Travala

Overview of Travala

Travala eliminates operational exposure to crypto volatility — the fiat price of Bitcoin can fluctuate ten percent in a day — by pricing in fiat in instructing its payment processor, Binance, to automatically and immediately convert crypto payments to a stablecoin like Tether or Dai.

Travala was founded in 2017 by a group that combined expertise in the travel industry, blockchain platforms and fintech inseeming to disrupting the online travel market via a decentralized platform that reduced the friction, cost and time required to book lodging and airline tickets.

Travala aims to use Blockchain Technology and Cryptographic Advancements to provide a totally transparent marketplace to ensure that consumers are paying what they should, and that service providers are being paid appropriately — everything on the blockchain, immutable and secure.

Travala is here to not only address the problems and provide a solution, but also to ensure a more transparent, secure, and efficient way of connecting travelers and service providers, without a meddling middle-man.

Travala’s mission is to fully align travel booking with the ethos of decentralized technology and promote accessibility to anyone, anywhere while also offering full censorship and peer-to-peer (P2P) transactions.

Travala, a service that lets users pay for hotel reservations with digital currencies, is set to close its latest equity crowdfunding campaign on Crowdcube with nearly £1.1 million raised.

Travala also incorporates AVA token system which supports and encourages smart contracts, booking agreement, and disputes mechanisms as well as the exchange of data and smart contracts.

Travala uses a native token, AVA, which helps the platform to be able to offer tokenized incentives to its customers and any other users that could help the platform grow.

Travala’s data suggests that BTC even pipped credit cards in the popularity stakes, with the latter responsible for 17% of the bookings made in November.

Travala offers the services of over 2,200,000 homes and hotels in 230 countries, and offers flights from over 600 global airlines.

Blockchain

With Blockchain technology, Travala can bring together service providers and consumers to create a more ideal travel experience, be it on the plane, or in the hotel —so that service providers may protect and enhance their reputation, and consumers are guaranteed satisfaction.

Mine

The amount of AVA to be repurchased each quarter is determined by Travala.com’s booking activity.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.Travala.com’s AVA Repurchasing Plan will take place every quarter until 21,571,086‬ AVA are permanently destroyed.

Support

The AVA system supports the mapping of HTML and dApp platforms which will allow the company to reach the majority of consumers searching for travel arrangements.

Transactions

I’m pretty sure you are aware that cryptocurrency transactions are irreversible, but with Travala you can get a refund for your cancelled bookings, even if the payment is done in cryptocurrencies including Bitcoin.

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Conclusion: Should you be using Travala platform?

Well, Travala seems like a brilliant solution for booking your Travel (Flights, hotels, and more) using Cryptocurrency.However, it is not only limited to cryptocurrency, and also accepts payment via Credit card/debit card which makes it an interesting proposal for a lot of users.

Did you have to make difficult choices, and what are the lessons learned?

Juan Otero: We had to implement several contingency plans to allow us to conduct business as usual for the long-term, even in a worst-case scenario.However, the situation improved significantly for us from July onwards without the need to make any significant changes.

First of all, how are you and your family doing in these COVID-19 times?

Juan Otero: The family is great.We live in Western Australia, where the pandemic has been handled very well so other than no international travel, life has been ?almost ?normal for the last six months since cases dropped off here.I’m going a little stir crazy being stuck at home but, considering the situation, I feel very lucky to be where I am.

How high can Dogecoin go?

According to Provscons, this year the Dogecoin is expected to surpass the $1 mark.Should it do this then the market cap could potentially reach $135 billion.However, many don’t believe it can.

How Is the Travala Network Secured?

Travala is built on three layers that make its ecosystem possible, which are the Travala DApp, the Travala Protocol and the Travala Consensus.

How Many Travala (AVA) Coins Are There in Circulation?

Travala (AVA) has a circulating supply of 45,682,029 tokens and a maximum supply of 61,125,269 AVA as of February 2021.

How the coronavirus pandemic affects your business, and how are you coping?

Juan Otero: Despite being in the travel industry, we managed to turn the past year into the perfect storm for us.The first couple of months of the pandemic (when no one was sure what this meant), like every other travel business in the world, our sales collapsed.However, this downturn was short-lived and we would go on to be hitting record sales month over month by the year’s end.

Is Travala Easy to Use?

Travala is very easy to use, the platform is just like any other booking site where you simply put in your dates and destinations to generate results that fit your parameters.They offer a mobile application for Android and iOS for even easier access to their services.

Is Travala Free?

Yes, Travala is free to use platform to book hotels, flights and accommodations.

What Are the Best Features of Travala?

The best features of Travala are the ability to pay with a variety of traditional and cryptocurrency payment methods, the wide selection of accommodation options bolstered by their partnership with Expedia that allows access to all of Expedia’s booking options, easy access via their website or mobile app, and the incentives provided to those who hold their AVA crypto token.

What are the payment options on Travala?

Travala accepts traditional payment methods such as Visa, Mastercard, Stripe and American Express, and through Crypto.com Pay, Binance Pay, and Swipe as well.

What is AVA (Travala Coin / Travala Token)?

As the native cryptocurrency of the Travala.com platform, AVA (BEP-2 token standard) is at the heart of all existing and future use cases Travala.com is pursuing.With AVA, the incentive to use Travala.com becomes even stronger as it provides additional benefits and enhanced user engagement.

What Is Travala (AVA)?

Travala, founded in 2017, is one of the leading blockchain-based travel booking platforms.

What is Travala?

Travala is a frictionless travel booking experience that incorporates next generation blockchain technology and tokenised incentives.They have multiple cryptocurrency and traditional payment options alongside benefits tied to their proprietary cryptocurrency AVA.

What is Travala?

On the surface, Travala.com is an easy-to-use online travel agency (OTA).Under the hood, their unique infrastructure allows Travala to offer unique value add to both travellers and travel suppliers.

What Makes Travala Unique?

The main principle and goal of Travala are to make crypto payments a mainstream option in the travel industry.Travala also bills itself as a cheaper alternative to the traditional booking methods due to the fact that it has no hidden costs and has more transparent practices.

What's next for Travala?

As a newbie to the space I've been reading up on Travala and I'm totally behind what they are doing.I used to travel a lot for work and can see how companies and industries can earn rewards.

Where does Dogecoin originate from?

Dogecoin is the brainchild of software engineers Billy Markus and Jackson Palmer.It was created to waive banking fees as part of a new payment system.The face of the coin shows the “Doge meme” from 2013 which is also where the currency got its name from.

Who Are the Founders of Travala?

Travala was founded by Matthew Luczynski, who is currently the chief strategy officer at the company.

Who are your competitors? And how do you plan to stay in the game?

Juan Otero: We operate in a niche market with very limited competitors.Travala.com is a first mover and the market leader for blockchain-based travel bookings.We ensure our users are loyal to us, preventing a business case from larger OTAs to try and connect with this market segment.There are smaller travel players trying to replicate our model within the cryptocurrency space.However, they are far behind and it is unlikely they will be able to catch up.

Your final thoughts?

Juan Otero: Travala.com is the world’s leading blockchain-based travel booking platform, emerging as the world’s web 3.0 OTA with a clear purpose to enhance the travel booking experience with blockchain technology.We believe that travel is the ideal venue for the mass adoption of cryptocurrencies and the decentralized technology we’re building will play a significant role in solving the broken relationship between travel suppliers and travelers.

Your website?

www.travala.

History of Travala