One of my long term holds is the Travala token commonly known as AVA and thought I would give a little update whilst I have been doing more research making sure it was the right investment. I think this is important reassessing what you have invested into as you don't want to be disappointed in a few years time. I am hoping AVA turns out to be one of those gems everyone else is looking for.
What is interesting to note is last year was not exactly travel friendly with so many countries in lockdowns and others having covid vaccine passports in order to fly. The travel industry has been decimated yet here we see AVA still making a 570% growth over the 4th quarter compared to the 2020 4th quarter.
This is a seriously fantastic bullish sign if I have ever seen one as one has to imagine what would the figures look like if there were no restrictions. Could we double or triple or possibly 10 x these figures as we still don't know hopefully finding out this year.
What everyone fails to realise is AVA only has 42 million maximum supply as the team is reducing the 62 million max supply with a quarterly burn. Over the coming years 20 million AVA tokens will disappear leaving only 42 million as the supply.
Staking is taking place on the travala.com site where the smart contract is in place. Not only do you earn 11% APR but the various levels of staking open up far more perks.
The airdrop is reason enough to stake besides the APR as 10 x drops of 1 million tokens basically takes staking to 20 million. This would mean that 50% of all tokens would be staked plus the tokens arriving daily will in a short period of time increase the number of tokens locked up.
There are DeFi pools now on Binance Smart Chain which are also benefitting from the airdrop as long as you are a smart member. 42 million AVA tokens is not a huge number and at some point there will be a squeeze forcing the prices upwards.
I am glad I keep going back to double check the reasons for getting involved and this is the kind of data you want to see. I cannot find any negatives as the AVA team are rolling out more partnerships constantly. I cannot wait for the bigger players in the industry to get involved and the demand is going to soar. AVA is currently at $1.51 which is low considering where the price was not that long ago. How high can it go is anyone's guess but a 100 x is very much possible.
Do your own research before investing as this is my own thoughts and not financial advice. I have a few projects I am involved with as I am only interested in use cases or service related tokens.