Currently the way that Travala burns tokens is very simple. Once every quarter, 20% of net revenue is used to purchase AVA and burn it.
This has occured 6 times since Travala has been in operation, most recently burning 12,588 AVA in a single quarter for a value of $81,306.80.
The burn occured on April 14th at a value of roughly $6.11 USD
Since then the price has receeded due to market volatility in BTC and other cryptos.
While it is nice to see large number of AVA burned and large amount of USD spent on a quarterly burn, it seems Travala has burned a large sum of AVA at the local top of AVA.
I propose that AVA shift its burn structure to address this. Currently a giveback occurs after a Travala user checks out of their hotel. I propose that Travala also creates a system that would use 20% of their net revenue from individual bookings to burn AVA 3–7 days after a customer checks out. Travala would then track the burns individually as a KPI, but also in their weekly/monthly/quarterly/annual reports.
In the above example, if every burn was a green line, we’d have an average burn price possibly around $3.90. If this was the case, we would have burned 20,847 AVA instead of 12,588. This is an estimate and for explanation purposes only.
All the best,
A Travala/AVA Investor
