This article is about what is AVA crypto token. AVA is the native utility token of the Travala(.)com platform. Travala is an online platform for hotel and flight bookings, where users can pay using both crypto and traditional payment methods.
What is AVA Crypto Token?
AVA is a multi-chain token that operates on different blockchain networks, including Binance Smart Chain (BEP-20), Binance Chain (BEP-2), and Ethereum (ERC-20). The token was initially founded as a travel utility token and is associated with the Travala(.)com platform, which enables travelers to book various travel products using cryptocurrencies.
The mission of AVA is to revolutionize the travel industry by introducing transparent pricing, innovation, security, and efficient stakeholder interaction. The team behind AVA aims to align travel bookings with the principles of decentralized technology, promoting accessibility, censorship resistance, and peer-to-peer transactions. They also seek to build open-source technology controlled by software and governed by users.
What are the Use Cases of AVA Token?
Here's a summary of the use cases:
Payments: Users can pay for bookings on Travala(.)com using AVA tokens. By doing so, they can benefit from special discounts, reduced transaction costs, and faster settlement times. Additionally, users in the Smart Program can access enhanced tiered rewards on their payments.
Givebacks: When a hotel or activity booking is completed on Travala(.)com, the traveler receives 2% of the total booking price back in AVA. This giveback can be boosted to 10% through the Smart Program, encouraging wider adoption of the cryptocurrency.
Smart Program: Smart Program members receive various benefits, including discounts of up to 5%, loyalty giveback rewards of up to 10% in AVA, and up to an additional 3% discount when paying in full with AVA. Members can use AVA rewards to purchase future bookings or upgrade their Smart membership.
Voting: AVA token holders have the opportunity to participate in the Community Vote, where they can help determine key decisions for the Travala(.)com platform. The voting power of Smart members increases with their Smart tier level.
Invite Program: Users can refer friends and family to Travala(.)com and receive rewards in AVA for each successful referral. When the referee makes a booking, both the referrer and the referee receive US$25 in AVA as a reward.
These use cases demonstrate how AVA is integrated into the Travala(.)com platform to incentivize users, encourage adoption, and create a more decentralized and rewarding travel booking experience.
Who are the Founders of AVA Token?
AVA Token is associated with the Travala(.)com platform. The co-founders of Travala(.)com, who are closely connected to the AVA Token, are:
Juan Otero: Juan Otero is one of the co-founders and serves as the CEO of Travala(.)com. He is a passionate entrepreneur and has a background in finance and real estate. Before founding Travala(.)com, Juan was involved in various businesses and startups.
Steve Hipwell: Steve Hipwell is also a co-founder of Travala(.)com and has been instrumental in the platform's development and growth. He has a strong background in technology and e-commerce.
These co-founders, along with their team, have been working to bring the vision of Travala(.)com to life, leveraging the AVA Token as the utility token for the platform's services and rewards.
Bottom Line
In this article, we have discussed what is AVA crypto token. By leveraging blockchain technology, the platform aims to provide transparency, security, and cost savings to users.
