Travala (AVA)

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Travala is an already operational travel booking platform with lots of Properties in 210 Countries covering 82,311 Destinations. The platform combines the best of this generation’s booking website functionality.

Joke Name

Travala = Hotel Token

Basic Intro

Link to the main website

Link to price/market cap

Exchange Ticker (AVA)

Coin or Token

Circulating Supply (37 Million)

Total Supply (61 Million)

Market Cap Ranking

Review

Travala is an already-operational travel booking platform with 567,928 Properties in 210 Countries covering 82,311 Destinations. The platform combines the best of this generation’s booking website functionality with the incredible benefits enabled by next generation’s decentralized technologies and tokenized incentive structures.

Travala, as a Next-gen Online Travel Agency (NOTA), fundamentally changes the relationship between the consumer of the future and their travel shopping. Travala’s target market benefits from:

Crowdsale:

Based out of the UK, the Travala project managed to raise a little over $2 000 000 during the duration of the ICO

Key Features:

  • How it works
  • Token

How it works

According to the site, Travala strives to become the first real-world example of using blockchain technology. By offering their services through NEO and AVA, everything becomes digital. Using this kind of technology, the company provides more value to their customers and hopes to outshine their competition by offering rates 45% lower than their competitors.

When you cut out the middleman and allow the consumer to speak directly to the merchant, there is no doubts or hesitations about the travel plans. While Travala is relatively new, only been on the scene since 2017, the company has big plans for the future and hopes to become the go-to marketplace for all travel needs.

Travala operates using NEO at 1000 transactions per second. The current speed of the operation only takes approximately 30 seconds. The cost per transaction is stated to be $0.001 and utilizes proof-of-stake protocol.

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. 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.

Token:

AVA token system encourages and supports multiple scenarios such as smart contracts, exchange of data, booking agreement and dispute mechanism. In addition, the AVA infrastructure supports the development and mapping of the dApp and HTML web platform enabling Travala.com to reach the mass consumer within the travel industry.

Problems:

The major concerns we have with projects in the travel space whether it be in the Accomodation or Flight Booking categories are two simple ones; Likelihood of Adoption and Centralized Competitors. From a B2B (Business to Business) perspective, these solutions offer businesses the chance to save huge amounts of money on outrageous fees charged by some of the big players such as Priceline, Expedia, etc through the simple act of cutting out the middleman. But from a B2C (Business to Customer) perspective, these newer solutions are (on the face of it) offering the same thing when compared to the usual players that we mentioned above.

Conclusion:

While it may take a while for a new up-and-coming company to compete with name brands such as Expedia, kayak, and Travelocity, there is no questioning that Travala offers something new. The ability to work with the blockchain system and provide the customer lower fees and deep savings will definitely make Travala stand out from the crowd.

Pros

  • New features

Cons

  • No direct backing (asset, profits, commodity)
  • Competition