We are thrilled to announce that we have transferred 685,815 AVA rewards from the progressive rewards system to 30-day and 90-day AVA holders in the W12. This marks a major milestone in our efforts to create a vibrant and engaged community of token holders who are invested in the success of the Avatly project.
For those who may be unfamiliar with the progressive rewards system, it is a unique feature of the Avatly project that allows users to be rewarded with AVA tokens simply by holding them in their wallets. The longer a user holds their AVA tokens, the more rewards they are eligible to receive.
With this latest transfer of rewards, we have now transferred and burned a total of 9,962,126 AVA tokens, which represent a value of approximately $18,000 USD. This is a significant achievement that demonstrates the growing popularity of the Avatly project and the value that users place on the AVA token.
We believe that this token rewards program is a powerful incentive for users to become long-term holders of AVA tokens, as it rewards them for their commitment to the platform and encourages them to remain invested in its success over the long term. This, in turn, helps to create a more stable and sustainable ecosystem that benefits everyone involved.
Looking ahead, we are excited to continue to develop Avatly and to reward our users for their ongoing support and commitment. We believe that the AVA token rewards program is just one of many innovative features that make Avatly a unique and compelling platform.
In conclusion, we are thrilled to have transferred 685,815 AVA rewards to our loyal token holders, and to have burned a total of 9,962,126 AVA tokens to date. We remain committed to creating a dynamic and sustainable ecosystem that rewards users for their participation and investment, and we look forward to sharing more updates and achievements in the weeks and months to come.