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What Is Binance Rewards Hub and How to Use It
Binance Rewards Hub is a one-stop portal for you to participate in tasks and earn Binance voucher rewards. Each voucher offers different perks, such as free tokens, VIP-level upgrades, and interest-free loans for Margin trading.
As per the Terms of Use and in compliance with local regulations, certain Rewards Hub features may not be available in your region.
How to use the Rewards Hub?
1. Log in to your Binance account and go to [Profile] - [Rewards Hub].
2. To check the Points or vouchers earned from different campaigns or activities, visit the Rewards Hub homepage. Here, you can also view all ongoing tasks and available rewards.
How to earn rewards from the Rewards Hub via Tasks?
1. Scroll down to [Get Rewards] to check the latest tasks and rewards.
2. Each task card will show you the task’s progress, reward, and activity period. Click the [i] or the [Rules] button next to a task to view more details.
3. Click [Do Task] and follow the instructions to complete it.
If you don’t see the [Do Task] button on a task, it means that you’re not eligible to participate.
How to redeem rewards on the Rewards Hub?
1. You can view the available voucher rewards under [Enjoy Rewards]. Click [Use] or click [My Vouchers].
2. To view more rewards, click [View More].
3. You'll be redirected to the Vouchers page. Under the [Ongoing] tab, you can view the status of each voucher you own.
To use a voucher, click [Use] and follow the instructions to redeem it.
If you’re currently using the voucher, it will show as [In Use]. Click the [i] button on the voucher to view more details, including its face value, expiry date, and terms and conditions.
Please redeem your vouchers before the expiry date. If a voucher expires, it will no longer be valid and you won’t be able to extend the expiry date or exchange the voucher for any other rewards.
4. You may also redeem vouchers using voucher codes. Click [Voucher Code] and enter the code. Then, click [Claim Voucher].
Please note that each code can only be redeemed once per user.
5. To view your voucher history, go to the [Past] tab.
How to earn rewards from the Rewards Hub using Points?
1. To redeem rewards using Points, click [Rewards Shop].
2. You can view all the available rewards here. Click [Claim] to use your Points to claim your desired reward.
3. The Points will be deducted from your Points balance once you claim it. You can find all your claimed rewards on the [My Vouchers] page.
For more details, please refer to What are Binance Points and How to Claim Rewards with Points.
Note:
You may not be able to see any task or reward on the Rewards Hub. This means that you are not eligible for the task or reward. Please stay tuned for future tasks and rewards.
As per the Terms of Use and in compliance with local regulations, certain Rewards Hub features may not be available in your region.
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Key Takeaways
The AVA token powers the AVA Smart Program, a Web3 travel loyalty program available on Travala.com.The AVA Smart Program offers up to 13% savings with crypto rewards, discounts, bonuses, and more.AVA is used to upgrade Smart memberships, receive payment discounts, and distribute rewards.
Introduction
Traditional travel loyalty programs can be restrictive, offering points that can only be used on one platform. The value of these points is devalued over time due to inflation, and points often expire if unused. AVA changes this, functioning as a travel loyalty ecosystem for Web3 travelers.
What Is AVA?
The AVA token powers the AVA Smart Program, a Web3 travel loyalty program that offers crypto rewards. Designed by the AVA Foundation, the program is available on Travala.com—the world’s leading Web3 travel platform with over 3,000,000 flights, hotels, and activities—and offers savings of up to 13% on every travel booking.
The overarching mission of the AVA Foundation is to create a decentralized, self-sufficient, and interconnected blockchain-based loyalty ecosystem with AVA at its core. The AVA Foundation aims to realize this mission by introducing the AVA Smart Program to partner projects in a cost-effective manner via a plug-and-play approach that provides participants with significantly greater utility, transparency, and autonomy over their rewards.
How Does AVA Work?
AVA is an ERC-20 token with bridge options available to BNB Chain and Solana. Users can activate their travel loyalty membership—the “Smart membership”—within the AVA Smart Program by locking the required amount of AVA tokens through the program.
Once activated, members receive various perks that increase with each membership tier. These perks include:
Up to 10% of every trip on Travala.com back in “giveback” rewards in AVA, Bitcoin, and more.Discounts of up to 5% on Travala.com.An extra up to 3% discount on Travala.com if booking in full with AVA.Up to 20% bonus AVA tokens per year on locked AVA by meeting quarterly requirements.Airdrop allocations for early-stage token partner projects.
The highest membership tier of the program, Smart Diamond, is activated with a Travel Tiger NFT and 2,500 AVA. It offers several premium perks, including additional quarterly Travel Credit rewards, airport lounge access, entry into travel giveaways, and more.
What Makes AVA Unique?
AVA’s real-world utility within one of the largest industries in the world sets it apart from other Web3 projects. Embodying the concept of customer loyalty programs using blockchain technology extends the applications of loyalty programs beyond that which can be achieved with traditional models.
By offering a suite of Web3 loyalty functions that can be greatly customized and refined, AVA aims to extend the value proposition of partner projects, increase customer retention and loyalty, and create an interconnected rewards ecosystem between all partner platforms.
What is the AVA Token?
The AVA utility token is specifically designed to: (1) power the AVA Smart Program, (2) offer payment alternatives on partner platforms, (3) generate token demand via the AVA Buyback Program, and (4) provide governance options for the community.
1. AVA Smart Program
AVA powers the AVA Smart Program via a combination of use cases, including using AVA to receive perks—such as discounts, memberships, exclusive benefits, and early access—and as a rewards token to offer AVA through givebacks, bonuses, and more.
2. Payments
In addition to the token’s loyalty reward capabilities, AVA is available as a payment option on various platforms. This enables loyalty program participants to seamlessly utilize AVA for partner goods and services, whether earned as rewards via the AVA Smart Program or acquired independently, creating an open loyalty economy rather than a closed one.
3. AVA Buyback Program
When giveback rewards are distributed within the AVA Smart Program, the AVA Foundation purchases AVA tokens on the open market equivalent to the USD value of all the AVA giveback rewards distributed to Smart members for travel bookings completed in the previous month. This generates sustained demand and growth for the AVA token, strengthening its utility, increasing its role within the ecosystem, and providing long-term benefits to the community resulting from ongoing demand.
4. Governance
Finally, AVA tokens are also used as a governance tool for the AVA community, with the number of AVA held by a community member representing their voting weight. By enabling loyalty program participants to vote on (and eventually submit) proposals relating to the AVA ecosystem, this function can help determine community sentiment about various topics.
The AVA Ecosystem
There are five primary functions within the AVA ecosystem that enable the ecosystem to sustain itself, adapt and grow. The AVA supply follows a token release schedule that introduces new tokens to the ecosystem every 3 months, up to a maximum of 100,000,000 AVA, which is expected to be reached in 2033. AVA that is contributed for each of these functions every 3 months but not spent accrues for future use.
Community Pool: The Community Pool funds proposals voted on and successfully passed by the community. Community Pool funds will be used only if proposals are passed.Ecosystem Incentives: The AVA in the Ecosystem Incentives wallet is used to support partners that adopt the AVA token. For example, loyalty benefits offered as part of the AVA Smart Program include AVA givebacks and AVA Smart Bonuses that are distributed from the Ecosystem Incentives wallet.Ecosystem Growth: Ecosystem Growth funds are used to undertake initiatives that provide growth opportunities for the AVA ecosystem, such as engaging in partnerships or expanding reach through paid marketing activities.Foundation Reserve: The Foundation Reserve contains AVA that is available for the AVA Foundation to use for the betterment of the AVA ecosystem with a long-term vision of progressive decentralization.AVA Smart Program Lockup: This function refers to the AVA locked in the AVA Smart Program by Smart members.
How to Buy AVA on Binance
AVA is available for purchase on Binance in one of two ways: via credit/debit card, or by trading against other cryptocurrencies. To purchase AVA with a credit or debit card, log in to Binance, then click ‘Buy Crypto’ on the top left-hand side of the Binance website. Select your currency, choose AVA, select from the payment options, and follow the prompts to complete your transaction.
Alternatively, you can trade AVA on Binance by navigating to Trade > Spot in the top left-hand side of the Binance website. Then, search for AVA in the search bar on the right-hand side of the trading chart and select either the AVA/USDT or AVA/BTC trading pair.
What’s Next for AVA
Beyond the ongoing function of developing further loyalty benefits for Smart members, one of the most game-changing initiatives in the loyalty program space will be the creation of the AVA Open Loyalty Protocol. The protocol will bring together the various loyalty features of the AVA Smart Program to create an interconnected loyalty ecosystem—the core objective of the AVA Foundation.
This model will enable a smart contract-based AVA Smart Program to function as the bridge between communities by seamlessly connecting partner projects with AVA Smart Program members using Web3 wallets.
Members will be able to access the smart contract-based AVA Smart Program on participating platforms via their self-custody wallets, such as MetaMask or WalletConnect, and their membership will be tied to their wallets (as opposed to an email-based membership account on Web2 platforms).
Closing Thoughts
As the blockchain and Web3 landscape continues to mature, the AVA ecosystem endeavors to become a leading provider of Web3 membership value. By expanding the benefits offered by the AVA Smart Program, fostering a network of projects utilizing the AVA token, and innovating in the loyalty space using cutting-edge technology, the AVA Foundation seeks to achieve the creation of a vast, interoperable, and rewarding ecosystem.
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As prices backtrack, Solana's big advance may drop around $209.9 support. After positive advances, market dynamics and profit-taking affect its rise. This retreat pauses the positive trend, with traders and investors looking for recovery or further loss.
Solana's ability to maintain the $209.9 support zone will likely dictate its next price move. A defense might revive purchasing activity and lead to a rise, while a violation of this support could cause further declines and affect market mood.
Solana Could Fall To $209.9
After the $223 fall, bears overcame bulls and drove the stock near $209.9 support. The market is selling more as bears try to decrease the price. Bulls' inability to keep prices above $223 casts doubt on their upswing.
Markets are at a key point with $209.9 support in focus. If the price breaks this level, a long correction may follow. However, if the bulls maintain support and recover control, the market may consolidate and surge again.
The bulls and bears are presently fighting over this support zone, and the next price action will likely indicate the asset's direction. Traders should be alert as this test might affect short-term price movement.
The surge may be losing speed, as the RSI shows a minor bearish divergence and buying pressure slows. Bulls may consolidate and ready for a recovery if the market retraces below $209.9.
Assessing Key Price Support and Resistance Zones
Predicting price movement requires assessing important support and resistance zones. Here, $209.9, $194, and $164 support levels are crucial.
If prices plummet, these levels may cushion further dips. If $209.9 fails, $194 and $164 may indicate a deeper downturn.
Once bulls recover control at $209.9, $240 and $260 are important resistance zones. Breaking $240 barrier would likely cause a price spike toward $260. Breaking these hurdles might imply a longer rise and ongoing strength.
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Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.
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