What is Travala (AVA)? How To Buy AVA Token In India?

What is Travala (AVA)?

Blockchain technology has disrupted several traditional web2 platforms paving the way for a user-first decentralized world. Travala is working on the same aspect in the travel industry. Travala, initiated as a startup, is a blockchain-based platform that enables users to book various travel products across the globe. Services offered by Travala include accommodations, flights for more than 600 airlines, and activities in over 230 countries. The platform also offers bill payment services for Australia, such as electricity bills, mobile phone bills, credit card fees, etc.

Travala, a native utility token AVA, is based on Binance BEP-2, Binance Smart Chain BEP-20, and Ethereum blockchain ERC-20 token standards. AVA token has several applications, including payment for bookings on the platform, incentivizing users to participate in platform growth, purchasing goods and services globally through the Swipe wallet app, and as platform fees by platform suppliers.

Who are the Founders of Travala?

Travala was founded in 2017 by Steve Hipwell, Juan Otero, and Matthew Lopez to create user-friendly travel solutions using blockchain technology. All founders have extensive background experience working in blockchain, fintech, and travel industries. Juan, CEO of Travala, has previously worked at Booking.com and Oracle.

How does Travala work?

Travala ecosystem comprises the following three layers for its working:

• dApp Layer: The user interface of the Travala decentralized application allows users to create an account, browse through a wide range of available services to select bookings, and complete payment with an integrated Travala wallet. Users can also add services like travel insurance or leave a review for other users.
• Protocol Layer: Travala implements the NEP-5 contract standard to power and governs user interaction on the platform. The protocol smart contracts are event-driven If-This-Then-Than changes to ensure its seamless working. The proxy smart contracts manage and track the token transfer, stakeholder interaction, and user incentives.
• Consensus Layer: The platform operates on the NEO blockchain and utilizes delegated Byzantine Fault Tolerant (dBFT) protocol. It processes transactions at a speed of 1000 TPS. This consensus layer enables users and suppliers to get verified and stake their AVA tokens for governance. 

What makes AVA Unique-Use Cases?

• Travala provides a transparent platform offering low-cost travel services to users. It claims to provide bookings at 15% cheaper prices than traditional OTAs.  
• Travala supports over 40 cryptos besides AVA tokens, including USDT, BTC, ETH, LTC, and DOGE.
• Users can earn loyalty rewards and incentives for bookings, referrals, and reviews on the Travala platform.
• AVA holders can stake their tokens to participate in community voting.
• The platform also has a Proof of Travel NFT program for Smart Program users to claim stamps and badges.

Travala (AVA) Price Analysis

• AVA price showed recovery in the first few months of 2023 and has been falling down since February end.
• AVA price witnessed rejection from the resistance level of $0.67 on May 30, 2023, with below 50 RSI indicating bearish market sentiment. 
• It is currently prevailing at $ 0.5327, near the re-tested support level of $0.51. If the AVA price persists with strength, it might touch $0.60 soon.

How to Buy AVA Tokens in India?

To buy AVA Token in India, just follow the below-mentioned steps:

• Download the CoinDCX App on your Smartphone
• Enter the details required for registration.
• Complete KYC
• After your profile is verified, fund your wallet and buy an AVA.