AVA (Travala): everything you need to know about AVA

What is AVA (Travala)?

AVA (Travala) is the native cryptocurrency of the Travala platform, a blockchain-based travel platform that allows users to book travel worldwide with cryptocurrency. The platform offers a wide range of travel options, including hotels, flights, and activities, and allows users to pay for these services with AVA.

How does AVA (Travala) work?

AVA uses blockchain technology to create a decentralized travel platform. Users can use AVA for payments on the Travala platform, and it offers benefits such as lower transaction costs and faster payments compared to traditional payment methods. The platform also offers rewards for users who stake or use AVA.

The AVA (Travala) token

AVA is an ERC-20 token and serves as the main payment method on the Travala platform. Users can use AVA for hotel bookings, flights, activities, and other travel-related services. AVA also provides users access to discounts and special offers on the platform.

The technology behind AVA (Travala).

AVA is built on the Ethereum blockchain, allowing it to leverage the benefits of Ethereum's decentralized network and smart contracts. This enables it to process secure, transparent, and efficient payments for travel. The Travala platform also utilizes the Binance Smart Chain (BSC) for faster transactions with lower costs.

The AVA (Travala) ecosystem

The AVA ecosystem includes not only the booking platform for travel but also a loyalty program and a staking system. Users can stake AVA to earn rewards, and the platform offers discounts on bookings for those who use AVA for payments. Travala has partnerships with major travel companies, such as Booking.com, and provides access to millions of accommodations worldwide.

Benefits of AVA (Travala)

• Low costs: Paying with AVA is cheaper than traditional payment methods because of lower transaction costs.
• Speed: Transactions on the Travala platform are fast thanks to blockchain technology.
• Loyalty program: Users can use AVA for extra benefits, such as discounts and exclusive offers.
• Decentralization: The platform is decentralized, allowing users to have more control over their bookings and payments.

Drawbacks of AVA (Travala)

• Limitations in acceptance: Although Travala is increasingly accepted worldwide, AVA payment options are not available everywhere in the world.
• Volatility: Just like with many cryptocurrencies, the value of AVA can fluctuate greatly, which affects the payments and value of bookings.

Who is the founder of AVA (Travala)?

The founders of Travala are Juan Otero and Michael Upton. The duo has the ambition to modernize the travel industry by integrating blockchain technology, providing Travala users worldwide with a faster, cheaper, and more transparent way of booking.