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Introduction to Travala

Travala is a crypto-based travel agency that offers millions of products. The beauty of using Travala is that you can pay for all your travel needs using one of the hundreds of supported cryptocurrencies.

Travala came into existence in 2017 as a project that prides itself on giving mainstream utility to crypto. The Travala project, which is backed by Binance, also offers investment opportunities for the public. Through AVA, the governance token, investors gain access to a variety of benefits that includes loyalty rewards, discounts and even NFT airdrops.

There seems to be a high amount of excitement because of this project. Many people are stipulating that it will be among the biggest crypto projects in the world due to the level of interest.

Because the project is being backed by Binance, it rose to prominence quite rapidly. As a matter of fact, it has become so popular that it even has a place on the Binance trading application, which is undoubtedly in the mobile phones of millions of people worldwide.

The main focus of Travala is on creating use cases for a variety of crypto projects. For example, it intends to use travel products that include hotel reservations, booking and numerous activities in virtually every country in the world to facilitate this venture — It simply works by enabling members of the project to pay for a number of travel-based products with cryptocurrency.

How to Register #

Registering on Travala is pretty easy and can be done with either a phone or laptop.

Via laptop or desktop, you can go to travala.com to register. If you are using your phone, you can either visit the aforementioned site or simply download the Travala application on your mobile app store.

All you need is an Email, Google account, or a Facebook account during the account creation process and use either one of those options to provide your details to the system.

If you’re using an Android phone, you most likely have your details on google, so the easiest option is to “Continue with Google”.

Alternatively, you can fill in the blank spaces with the required data and then verify the email that will be sent to you. The process is quick and seamless.

About AVA Token #

The primary token of Travala is AVA token with a total supply of 61,011,389 tokens and a circulating supply of 50,998,000 tokens . It is a multichain asset with a presence on Binance Chain (BEP2), Binance Smart Chain (BEP20) and Ethereum Network (ERC20).

AVA is a token that opens up numerous opportunities for holders. However, to benefit from most of these opportunities, you have to be a part of the smart membership. Before talking about the membership program, let us highlight some key features of the AVA tokens.

  • Ava is a governance token on the Travala project
  • According to Coinmarketcap, AVA is traded on Binance, Gate.io, ByBit, Kucoin, Exchange and Mandala Exchanges.
  • At the time of writing, the AVA token is worth $1.17
  • There’s the general feeling that AVA will be huge in the future.

Travala’s Smart Membership #

The Smart Membership program is a multi-tiered program offered by Travala that requires users to lock specific amounts of AVA tokens in order to qualify for certain discounts, bonuses and rewards.

There is the Basic, Steel, Bronze, Silver, Gold, Platinum and Diamond level Smart Membership Programs. They all require that a certain amount of AVA tokens is locked, asides from the Diamond level membership that requires both AVA and a Tiger Travel NFT.

Travala recently announced a partnership with Dtravel, which is a home-sharing community. Through this partnership, users will be able to book homes as well as flights through the Travala site. This will further facilitate Travala’s goal of being the biggest blockchain-enabled Online Travel Agency in the world.

By being a Smart member or having a minimum of 50 AVA tokens, holders are eligible for a share of the 10,000,000,000 TRVL tokens that will be airdropped. The TRVL token is the native token of Dtravel.

The Smart Membership program will be used as a means of rewarding users who lock or stake their AVA tokens. Members can get a minimum of 3% discounts on their payments and they receive higher voting rights on Community projects depending on how much AVA they have locked. Members also receive other rewards like loyalty rewards and access to the Proof of Travel NFT program.

How to pay with Travala #

Travala has 81 crypto and fiat payment options available on their app and website that can be used for bookings on over 2,200,000 hotels and accommodations around the world. Hotels and accommodations affiliated with Travala agency accept these different tokens, and payment options.

These 81 payment options include different cryptocurrencies, credit cards, Crypto.com Pay, Binance Pay, My Wallet, Apple Pay, VnPay and Travel Credits.

To make payments, you would need to:

  • Select your hotel
  • Fill out the necessary information.
  • Select payment option
  • Make payment by either entering your card details or making payment through the wallet address provided.
  • You can select from a long list of cryptocurrencies that are enabled on the platform.

Conclusion #

Using Travala to make payments was made particularly easy for anyone that has crypto or has a credit card. Through the use of this platform, cryptocurrencies will have direct application for a real-life product and continue the push towards mainstream acceptance of these digital assets.

References:

Updated on February 6, 2022
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*Paid Advertisement. Not financial advice. RugDoc is not responsible for the projects showcased here. DYOR and ape safu.

Our mission here at RugDoc is to screen for hard rug code that results in 100% theft of ALL underlying funds for ALL participants.

This is the ONE part of the due diligence process that most people cannot simply do on their own as it costs thousands of dollars to hire a senior solidity developer to look over a farm for safety.

A project coin with terrible code can go up in price, and a project with good code and a good team can also go down in price.

Do NOT use our ratings to refer to your likelihood in making money if you invest in the project. They are ONLY in reference to code safety.

Everything else beyond code safety is YOUR responsibility to go do research on. We just make sure the casino you’re betting in won’t rob you before you even get to place a bet.

Our reviews for projects are organized into a few colors.

🟢 Least Risk
These projects are the least likely to hard or soft rug. Usually reserved for cornerstone projects of an ecosystem where it makes no financial sense for them to rug in any manner as they make more money just being legit.

🔵 Low Risk
These projects are usually established projects in an ecosystem that have a track record of success or have KYC’d to us or other authoritative sources in the real world. As a result, it is extremely unlikely for them to soft rug or hard rug their projects. The projects can still fail and the token price can go down, but usually more as a result of natural market forces.

⚪️ Some Risk
This is the default rating for projects with unknown teams but have code that is unlikely to have hard rug risk. Since the team is unknown and doesn’t have a track record of success, it’s entirely possible that they may try to soft rug by dumping tokens, abandoning the project, etc. Even a last minute contract swap to a malicious contract is possible. The only thing that is unlikely is a complete hard rug as long as you are 100% sure you deposit into the contract we review.

🟠 Medium Risk
Similar to Some Risk, but the underlying code itself is custom enough or complex enough that it warrants an elevated risk rating that needs deeper research. Make sure you read every point presented to make sure you’re comfortable with that before entering. Still unlikely to hard rug, but more chances of custom code behaving incorrectly and causing other issues.

🔴 High Risk
Project contains code or practices that are HIGHLY LIKELY to lead to catastrophic losses as they are right now. Make sure you read the description carefully as we will always warn what these issues are. If you see the words Hard Rug anywhere in the review, STAY FAR AWAY!

⚫️ Not Eligible
We reserve the right to not review exceedingly complex projects that would require tens of thousands of dollars of senior security analyst man hours. Typically these are projects that deal with leverage, lending, options, derivatives, and anything that is overly complex and which requires tons of peer reviews and audits from top audit companies.

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