Review on Travala.com by Azad Aliyev

In this article, me, Azad Aliyev, will talk you about what is Travala (AVA)? I will try to provide detailed information about AVA Coin by answering the question.

What is Travala (AVA)?

As the native cryptocurrency of the Travala.com platform, AVA (BEP-2 token standard) is at the center of all current and future use cases Travala.com follows. The incentive to use Travala.com with AVA is getting stronger as it provides additional benefits and enhanced user engagement.

As the Travala.com consumer base continues to grow, using AVA is an integral part of your experience on the platform. With its use encouraged by valuable rewards, the demand for AVA can be expected to increase in line with the adoption of the platform which has led to the establishment of a healthy internal token economy that all stakeholders can benefit from.

What is AVA Coin?

Travala is an online platform for hotel and flight reservations, where users can pay using both crypto and traditional payment methods.

Users can lock Travala token (AVA) to qualify for booking discounts. They can also earn rewards by locking their AVA tokens on the Travala platform.

Higher tier discounts are offered to users who lock more AVA tokens. Travala has a quarterly AVA repurchase plan of which 20% of its total net booking commissions will be used to repurchase and burn AVA on the open market. This repurchase plan will continue until the total AVA supply reaches 40,000,000 AVAs.

How Does Travala Crypto Work?

The AVA token runs on Binance blockchain in BEP-2 format and Binance Smart Chain in BEP-20 format. Developers use a portion of tokens equal to 20% of profits every quarter - a scheme reminiscent of the Binance exchange token. The ultimate goal is to eliminate 21,571,086 tokens and increase the total number to 40 million.

Available as an Accumulation-Oriented Smart Program. The user can lock up to 5,000 tokens to his account, which allows him not only discounts and bonuses, but also up to 50 AVA to his wallet at the beginning of each month.

The AVA token has been used as a collateral asset in the Bidaochain ecosystem since August 2020. This means that Bidaochain users can block AVA tokens in the system to receive a native BAI stablecoin in return.

The main reason for Travala's stability is its close collaboration with Binance, which became strategic after this booking platform merged with TravelbyBit, a subsidiary of Binance.