Save Money on your Hotel Booking and Earn Crypto
Imagine you’re being offered the guarantee to get the lowest price for your hotel reservation, anytime, anywhere. And oh! wait… you’re also given the opportunity to pay however you want, with FIAT money, or with your crypto assets? Awesome right? And what if you could even earn crypto from cashback on each booking?
Well, this all is possible and available in the same place. I present you: Travala!
Travala.com is a hotel booking platform, apparently similar to its other better-known competitors like Booking.com and the like. It works and feels the same as the other products available on the market:
Founded in 2017 during the crypto frenzy, it outlived the bear market that followed the year after and has grown to one of the biggest platforms for hotel bookings all around the world.
Recently, Travala.com announced a strategic partnership with the leading platform of travel booking: Booking.com. Not only it adds to its credibility and value, but it also enables to enrich greatly its portfolio of properties and make it one of the fastest available right now.
Travala.com has all the advantages of regular Online Travel Agencies (OTA): Centralized servers to ensure users a proper and fast access to the offers, and competitive pricing through aggregation. But, it introduces additional features while taking advantage of the blockchain: transparency and the tokenization for rewards value.
Travelers with a sweet tooth for crypto, ditch all the other options, Travala.com is the place to go for hotel bookings!
Token economics – AVA token
AVA is the native token of the platform. At the time of writing, AVA was ranking #450 on CoinMarketCap, with a circulating supply of 36,811,295 AVA out of 61,571,086 AVA total supply.
AVA trades at around 0.093 USD, for a total market cap of 4.3 millions USD.
Initially built on NEO, AVA was originally a NEP5 token.
It has migrated only recently to Binance Chain to maximize its token economics, usability, security, and speed. Therefore it is also available now as a BEP2 token (Binance Chain).
You can purchase AVA at the following places:
- Kucoin Exchange (several pair available, NEO, BTC, ETH or USDT – NEP5 token running on the NEO blockchain)
- Binance DEX (BEP2 token running on Binance Chain)
Note that the NEP5 version of the token is still in use by Travala.com.
However, Travala.com announces that all AVA token holders will be able to swap their token from the NEP5 version to its new BEP2 version as soon as the mechanism is ready.
Value proposal and use cases
Best price guarantee:
On average, Travala.com prices are 15% cheaper than other mainstream booking sites.
However, Travala.com refunds the difference in form of AVA tokens if a cheaper price can be found on any other website for the same accommodation at the same property and at the same check-in date.
Travala supports the common payment options usually available for that kind of service: Credit Cards and PayPal.
And of course, you knew it was coming, you can pay with crypto!! Yeah!!!
To this day 21 types of cryptocurrencies are supported.
Granted, AVA, the native token of the platform is an option, among the more popular coins such as Bitcoin, Bitcoin Cash, Litecoin, Tron, Ethereum, Monero, XRP, NEO just to name a few…
The smart program is a promotional program where you are proposed to freeze your AVA token for a minimum period of 30 days. You can then benefit from preferential conditions on your bookings, basically giving incremental discounts and cashback based on tiered amounts of AVA you will freeze, as follows:
|Tier #||Frozen amount||Discount||Loyalty|
|Smart Level 1||500 AVA||1% discount||1% cashback|
|Smart Level 2||1000 AVA||2% discount||2% cashback|
|Smart Level 3||2500 AVA||3% discount||3% cashback|
|Smart Level 4||4000 AVA||4% discount||4% cashback|
|Smart Level 5||5000 AVA||5% discount||5% cashback|
Discounts are immediate and directly applied to the price for the property.
Cashbacks are sent to you in the form of AVA token.
Buyback and Burn Program:
Travala.com reviewed recently its token economics and took advantage of its recent move to Binance Chain to introduce a Buyback and Burn Program.
It will take place every quarter, where Travala.com will repurchase and destroy 20% of its net revenue. This keeps going on until 21,574,086 AVA are burned, hence reducing the total supply of 61,571,086 AVA to a mere 40,000,000 AVA. This represents 35% of the supply.
The first burn will occur in mid-January 2020.
OK, you’ve been hooked and want to hop on the train of crypto adoption?
Well, you can benefit from a referral program and benefit from a 50 USD worth of AVA cashback on your first booking of 100 USD.
For this, you can ask a friend or a relative that has already a registered account to send you an invite. If you don’t know anyone that could, you can click on the image below to benefit from the offer using our referral:
There are some very interesting information provided by Travala.com that we had the need to share with you. For more information, please refer to this article on their official website:
Make sure you take a look at their tweet and follow them!