<p>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 <a href="https://www.travala.com/governance/proposals/proposal-3-ava-2-0-proposal" rel="noopener noreferrer nofollow">AVA 2.0 Proposal</a>.</p><p>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.</p><h2 id="header-0">AVA 2.0 Token Details</h2><ul><li>Circulating Supply: <a href="https://api.avafoundation.org/ava/circulating-supply" rel="noopener noreferrer nofollow">51,487,051 AVA</a></li><li>Total Supply: <a href="https://api.avafoundation.org/ava/total-supply" rel="noopener noreferrer nofollow">61,011,389 AVA</a></li><li>Maximum Supply: <a href="https://api.avafoundation.org/ava/maximum-supply" rel="noopener noreferrer nofollow">100,000,000 AVA</a></li><li>Contract Address: <a href="https://etherscan.io/token/0xa6c0c097741d55ecd9a3a7def3a8253fd022ceb9" rel="noopener noreferrer nofollow">0xa6c0c097741d55ecd9a3a7def3a8253fd022ceb9</a></li><li>Audit Report: <a href="https://www.avafoundation.org/wp-content/uploads/2023/08/PeckShield-Audit-Report-ERC20-AVA-v1.0-August-2023-.pdf" rel="noopener noreferrer nofollow">PeckShield</a> &amp; <a href="https://skynet.certik.com/projects/ava" rel="noopener noreferrer nofollow">CertiK</a></li><li><a href="https://coinmarketcap.com/currencies/travala/" rel="noopener noreferrer nofollow">CoinMarketCap</a></li><li><a href="https://www.coingecko.com/en/coins/ava" rel="noopener noreferrer nofollow">CoinGecko</a></li></ul><h2 id="header-1">AVA 2.0 Token Distribution Table</h2><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/8f04301865cd4e9c938b375def04901e.png" /><h2 id="header-2">AVA 2.0 Token Distribution Pie Chart</h2><p></p><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/d1a79d4d8286424e89efb03f764230f8.png" /><h2 id="header-3">AVA 2.0 Token Yearly Release Schedule</h2><p></p><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/24c22c554f2a49d5977dfb8b35ee0cfb.png" /><h2 id="header-4">AVA Token Quarterly Release Schedule</h2><p>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 <a href="https://docs.google.com/spreadsheets/d/1JYZKAV9FHRRAWlnwfAjqg6InSX5jiABFfKGkM2ItaaU/edit#gid&#61;0" rel="noopener noreferrer nofollow">AVA 2.0 Token Release Schedule</a>.</p><h2 id="header-5">AVA 2.0 Wallet Addresses</h2><p>There are five primary AVA wallet addresses used within the AVA ecosystem, with each serving a different function. These five wallet addresses are:</p><ul><li>Smart Program Lockup: <br /><a href="https://etherscan.io/address/0x259AfCF4bb259371b9461753dabE7175e92dE7D4" rel="noopener noreferrer nofollow">0x259AfCF4bb259371b9461753dabE7175e92dE7D4</a></li><li>Community Pool: <br /><a href="https://etherscan.io/address/0xE234857A497deCf6239911C8190c195a0eaBB638" rel="noopener noreferrer nofollow">0xE234857A497deCf6239911C8190c195a0eaBB638</a></li><li>Ecosystem Incentives: <br /><a href="https://etherscan.io/address/0xeeAE71ecbD3F1DEc07C0835736ac6DEA4f9D722E" rel="noopener noreferrer nofollow">0xeeAE71ecbD3F1DEc07C0835736ac6DEA4f9D722E</a></li><li>Ecosystem Growth: <br /><a href="https://etherscan.io/address/0x28BD58598CBcC89C177a6a8e35c74e8885C745Fa" rel="noopener noreferrer nofollow">0x28BD58598CBcC89C177a6a8e35c74e8885C745Fa</a></li><li>Foundation Reserve: <br /><a href="https://etherscan.io/address/0x70C37410904dE2a53DF9c6DF725424D871E234d7" rel="noopener noreferrer nofollow">0x70C37410904dE2a53DF9c6DF725424D871E234d7</a></li></ul><h3 id="smart-program-lockup-wallet">Smart Program Lockup Wallet</h3><p>This wallet contains the AVA locked in the <a href="https://www.travala.com/smart" rel="noopener noreferrer nofollow">Smart Program</a> by Smart members.</p><h3 id="community-pool-wallet">Community Pool Wallet</h3><p>The Community Pool wallet holds AVA that is used to fund proposals voted on and successfully passed by the community.</p><p>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.</p><p>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.</p><h3 id="ecosystem-incentives-wallet">Ecosystem Incentives Wallet</h3><p>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 Foundation Smart Program implemented on Travala.com such as AVA givebacks and AVA Smart Bonuses.</p><p>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.</p><p>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.</p><h3 id="ecosystem-growth-wallet">Ecosystem Growth Wallet</h3><p>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.</p><p>Every 3 months as per the token release schedule, 10% of the newly minted AVA supply will be allocated to the Ecosystem Growth wallet.</p><p>AVA that is contributed to this wallet every 3 months but not spent will accrue for future use.</p><h3 id="foundation-reserve-wallet">Foundation Reserve Wallet</h3><p>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.</p><p>Every 3 months as per the token release schedule, 20% of the newly minted AVA supply will be allocated to the Foundation Reserve wallet.</p><p>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.</p><h2 id="header-6"><strong>AVA 2.0 Demand Use Cases</strong></h2><p>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?”.</p><h3 id="ava-payments">AVA Payments</h3><p>Users can make payments in AVA, including within the Travala.com platform for bookings, Travel Credits and Gift Cards. The key benefits of paying with AVA include special discounts on Travala.com 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.</p><h3 id="access">Access</h3><p>Users require AVA tokens to access certain products and services within partner ecosystems. For example, the Smart Program enables users to lock up AVA to access the Smart Program tier of their choice and receive benefits as well as special access to exclusive perks such as <a href="https://www.travala.com/nft" rel="noopener noreferrer nofollow">travel drop giveaways</a>, <a href="https://www.avafoundation.org/introducing-a-new-generation-of-memberships-with-nft-based-travel-program/" rel="noopener noreferrer nofollow">Ambassador bonuses</a> and services like the <a href="https://www.travala.com/blog/open-passport-now-available" rel="noopener noreferrer nofollow">Open Passport</a>. The Community Vote for Smart members gives members the opportunity to determine Travala.com platform decisions.</p><h3 id="ava-earn-programs">AVA Earn Programs</h3><p>Earn programs for earning AVA are available on third-party platforms such as <a href="https://www.binance.com/en/earn/AVA" rel="noopener noreferrer nofollow">Binance Earn</a>, <a href="https://www.gate.io/hodl/2009" rel="noopener noreferrer nofollow">Gate.io Lock &amp; Earn</a>, 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.</p><h3 id="ava-foundation-governance">AVA Foundation Governance</h3><p>Decentralised governance features for the AVA ecosystem will be introduced via <a href="https://vote.avafoundation.org/" rel="noopener noreferrer nofollow">Snapshot</a> to provide greater community involvement, enabling voting on use cases related to the AVA token as well as submission of community proposals as part of the progressive decentralisation of the AVA ecosystem. To submit and vote on proposals, participants will need to be AVA holders. Voting power is based on a holder’s AVA balance.</p><h2 id="header-7"><strong>AVA 2.0 Supply Use Cases</strong></h2><p>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.</p><h3 id="loyalty-discounts-rewards">Loyalty Discounts &amp; Rewards</h3><p>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 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.</p><p>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.</p><h3 id="ava-givebacks">AVA Givebacks</h3><p>The ability to Travel &amp; 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.com, for example, the traveller receives up to 10% of the booking price back in AVA based on their Smart Program Membership. .</p><h3 id="referral-programs">Referral Programs</h3><p>Referral programs are a proven and effective method for attracting new users to an ecosystem. By implementing AVA referral rewards in partner ecosystems, users can refer friends and family to get rewarded for each referral in AVA. On Travala.com, for example, when the referee makes a successful hotel booking, they receive a US$25 reward in AVA. The referrer also receives US$25 in AVA for every invited friend who purchases a booking that meets the minimum value and completes the stay at the property.</p><p></p><h2 id="header-8">About AVA Foundation</h2><p>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.</p><p></p><p></p>

AVA 2.0 Tokenomics

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