1. What is AVA?

Introduction to AVATokens

Overview:
AVA, short for Travala.com Token, is a type of token that was launched in 2018. Initiated by Steve Hipwell, Juan Otero, Matthew Luczynski, and their team, AVA is intended for use in the Travala.com ecosystem for bookings, transactions, and rewards.

Features:

• Usage: AVA is primarily used for bookings, transactions, and rewards on the Travala.com platform, providing an alternative to traditional fiat currencies and other payment methods.
• Supported Exchanges: AVA is supported by several well-known exchanges, including Binance, KuCoin, Poloniex, and CoinEx.
• Storage: AVA can be stored in multiple secure digital wallets, such as Metamask and Trust Wallet.
• Customer Support: Users can get support through Travala.com’s official Twitter account.

Advantages:

• Wide Acceptance: AVA is widely accepted by over 2 million properties.
• Stakeholder Benefits: AVA provides various benefits to users of the Travala.com platform, such as discounts or promotions.
• Secure Storage: AVA can be stored in multiple secure digital wallets.
• Recognized Exchange Support: AVA is supported by several well-known exchanges.

Disadvantages:

• Platform Limitations: The use of AVA is primarily limited to the Travala.com platform.
• Market Volatility: AVA is affected by the volatility of the tokens market, presenting financial risks.
• Security Risks: Although AVA can be stored in secure wallets, there are still potential security risks such as hacking or data breaches.
• Regulatory Scrutiny: AVA is subject to regulatory scrutiny, presenting legal risks and uncertainties.

Conclusion:
AVA is a token specifically designed for the Travala.com ecosystem, providing a concrete, practical use case that differentiates it from many other tokens on the market.

2. Who founded AVA?

The founder of Ava Labs is Emin Gün Sirer, a Turkish-American computer scientist, software engineer, and thought leader. Sirer served as an associate professor of computer science at Cornell University for 14 years and was a co-director of the university's Tokens and Smart Futures initiative. During this time, he and his doctoral student team founded Ava Labs and incubated the Avalanche project, aimed at developing an alternative blockchain technology for the financial industry.

3. Which venture capitals invested in AVA?

According to the information provided, the following venture capital firms have invested in Ava Labs (AVA):

1. Dragonfly Capital: Dragonfly is one of the most powerful venture capital institutions in the Chinese-speaking world and has invested in various projects, including Ava Labs.
2. Polygon Capital: Polygon Capital co-invested in Ava Labs alongside Dragonfly Capital and CMS Holdings.
3. CMS Holdings: CMS Holdings also participated in the investment in Ava Labs.

This information indicates that Dragonfly Capital, Polygon Capital, and CMS Holdings have all invested in Ava Labs.

4. How does AVA work?

The operational principle of AVATokens is as follows:

1. Blockchain Technology: AVA utilizes blockchain technology to free itself from the limitations of traditional customer loyalty programs, further expanding its applicability.

2. AVA Smart Program: The AVA token serves as a gateway to the AVA Smart Program, a Web3 loyalty program designed to provide a broader range of applications through blockchain technology.

3. Transactions and Payments: AVA can be traded and paid on multiple exchanges, such as the Binance merchant platform, which supports AVA payments, offering real-time settlement and lower transaction fees.

4. Market Cap and Trading Volume: The market cap and trading volume of AVA can be viewed in real-time on platforms like CoinMarketCap, including its current price, 24-hour trading volume, and market cap metrics.

5. Application Scenarios: AVA is used as a payment method in the travel booking service Travala, allowing users to book hotels and flights using AVA and various other tokens.

In summary, AVATokens provide a new loyalty program and payment method through blockchain technology and Web3 application scenarios.