Travala (AVA)
| Type | BEP2 asset on the Binance Chain |
|---|---|
| Total supply | 61,242,960 |
Basics
- From their whitepaper (5-2020):
"Travala.com has grown from a small start-up to the world’s leading cryptocurrency-friendly hotel and accommodation booking service trusted by thousands of customers worldwide as their preferred online travel agency.
At Travala.com, we connect travellers with one of the world’s largest selection of incredible places to stay, including everything from hotels, apartments, villas and hostels to 5-star luxury resorts. The Travala.com platform currently offers 2,000,000+ properties covering 90,124 destinations in 230 countries and territories, and with prices up to 40% cheaper than mainstream travel booking platforms."
History
Token
Launch
- They had a pre-sale (13-2-2018) and a NEO ICO (31-3-2018).
Token allocation
- From Coincodex (9-6-2020):
"PUBLIC TOKEN DISTRIBUTION 35%
INVESTORS 35%
PLATFORM DEVELOPMENT 20%
TEAM 15%"
Utility
- From their whitepaper (5-2020):
"The interplay of AVA use cases is designed to encourage loyalty to the Travala.com platform while increasing distribution and liquidity of the token. Key benefits of paying with AVA are that users get special discounts, and it reduces transaction costs and settlement times. Additionally, as part of the SMART Program, users can access enhanced tiered rewards on their payments. Travala.com’s AVA Repurchasing Plan will take place every quarter until 21,571,086 AVA are permanently destroyed. This represents 35% of the total supply (the starting supply is 61,571,086 AVA), reducing the overall total supply to 40,000,000 AVA. The amount of AVA to be repurchased each quarter is determined by Travala.com’s booking activity."
Token Details
Stablecoin
Tech
- Whitepaper can be found here (5-2020).
- Code can be viewed here (9-6-2020).
- Built on: It migrated from the NEO NEP5 standard to the BEP2 Binance Chain standard.
- Programming language used:
Transaction Details
How it works
Staking
Other Details
"Binance Chain is an innovative blockchain that already provides many of the features necessary for Travala.com’s decentralised future. However, as we progress our decentralised initiatives, we will evaluate whether Binance Chain is able to fulfill all of our technical requirements.
If not, Travala.com will build its own blockchain on the Cosmos network to fully implement its decentralised vision. This will integrate seamlessly with Binance Chain to extend and enhance the utility of our native token AVA through easy transfers between Binance Chain and the Travala.com Blockchain."
- Update: is moving forward with Binance Chain (20-8-2020).
- Uses IPFS. From their whitepaper (5-2020):
"The hash that represents each IPFS item can easily be stored in the memo ID field of a transaction on the Binance Chain. Travala.com will use this technique to associate otherwise arbitrary data on the blockchain, thereby ensuring the data cannot be manipulated by an attacker. IPFS plays a key role in our leading edge decentralised booking and review platforms, which we cover in more detail below."
Privacy Method
Oracle Method
Their Other Projects
Dtravel
- From Crypto Briefing (17-6-2021):
"Dtravel is a blockchain-based Airbnb competitor. The site will accept Bitcoin and cryptocurrency payments, and it will be governed by a community-operated DAO. The first 100,000 users to join the platform will collectively receive more than $35 million worth of the TRVL token as an incentive."
Governance
DAO
Upgrades
Roadmap
- Can be found here (5-2020). It mentions the following for Q4 2020:
- "R&D decentralised homestay booking
- R&D decentralised reviews
- R&D decentralised referral system
- Norway v1.0 (the first iteration of the reviews dApp)
- R&D decentralised governance
- R&D the ‘Billion Dollar API’"
Audits
- Bug bounty program can be found [insert here].
Bugs
Usage
Projects that use or built on it
Pros and Cons
Pros
Cons
Competition
- They explain their view on their competition in their whitepaper here (5-2020).
Coin Distribution
Team, Funding, Partnerships, etc.
Team
- Full team can be found here (5-2020).
- Juan Otero; Co-Founder & CEO, "With 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."
Funding
- They explain their business model here (5-2020).
- From Crypto Briefing (17-6-2021):
"Travala is backed by Binance thanks to a 2020 merger with Binance’s similar TravelByBit bookings platform."
Partners
- From Cointelegraph (21-5-2020):
"In November 2019, Travala.com also partnered with Booking.com to allow its users to book any stay on the mainstream booking service. January reports revealed that the platform has seen a 33% boost in usage after the partnership."
"They are now the Official travel accommodation provider for BCH, Litecoin foundation and Dash core!
- https://news.bitcoin.com/pr-bitcoin-com-partners-with-travala-com-to-boost-bitcoin-cash-adoption/
- https://www.ccn.com/litecoin-mainstrea-adoption-travala/
- https://dashnews.org/travala-now-official-travel-partner-of-dash-core-group-offer-5-dash-back/
Along with this they are constantly securing and pushing for Conference partnerships, For example they are now the offical hotel partner for Coindesk consensus Asia.
- https://www.coindesk.com/events/asia-2019/travel
- https://blog.travala.com/travala-com-partners-with-coindesk/
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