Another way of putting AVA scarcity in perspective is the maximum amount available of Smart5 memberships.
61M AVA / Divided by 5K = 12.200 Smart 5
If we count the future supply of 40M, the number will be 8.000 (40M/5K)
Think about that number for a second.
Only 12K~ spots for 'cheaper travelling'.
There's already 10,85M AVA already locked (~23,3% of the CURRENT circulating supply or 2100 spots of that 'virtual' 8000 already locked ). Only today 50K AVA got locked into smart.
check this website for more cool details:
https://travala-dashboard.com/
What happens when more and more people keep taking out of circulation all those AVA's? How much up the token must go in order to 'free' some of those spots?
At 10$/AVA (or ~500M mcap), Smart 5 is paying you 1000$ worth of AVA + Travel credits for your personal pleasure (assuming that they're not lowering the rewards, which eventually they'll be forced).
Add on top of all of this the burns, the constant pressure in the market... and of course the mad holders like me who are used to hold AVA's worth of several Smart5 memberships.
In reality, 2000-4000 are the maximum spots for Smart5...
Have a great weekend.
RE: AVA - A better investment than Hive so far!