Travala ICO (AVA Token): Blockchain Travel Booking Cryptocurrency?
When it comes to taking that family vacation, or business trip, many people go to sites like Expedia.com, Travelocity.com, or kayak.com. After all, those are the leading companies that offer different travel rates and have many different packages. There is now a new player in the game when it comes to booking a trip. Travala is the latest travel marketplace that has currently utilized NEO blockchain technology.
What Is Travala?
Travala doesn't come with the hidden fees as many of the other well-known platforms do. When you book a trip through Expedia or Travelocity, there's always additional fees for using those company services. The purpose of Travala is to become decentralized with fewer charges it still being able to give the consumer what they want when it comes to a travel marketplace.
What makes Travala so unique is that travelers and merchants are given the opportunity of peer to peer communications. Working with this ecosystem enforces 0% commission.
Who Is Behind Travala?
The site is entirely transparent offering a full list of those who work behind the scenes at Travala. According to the website, Steve Hipwell is listed as the Co-Founder alongside Matt Luczynski and Adam Chaplin. The site also contains the investors and advisors who help to make this travel marketplace run smoothly.
The remarkable thing about this team is how each member listed has a link to their LinkedIn accounts ensuring that there is no question who these people are and their functions within the Travala platform.
How Travala Blockchain Travel Booking Cryptocurrency 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.
Travala AVA Token ICO Details
Travala has recently closed its token sale. However, the site does state that 65% of the tokens are set aside for the public as well as put into reserves. There are 61,571,086 coins with 27,284,793 in circulation. The amount in reserve is stated as 34,286,293.
15% Travala AVA tokens have been set aside for the founders and team members while 20% of the reserve is allocated to research and development.
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.
Travala has a solid goal to become the go-to marketplace by offering a variety of travel services including, cruises, taxi rides, plane tickets, and pretty much any form of transportation needs. There is no doubt that Travala will be around for a while. Their whitepaper explains all the finer points that makes this company remarkable. In the near future, Travala will be as popular as those that everyone already goes to now.