As indicated during the introduction of the 1,000 Founders Edition Travel Tiger NFTs in February 2022, the Travel Tiger NFT collection will be expanded to extend the reach of the ambassador community and grow the AVA Smart Program.
Summary
- Exclusive 1,000 additional Travel Tiger NFTs will be offered to Diamond and Platinum members in June 2024 by the AVA Foundation.
- Diamond members will be able to mint a guaranteed 1:1 additional NFTs based on their connected NFTs & locked AVA.
- Platinum members will be able to mint one NFT on a first-come, first-served basis if they meet the eligibility criteria.
- The Ambassador Bonus will be increased by 50% for all Diamond members.
- Additional perks will be added for all Diamond members in the future.
- Additional exclusive perks for Founders Edition holders will also be added, such as exclusive bonus travel drops and merch packs.
- Minting will be available exclusively with AVA via the in-platform wallet on Travala.com.
- 20% of the proceeds will be allocated to the AVA Community Pool and 80% to the AVA Foundation Reserve.
- The NFT offerings aim to expand the Smart membership base and provide additional AVA payments utility to prime the AVA ecosystem for growth.
A joint initiative is being launched in partnership with Travala.com to conduct two NFT offerings in June 2024, enabling new and existing Diamond and Platinum members to collectively mint up to 1,000 Travel Tiger NFTs at exclusive discounted member prices by meeting eligibility criteria on Travala.com.
The Ambassador Bonus percentage for all Diamond members will be increased by 50% from Q2 2024. Additional exclusive perks for Founders Edition holders will also be added.
NFT Offering Mechanics
This limited NFT release will be launched as part of the same Travel Tiger Club collection alongside the original Founders Edition pieces, conferring the same benefits as Founders Edition pieces. These Travel Tiger NFTs will not include the “Founders Edition” rarity trait, and will therefore not be entitled to the new and exclusive Founders Edition perks that will be introduced, such as exclusive bonus travel drops and merch packs.
The first NFT offering will be available to Diamond members only, with the second offering available to Platinum members only. Minting during both offerings will be available exclusively with AVA tokens via the in-platform wallet, extending AVA’s utility as a preferred payment option within the ecosystem.
In line with our tokenomics, which sets out that “web3 products will be purchasable in AVA with contributions to the Foundation Reserve”, the AVA Foundation will allocate 20% of all AVA proceeds from both NFT offerings to the AVA Community Pool; the remaining 80% of AVA proceeds will be allocated to the AVA Foundation Reserve to continue the growth of the AVA ecosystem, including continuing to expand the AVA Smart Program via the introduction of additional perks for Diamond members and additional exclusive perks for Founders Edition holders.
50% of the royalties from the secondary trading of Travel Tiger NFTs on OpenSea and other NFT marketplaces will continue to be allocated to the AVA Community Pool, as with the Founders Edition Travel Tiger NFTs.
If any Travel Tiger NFTs remain following the two NFT offerings for Diamond and Platinum members, the remaining NFTs will be made available exclusively to Travala members who meet the eligibility criteria. In this scenario, these NFTs will be available on an ongoing basis and will be priced at a premium to the other two NFT offerings for Diamond and Platinum members. More details will be communicated if this scenario eventuates.
NFT Offering 1: Diamond Members
Snapshot date: Tuesday 4 June 2024 7:00AM UTC
NFT minting period: Thursday 6 June 2024 at 7:00AM UTC – Monday 10 June 2024 at 7:00AM UTC
Price per NFT: US$4,200
Max NFTs mintable per member: 1:1 based on connected NFTs & locked AVA
Obtainability: Guaranteed
Payment options: AVA only via account wallet on Travala.com
NFT minting: Within 24 hours of payment
Eligibility Criteria
The number of NFTs a Diamond member will be able to mint during the first NFT offering depends on how many NFTs are connected to their Travala.com account and how much extra AVA they have locked at the snapshot date:
- If you have one NFT and an active Diamond membership, you’ll be eligible to mint one NFT.
- If you have more than one NFT and an active Diamond membership, you can mint more NFTs up to the maximum number of your connected NFTs by locking an extra 2,500 AVA per NFT (which also boosts your AVA Smart Bonus). See the example below.
Example: a Diamond member who has 3 Travel Tiger NFTs in a wallet connected to their Travala.com account and:
- the default 2,500 AVA locked for the Diamond membership; AND
- an extra 2,500 AVA locked per additional NFT (i.e. 5,000 AVA for the 2 additional NFTs in this example)
will have a total of 7,500 AVA locked and be eligible to mint up to 3 new NFTs.
Learn more about locking extra AVA
How to Participate
A snapshot will be taken on 4 June 2024 at 7:00AM UTC that will determine the maximum number of NFTs a Diamond member is eligible to mint based on the NFTs connected to their Travala.com account and the amount of extra AVA they have locked.
The minting period will then run from 6 June 2024 at 7:00AM UTC – 10 June 2024 at 7:00AM UTC.
If you have multiple Travel Tiger NFTs but haven’t locked extra AVA yet, there’s still plenty of time before the snapshot on 4 June 2024!
NFT Offering 2: Platinum Members
Whitelist period: Tuesday 11 June 2024 at 7:00AM UTC – Tuesday 18 June 2024 at 7:00AM UTC
NFT minting period: Friday 21 June 2024 at 7:00AM UTC – Friday 28 June 2024 at 7:00AM UTC
Price per NFT: US$4,900
Max NFTs mintable per member: 1 NFT (if eligibility criteria is met)
Obtainability: First-come, first-served basis
Payment options: AVA only via account wallet on Travala.com
NFT minting: Within 24 hours of payment
Eligibility Criteria
You’ll be eligible to mint one NFT when you meet all of the following criteria:
- have an active Smart Platinum membership
- spent a minimum of US$400 on bookings*, Travel Credit purchases or Gift Card purchases on Travala.com
*Any uncompleted bookings at the end of the whitelist period must be non-refundable in order to count towards the eligibility criteria.
All bookings—including flights, hotels and activities—made on the Travala.com website (desktop or mobile), app or any official third-party MiniApp count towards the criteria.
You may meet the eligibility criteria until the final day of the whitelist period on 18 June 2024. You may therefore complete purchases on the Travala.com platform and upgrade your Smart membership to Platinum until this date.
Disclaimer: the NFT offering for Platinum members will be offered on a first-come, first-served basis. Whitelisting does not guarantee your ability to mint a Travel Tiger NFT.
How to Participate
Whitelist registration will be open from Tuesday 11 June 2024 at 7:00AM UTC – Tuesday 18 June 2024 at 7:00AM UTC. During this period, you’ll be able to whitelist your ERC20 wallet address in the AVA Smart Program section of your Travala.com account if you meet the eligibility criteria above.
You’ll then have the opportunity to mint one Travel Tiger NFT exclusively with AVA tokens via the in-platform wallet from Friday 21 June 2024 at 7:00AM UTC – Friday 28 June 2024 at 7:00AM UTC.
Scaling the Smart Diamond Membership
The Travel Tigers launched as a small, exclusive NFT collection with only 1,000 items. Through the introduction of further NFTs and a 50% increase in the Ambassador Bonus, this approach allows the Smart Diamond membership to scale as the AVA and Travala.com ecosystems scale, particularly during this period of substantial growth.
The expansion will enable existing members to continue receiving top travel utility benefits while encouraging new members to join the flagship membership by being loyal members and participating in the overall growth of both the Travala.com ecosystem (by completing travel bookings) and AVA ecosystem (by interacting with AVA, the AVA Smart Program, and the Travel Tiger NFTs).
Further utility and greater value will continue to be incorporated into the Smart Diamond membership as the program grows, with more additions and continued improvements that enhance your travel experience.
Key dates for each of the NFT offerings will be communicated via email to Smart members and on Twitter, Telegram, and Discord. To learn more about Travel Tiger NFTs, see the NFT FAQs. To learn more about the upcoming NFT offerings, see the FAQs below.
Terms and conditions apply to the NFT offering.
FAQs
Is this a new collection of Travel Tigers?
No, the new NFTs will be launched as part of the same Travel Tiger Club collection alongside the original Founders Edition pieces. These Travel Tiger NFTs do not include the “Founders Edition” trait, meaning they do not receive the exclusive Founders Edition perks that will be introduced, such as exclusive bonus travel drops for Founders Edition holders and merch packs. Holders of these new Travel Tiger NFTs will otherwise receive exactly the same perks as Founders Edition holders.
How will this affect AVA?
More NFTs sold equals more Diamond members, which means more AVA locked. With the additional AVA lock feature for increasing the AVA Smart Bonus now available for Diamond members who hold multiple NFTs, this also translates to more AVA locked. NFTs only being mintable with AVA in both offerings provides further utility for AVA.
In addition to the AVA lock-up requirements, the AVA Foundation will allocate 20% of all AVA proceeds from both NFT offerings to the AVA Community Pool. The remaining 80% of AVA will be allocated to the AVA Foundation Treasury to continue the growth of the AVA ecosystem, as well as to continue expanding the AVA Smart Program, including the introduction of additional perks for Diamond members.
How will the Ambassador Bonus be affected?
The Ambassador Bonus percentage for all Diamond members will be increased by 50% from Q2 2024. This means that Diamond members who claim the Ambassador Bonus in July 2024 will receive the Ambassador Bonus at the updated rate.
Who can qualify to mint?
All Diamond members qualify. Platinum members who meet the following eligibility criteria will also qualify:
- have an active Smart Platinum membership
- spent a minimum of US$400 on bookings*, Travel Credit purchases or Gift Card purchases on Travala.com
*Any uncompleted bookings at the end of the whitelist period must be non-refundable in order to count towards the eligibility criteria.
How much will a Travel Tiger cost?
Diamond members will be able to mint at US$4,200 per NFT.
Platinum members will be able to mint at US$4,900 per NFT.
What payment methods can I use to mint a Travel Tiger?
Only AVA via the in-platform wallet can be used to mint during the Diamond and Platinum NFT offerings.
How does the snapshot for Diamond members work?
On the snapshot date of Tuesday 4 June 2024 7:00AM UTC, Diamond members will be allocated the maximum number of NFTs they’ll be able to mint. This maximum number is based on the number of NFTs in the wallet connected to each member’s Travala.com account and the amount of extra AVA they have locked at the time of the snapshot.
Example: a Diamond member who has 3 Travel Tiger NFTs in a wallet connected to their Travala.com account and:
- the default 2,500 AVA locked for the Diamond membership; AND
- an extra 2,500 AVA locked per additional NFT (i.e. 5,000 AVA for the 2 additional NFTs in this example)
will have a total of 7,500 AVA locked and be eligible to mint up to 3 new NFTs.
When do I have to meet the eligibility criteria to mint an NFT in Offering 2?
Members can qualify until the time the whitelist closes on Tuesday 18 June at 7:00AM UTC. Users can make bookings, buy Travel Credits and Gift Cards, and upgrade to a Platinum membership (if they aren’t Platinum members already) up until this time. Members will be able to whitelist their ERC20 wallet address once the eligibility criteria is met (provided it is met before the whitelist closes).
What purchases count towards the US$400 eligibility criteria?
All bookings—including flights, hotels and activities—made on the Travala.com website (desktop or mobile), app or any official third-party MiniApp count towards the criteria for minting a Travel Tiger NFT for Platinum members. All Travel Credit purchases and Gift Card purchases also count, regardless of whether they have been redeemed.
What’s the difference in the obtainability between the two offerings?
Offering 1 for Diamond members is a guaranteed offering, meaning all existing Diamond members will be guaranteed to mint up to the maximum number of NFTs they’re eligible for, based on the number of connected NFTs and locked AVA in their account at the snapshot date.
Offering 2 for Platinum members is offered on a first-come, first-served basis. Members who meet the eligibility criteria and whitelist their ERC20 wallet address will be able to mint one NFT each until 1,000 NFTs in total have been minted across both offerings. If the NFTs are all minted, members who whitelisted and did not yet mint will no longer be able to mint.
What happens if the 1,000 NFTs aren’t all sold during the two offerings?
If any Travel Tiger NFTs remain following the two NFT offerings for Diamond and Platinum members, the remaining NFTs will be made available exclusively to Smart members who meet the eligibility criteria. In this scenario, these NFTs will be available on an ongoing basis and will be priced at a premium to the other two NFT offerings for Diamond and Platinum members. More details will be communicated if this scenario eventuates.
Where can I check my progress to see if I meet the eligibility criteria?
Users will be able to track their progress via pop-up screens that will be implemented in all user accounts soon.
In the meantime, users can always check the various sections of their Travala.com account:
- My Bookings: https://www.travala.com/my-bookings
- Travel Credits & Gift Cards (Summary tab): https://www.travala.com/my-travel-credits
