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Travala's rewards dropped to 12% APY - Just pulled MY BEP pool (temporarily) by revise.leo

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· @revise.leo ·
$7.32
Travala's rewards dropped to 12% APY - Just pulled MY BEP pool (temporarily)
Travala are trying to put a positive spin on it, but [cutting rewards from 24% APY to 12% APY](https://blog.travala.com/earn-12-apy-with-travala-coms-smart-program/) is a bit of a shaft for early adopters who bought a lot of tokens on the basis of the former perpetual rewards. 

![Screenshot 20210228 at 22.39.27.png](https://images.hive.blog/DQmYEc2v9WpBMK2ioLouuqfXf461tXb1S2pLcEZyDVkM3VN/Screenshot%202021-02-28%20at%2022.39.27.png)

They're also lowering the thresholds for each SMART level - so Level 1 is now 250 AVA, level 2 is 500 and so I guess level 3 1250? and so on.....

And they're refunding everyone the difference. 

I figure this is going to mean a short term sell-off, especially from those who bought-in when AVA was selling at well below $1. 

So I just pulled my BEPSWAP pool with RUNE - you might want to do the same if you've got one going - if you want more AVA you may as well wait until it bottoms rather than getting your RUNE sucked out of your account as people swap AVA for it! 


I still think the future is positive for AVA, as they are doing partly because of the SUCCESS of the membership programme, but in the short term I can only see the price going down?!?



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@hivebuzz ·
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@jmsansan.leo ·
Yup, I expect the price to go down in, a bearish market won’t help but I still trust AVA in the long term. Also, having the tokens locked for 30 days is kinda lame in this case.

With this change I got my level 5 already, so, for my is a big don’t buy and go for RUNE or more HIVE/LEO because I don’t have any incentive to buy more AVA.

I hope in the future the token price goes up to compensate. But I don’t know, imagine being a member of Travala team and you know this will happen, what would you do? Buy more AVA? Nope, you sell all your tokens before the announcement.

It’s a bittersweet feeling.

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vote details (4)
@revise.leo ·
I think I go up to L4 which is something I hadn't expected. Is the lockup 30 days? I thought it was shorter than that? 

But yes I'm glad I pulled my pool for now although the AVA price has still gone up overnight. 

I'm annoyed, that was a nice little earner that pool! 

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@jmsansan.leo ·
I'm not sure if it is 30 days to deactivate or 30 days to change the level.

> 4.9 By participating in the Smart Program, you agree to a minimum of 30 days before you can deactivate. Once deactivated, you will have to wait a further 30 days before you can reactivate the Smart Program for your Account. The AVA Tokens used for the activation of the Smart Program cannot be withdrawn or used for payment and will be locked in your Wallet for the duration of the Smart Program being active. If you choose to deactivate the Smart Program for your Account, the AVA Tokens will be returned to the available balance in your Wallet.

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@rmsadkri ·
My timing to get into the program was also bittersweet. I waited all these months and when I made the decision they changed their structure. It's not a big pot. Hope the price will appreciate in the long term :)

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@jmsansan.leo ·
I know it's a disappointment, also it was for me. I'm gonna leave it at 2500 AVA and level 5 and focus on HIVE and LEO.

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@revise.leo ·
Well at least your Smart level had increased?!

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@loic.dion ·
So if there's a massive selloff and my RUNE gets sucked out, doesn't that mean that my AVA bag gets heavier? Wouldn't that be a good thing for someone who's trying to accumulate? 

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@revise.leo ·
Not as good as just buying the whole lot when it's $2.00! 

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@loic.dion ·
![image.png](https://i.imgur.com/J1Upzll.png)
I was hoping I was gonna get the same APY as my BZNT pool πŸ˜…

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@resiliencia.leo ·
I am a happy SMART 5 member and I will continue to support them!
This is already a hidden GEM!

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@revise.leo ·
I intend to be an S5 soon - I am expecting a bit of a sell of in the medium term though. 

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