TechFlow reports, according to an official announcement from the AVA Foundation, the launch of the AVA Smart Bonus Buyback program. The foundation commits to repurchasing on the open market an amount of tokens equivalent to the AVA Smart Bonus claim amount during specific quarters. AVA is the native token of Travala, a cryptocurrency travel platform.
The first round of buybacks will take place this month, covering the third and fourth quarters of 2024, with the claiming period ending on February 11, 2025. All repurchased tokens will be transferred to the foundation's reserve wallet (0x70C37410904dE2a53DF9c6DF725424D871E234d7). Implementation of the program will be selectively executed based on market prices following the conclusion of the AVA Smart Bonus claiming period.
