Travala.com burns 56,500 AVA, equivalent to $50,526 USD worth of tokens at the time of the burn.
As per Travala.com’s whitepaper, the AVA Repurchasing Plan will take place every quarter until 21,571,086 AVA are permanently destroyed. This represents 35% of the total starting supply of 61,571,086 AVA, reducing the overall total supply to just 40,000,000 AVA.
The amount of AVA to be repurchased and burned each quarter is determined by Travala.com’s booking activity, therefore it’s expected that as our booking volumes continue to grow so will the value of AVA tokens repurchased and burned on a quarterly basis.
We have completed our fifth quarterly burn of 56,500 AVA reducing the starting total supply from 61,181,769 to the current total supply of 61,125,269 AVA as can be seen here https://explorer.binance.org/asset/AVA-645
100 AVA – https://explorer.binance.org/tx/1
400 AVA – https://explorer.binance.org/tx/2
56,000 AVA – https://explorer.binance.org/tx/3
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