Travala.com

What is the token?

The Travala (AVA) token is the native digital asset of the Travala ecosystem, which is designed to be a next-generation Online Travel Agency (NOTA). The AVA token underpins a token-powered incentivization economy, rewarding users for valuable actions such as user referrals, contributing authentic reviews, and other content. It is used to obtain the largest possible discounts on travel bookings, reward platform contributors, and serve as a payment method for other platforms leveraging Travala’s infrastructure.

As Travala’s consumer base grows, the use of the AVA token becomes integral to the user experience on the platform. The demand for AVA is expected to increase in line with platform adoption, contributing to a healthy internal token economy that benefits all stakeholders. Travala aims to offer a globally competitive range of travel services at prices at least 15% lower than mainstream OTAs, with payment options in both cryptocurrencies and traditional currencies and features blockchain-verified reviews for feedback authenticity.

Tokenomics

• Total Supply:

• The maximum supply of AVA tokens is capped at 100,000,000 AVA.

• Circulating Supply:

• As of the latest data, the circulating supply is 51,487,051 AVA.

• Initial Allocation and Purpose:

• The AVA token is used for discounts on travel bookings, loyalty rewards, governance voting on key platform proposals, and as a payment option on various platforms. It also enables access to exclusive benefits like the AVA Smart Program.

Market Data

As of today 27 July 2024, the price of Travala.com is ₹56.92 INR, with a 24-hour trading volume of 1071351.22 USD. The market capitalization for Travala.com is 32935515.7USD. The circulating supply is 53287137.72 Travala.com, with the total supply also being 64363211 Travala.com.

Token Pros and Cons

Pros

• Utility in Travel and Beyond:

• AVA offers real-world utility, including travel discounts and loyalty rewards on Travala.com.

• Governance Participation:

• Token holders can vote on key platform proposals, influencing the future direction of Travala.com.

• Exclusive Benefits:

• Access to the AVA Smart Program and other exclusive benefits like the Proof of Travel NFT program.

• Wide Acceptance:

• AVA can be spent at over 60 million Visa merchants worldwide through a partnership with Swipe.

• Decentralized Loyalty Ecosystem:

• AVA aims to create a decentralized loyalty ecosystem, offering more flexibility and benefits than traditional loyalty programs.

Cons

• Market Volatility:

• As with all cryptocurrencies, AVA’s price can be highly volatile.

• Regulatory Risks:

• Changes in cryptocurrency regulations could impact AVA’s utility and value.

• Adoption Rates:

• The success of AVA depends on widespread adoption by both travelers and partners.

• Competition:

• AVA faces competition from other loyalty and payment tokens.

• Technical Risks:

• Blockchain and smart contract vulnerabilities could pose risks to AVA’s security and functionality.

Why Should You Invest in the Coin?

• Growing Travel Industry:

• AVA taps into the expanding travel industry, offering unique benefits for travelers.

• Innovative Loyalty Program:

• The AVA Smart Program is a pioneering approach to loyalty rewards, potentially increasing user engagement and retention.

• Partnership Potential:

• AVA’s model allows for partnerships with a wide range of merchants, expanding its utility.

• Community Governance:

• Token holders have a say in the platform’s development, fostering a strong community.

• Limited Supply:

• With a capped total supply, AVA could appreciate in value as demand increases.

USP of the Coin

• Blockchain-based Loyalty Program:

• AVA’s integration of loyalty rewards with blockchain technology offers unprecedented transparency and efficiency.

• Wide Range of Use Cases:

• Beyond travel, AVA can be used for payments, governance, and accessing exclusive benefits.

• Interoperability:

• The AVA token’s utility extends across different platforms and services, facilitated by partnerships like with Swipe for Visa merchant payments.

Problem the Coin is Solving

• AVA addresses the limitations of traditional loyalty programs by offering a decentralized, flexible, and extensive loyalty ecosystem.

• It solves the problem of restricted utility and lack of transparency in conventional loyalty programs, making rewards more accessible and valuable to users.

Founder and Team Background

Travala.com was co-founded by Steve Hipwell, Juan Otero, and Matthew Luczynski. Steve Hipwell has a background in the travel industry and digital marketing, bringing expertise in online lead generation and web development. Juan Otero, with experience at companies like Oracle and Booking.com, brings a wealth of knowledge in tech entrepreneurship and operations. Matthew Luczynski’s diverse business background spans across various sectors, including construction, real estate, and venture capital, contributing to the financial and strategic aspects of the company.

ICO Price

• The ICO price for Travala.com (AVA) was $0.35 per AVA. The token sale began on February 13, 2018, and ended on April 20, 2018.

Risks Associated in Investing in the Coin

• Market Volatility:

• Cryptocurrency prices can fluctuate wildly, affecting AVA’s value.

• Regulatory Changes:

• New regulations could impact the utility or legality of AVA.

• Adoption and Competition:

• The success of AVA depends on user adoption and how it fares against competitors.

• Technical and Security Risks:

• Blockchain technologies are subject to vulnerabilities and security risks.

• Dependence on the Travel Industry:

• Economic downturns or global events affecting travel could impact AVA’s utility and demand.

Whitepaper Insights

The Travala whitepaper presents the platform as a next-generation Online Travel Agency (NOTA) that leverages blockchain technology to provide a more efficient, transparent, and cost-effective travel booking experience. The platform aims to disrupt the current oligopolistic OTA market by reducing middleman fees and offering a wider range of travel services at competitive prices.

Key features of Travala include:

• A globally-competitive range of travel services, including accommodation, flights, activities, and more.

• Prices that are, on average, 15% lower than mainstream OTAs are achieved through agile integration with wholesale travel solution partners.

• Payment options are available in both cryptocurrencies and traditional (FIAT) currencies.

• Blockchain-verified reviews for authentic feedback.

• A token-powered incentivization economy using the AVA token to reward valuable actions like user referrals and content contributions.

The whitepaper outlines the AVA token’s role as the native digital asset of the ecosystem, which is integral to the user experience on the platform. The use of AVA is incentivized through discounts, rewards for platform contributions, and as a means of payment for other platforms leveraging Travala’s infrastructure.

Travala targets a market that is ready for innovation, particularly appealing to younger, tech-native, and socially-aware consumers who are expected to travel more and seek new ways of experiencing travel. The platform’s business model includes a 0% commission fee and revenue generation through featured/sponsored advertising, ensuring a user-friendly interface and experience.

The whitepaper also discusses the technical architecture of the platform, including the use of smart contracts for bookings and payments and the system’s scalability to handle the expected transaction volume. It emphasizes the importance of blockchain technology in enabling direct connections between buyers and sellers, leading to lower fees, instant payments, and trustworthy reviews.

Overall, the Travala whitepaper presents a comprehensive vision for a blockchain-based travel booking platform that aims to offer better prices, greater transparency, and a more rewarding experience for both travelers and service providers.