC-20)
AnySwap is a trustless protocol that bridges assets between blockchains. Simply connect your MetaMask wallet or other supported wallet and perform swaps between the BEP-20 AVA version (Binance Smart Chain) and the ERC-20 AVA version (Ethereum) and vice versa.
AVA is a multi-chain token based on the Binance Chain (BEP-2), Binance Smart Chain (BEP-20) and Ethereum blockchain (ERC-20). Founded in 2017 as a travel utility token, AVA enables travellers from around the globe to book various travel products and provides several incentives that encourage the use of the Travala.com platform, including discounts and loyalty rewards.
Bybit is a cryptocurrency exchange established in March 2018 to offer a professional platform where crypto traders can find an ultra-fast matching engine, excellent customer service and multi-lingual community support. The company provides innovative online trading services and cloud mining products, as well as API support, to retail and institutional clients around the world, and strives to be the most reliable exchange for the emerging digital asset class.
For more information please visit: https://www.bybit.com/.