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Contract Swap and Rebranding Plan
A governance vote on the AVA 2.0 Proposal has passed, with the majority of the community signalling a new era for the AVA ecosystem. As part of this new era, a technical upgrade will be implemented by the AVA Foundation to swap all existing versions of the AVA token to a new AVA token on the Ethereum (ERC-20) protocol.
The AVA ecosystem has grown exponentially over the past few years. The AVA Foundation’s partnership with Travala.com has been a key driver of this growth, with Travala.com becoming firmly established as the leading web3 travel company and a main use case of the AVA token.
As the issuer of the AVA token, the AVA Foundation’s overarching mission is to create a decentralised, self-sufficient, and blockchain-based loyalty ecosystem with AVA at its core. By modernising the traditional loyalty points model and multiplying the utility of these ‘points’ within an expansive ecosystem via tokenisation, the AVA token can power a comprehensive web3 loyalty ecosystem to provide far-reaching utility.
To achieve this sustainably over the long term and at scale commensurate with the growth of the ecosystem, the AVA Foundation will expand the AVA token supply from the current 61 million to 100 million over 10 years, which will be included in the new AVA ERC-20 smart contract.
This article serves to detail the mechanics of the swap, the actions required by token holders, and both the legacy and new AVA contract addresses.
The swap date will be provided in the next announcement, along with more details on the platforms supporting the swap.
Note: for the purpose of differentiating the AVA token before and after the upgrade, the pre-upgrade AVA token will be referred to as "AVA 1.0" and the post-upgrade AVA token as "AVA 2.0" in this article. However, the token name and ticker will remain "AVA" following the token swap.
Before the Swap
Currently, the AVA 1.0 token exists as a multichain token on the BEP-2, BEP-20 and ERC-20 protocols.
After the Swap
Following the token swap, all legacy versions of the AVA 1.0 token will need to be swapped to the new AVA token on the Ethereum (ERC-20) protocol.
The new AVA 2.0 token will be issued on a 1:1 basis for existing AVA 1.0 holders. The token name will be updated from "Travala.com" to "AVA". The ticker name will not change.
Legacy & New AVA Contract Addresses
AVA 1.0 tokens on any of the three legacy contract addresses on the BEP-2, BEP-20 and ERC-20 protocols will need to be swapped to the new AVA 2.0 ERC-20 version of the token.
This section details the legacy contract addresses and the new contract address that will take effect once the swap takes place:
Legacy Contract Addresses
Legacy BEP-2 AVA 1.0: AVA-645
Legacy ERC-20 AVA 1.0 Contract Address:
0x442b153f6f61c0c99a33aa4170dcb31e1abda1d0
Legacy BEP-20 AVA 1.0 Contract Address:
0x13616f44ba82d63c8c0dc3ff843d36a8ec1c05a9
New Contract Address
New ERC-20 AVA 2.0 Contract Address:
0xa6C0c097741D55ECd9a3A7DeF3A8253fD022ceB9
