1. What is AVA?

Introduction to AVA Cryptocurrency

Overview：
AVA, fully known as Travala.com Token, is a cryptocurrency that was launched in 2018. Initiated by Steve Hipwell, Juan Otero, Matthew Luczynski, and their team, AVA is designed for bookings, transactions, and rewards within the Travala.com ecosystem.

Features：

• Usage：AVA is primarily used for bookings, transactions, and rewards on the Travala.com platform, providing an alternative to traditional fiat currency and other payment methods.
• Supported Exchanges：AVA is supported by several renowned 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 offers various perks to Travala.com platform users, such as discounts or promotional activities.
• Secure Storage：AVA can be stored in multiple secure digital wallets.
• Recognized Exchange Support：AVA has the backing of several prominent exchanges.

Disadvantages：

• Platform Limitations：The use of AVA is primarily restricted to the Travala.com platform.
• Market Volatility：AVA is subject to the volatility of the cryptocurrency market, posing financial risks.
• Security Risks：Despite being able to store AVA in secure wallets, there remain security risks such as hacking attacks or data breaches.
• Regulatory Scrutiny：AVA is under regulatory scrutiny, which presents legal risks and uncertainties.

Conclusion：
AVA is a cryptocurrency designed specifically for the Travala.com ecosystem, providing a concrete, practical use case that distinguishes it from many other cryptocurrencies in 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 co-director of the university's cryptocurrency and smart contract initiative. During this time, he and his PhD student team founded Ava Labs and incubated the Avalanche project, aiming to develop 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 the cryptocurrency Ava Labs (AVA):

1. Dragonfly Capital：Dragonfly is one of the most powerful fundraising vehicles in the Chinese-speaking world, having invested in multiple projects including Ava Labs.
2. Polygon Capital：Polygon Capital co-invested in Ava Labs along with Dragonfly Capital, CMS Holdings, and others.
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 operation of the AVA cryptocurrency is as follows:

1. Blockchain Technology：AVA utilizes blockchain technology to move away from traditional models restricting customer loyalty programs, further expanding its applicability.

2. AVA Smart Program：AVA tokens serve as the gateway to the AVA Smart Program, a Web3 loyalty initiative designed to provide a broader range of application scenarios through blockchain technology.

3. Transactions and Payments：AVA can be traded and used for payments across multiple exchanges; for instance, the Binance merchant platform supports AVA payments, offering real-time settlement and lower transaction fees.

4. Market Capitalization and Trading Volume：AVA's market capitalization and trading volume 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, where users can book hotels and flights using AVA and various other cryptocurrencies.

Overall, the AVA cryptocurrency offers a new loyalty program and payment method through blockchain technology and Web3 application scenarios.