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Travala Creates Permanent AVA Reserve And Doubles Monthly Buybacks

Bitcoinist
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TL;DR Travala has launched a permanent strategic reserve for its AVA token. The company says it will match AVA Foundation monthly open-market buybacks, effectively doubling the amount purchased each cycle. Travala says tokens placed into its reserve will not be sold or transferred. Crypto travel platform Travala is putting a new balance-sheet commitment behind its […]

Key Takeaways

  1. TL;DR Travala has launched a permanent strategic reserve for its AVA token.
  2. The company says it will match AVA Foundation monthly open-market buybacks, effectively doubling the amount purchased each cycle.
  3. Travala says tokens placed into its reserve will not be sold or transferred.
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Summary generated by IndiCrypto from Bitcoinist. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.