Travala was founded in 2017 and has grown from a small start-up to the world’s leading cryptocurrency-friendly travel booking service, trusted by thousands of customers worldwide as their preferred online travel agency. Travala connects travelers to one of the world’s largest selections of hotels, alternative accommodations, flights, and activities.
They have under their belt over 3,100,000 travel products available across 230 countries and territories and utilize the next-generation blockchain technology and tokenized incentives to offer travelers up to 40% cheaper pricing than mainstream travel booking platforms.
By introducing a cutting-edge user experience as well as multiple cryptocurrencies and traditional payment options, Travala ensures that travelers receive a premier booking experience, transparent pricing, and exceptionally competitive rates backed up by the Best Price Guarantee.
The Travala value proposition is aided by AVA, a utility and loyalty token issued and managed by a dedicated AVA token entity. The AVA token is issued and managed by a dedicated entity wholly separate from Travala.com and its related bodies corporate.
AVA is a multi-chain token based on the Binance Chain (BEP-2), Binance Smart Chain (BEP-20), and Ethereum blockchain (ERC-20). Founded in 2017 as a travel utility token, AVA enables travelers from around the globe to book various travel products and provides several incentives that encourage the use of the Travala platform.
Who are the founders of Travala (AVA)?
Travala is founded by a team of seasoned travel, fintech, and blockchain industry experts. They jointly have a mission to enhance the travel booking experience with blockchain technology.
Juan Otero is the Co-Founder & CEO of Travala. He has a wealth of experience in some of the largest tech companies in the world including Oracle and Booking.com. Juan is responsible for overseeing and driving all Travala.com operations, business activities, and resources and for ensuring that all corporate decisions align with the overall strategy and mission.
Steve Hipwell is the Co-Founder & COO with over 10 years of experience in the online travel space. Steve is responsible for managing Travala.com’s day-to-day business operations. As Chief of Operations, Steve manages Travala.com’s operational processes to ensure an outstanding customer experience and that the company has all the necessary operational and financial procedures in place.
Caleb Yeoh is the CBDO (Chief Business Development Officer). He is a former board member of Blockchain Australia and also champions digital currency adoption through thought leadership and speaking events. The previous companies he has worked for include Deloitte, Origin Energy, BHP Billiton, and Shell.
Caleb focuses on the development of the business through building relationships in the industry, identifying opportunities, and completing key business deals.
Kent Pham is the CTO and an executive leader for technology and operations. Kent is responsible for outlining Travala.com’s technological vision, implementing technology strategies, and ensuring that technological resources meet the company’s short and long-term needs.
What is Travala (AVA) used for?
Pay any Australian bill with AVA, including electricity bills, car registration, mobile phone bills, credit card fees, school fees, or rent.
Receiving and redeeming loyalty rewards and discounts
All travel bookings made with AVA on the Travala website will automatically receive up to a 3% discount on the total booking price, as well as up to a 2% giveback in AVA.
Travelers will get discounts based on their smart tier on travel bookings made on the Travala website. The discount will be applied directly to the listed prices at checkout. Also, users will get loyalty rewards that will be credited in AVA directly to their wallets after they have completed their stay.
The AVA token bestows voting rights based on the user’s smart tier and, thus, has a say in how funds are used in Travala’s community pool.
Get special access
The token allows users to gain access to exclusive events in the real world and metaverse.
What is the Unique Point of Travala (AVA)?
In order to build a transparent pricing, innovation, authentic truth, enhanced security, and efficient stakeholder interaction, the developers of the Travala project have aligned themselves into building a travel booking platform with the ethos of decentralized technology. Overall, this project (which is Travala) will promote accessibility to anyone, anywhere, offer censorship-resistant and peer-to-peer transactions, and build open-source technology controlled by software and governed by users.
Travala has both centralized and decentralized solutions to solve the underlying issues facing the hospitality world. These solutions it business models range from:
Travala.com’s primary business is driven by booking commissions generated from properties aggregated via strategic partnerships with world-leading travel suppliers such as Booking.com, Expedia, Agoda, Priceline, Hotelbeds, and many more. Commission fees currently average 10% of the booking value.
Direct Contracting Program
Travala.com will initiate a Direct Contracting Program (DCP) through which properties can be directly added to Travala under contractual agreements that grant Travala.com greater influence over room rates and availability, increasing Travala’s booking margins by removing fees paid to third-party travel suppliers.
In conclusion, Travala acts solely as the technology provider to facilitate bookings and bears the responsibilities of providing tools for security and data ownership, such as user reputation, trust mechanisms, and dispute mediation; governing platform incentives and rewards; and developing the community and offering developer tools to assist with new platform developments.
How many Travala (AVA) coins are in circulation?
Travala has a Circulating supply of 52,425,132 AVA and a total supply of 61,383,832 AVA.
How is the Travala Network secured?
The business model for a decentralized Travala upholds security using its Decentralised Referral System (DRS). Through this, Travala will track registrations of users who were referred by affiliates. Once a month, bookings and affiliate earnings are uploaded to the InterPlanetary File System (IPFS) to create an immutable record of who got paid, why, and when.
The IPFS is a decentralized file storage system. With IPFS, every file is referenced by its Content Identifier (“CID”), which is a unique hash of the file it represents. This means that every file in IPFS is tamper-proof, immutable, and referenced by a hash rather than a URL (as in the status quo).
The hash that represents each IPFS item can easily be stored in the memo ID field of a transaction on the blockchain. Travala.com will use this technique to associate otherwise arbitrary data on the blockchain, ensuring an attacker cannot manipulate the data.
How do I buy Travala (AVA)?
The AVA token can be used for a wide range of uses, like payment and reward.
AVA tokens can be easily purchased by following the steps below.
* Open an account with the crypto trading platform.
* Transfer the specific amount of your fiat currency to your account.
Which Cryptocurrency Wallet Supports Travala (AVA)?
The PTPWallet platform supports many cryptocurrencies simultaneously, such as Travala (AVA). Because of its vast use case, it has grown to become one of the most used platforms, as it serves as an exchange and an engine to discover other cryptocurrencies. Users can easily use PTPWallet as their AVA wallet because it offers a simple interactive interface, making it easy for people to navigate its system.