Dear Travala.com and Binance Community,
We’re excited to announce that the Travala.com token (AVA) will be listed on Binance DEX starting on Monday, November 25th, 2019. The AVA/BNB pair will open for trading at 11:00 AM (GMT).
Our proposal to list on Binance DEX was approved unanimously by all Binance Chain validator nodes. Please find the link to the proposal and results here.
Now that AVA has been approved to be listed on the Binance DEX we are looking forward to introducing one of our unique selling propositions to the Binance Community.
AVA is the heart of the Travala.com business model. It can be used as the method of payment for accommodation bookings, it can be used for access to enhanced rewards, or directly recouped for the equivalent fiat value on partner exchanges. It features front-and-center in our decentralized use-cases. For a full list of AVA functionality please see our recently updated whitepaper by clicking here.
AVA Token Details
- Total supply: 61,571,086
- Circulating Supply: 44,283,312
How to swap AVA (NEP5) to Binance Chain AVA (BEP2)
There will be multiple phases to swap AVA (NEP2) to AVA (BEP2).
Phase 1. There will be a dedicated secure landing page on our partner website for users to perform the swap. User will send their AVA (NEP5) via our swap mechanism to a NEO wallet address and be asked to submit a BNB address which is where their AVA (BEP2) will be sent on a 1:1 ratio.
This option will be opened up first giving users the chance to swap their tokens ready for the listing on the Binance Dex and will be open for a period of no less than 6 months, after which we will evaluate the opening period again. You can see an example of how the swap will work here.
Phase2. – AVA Tokens held within the Travala.com platform which includes those locked in the Smart program will be automatically swapped for the new AVA (BEP2) on a 1:1 ratio. Please note that 10,000 AVA daily withdrawal limits apply.
Phase 3. – Kucoin.com will support the swap automatically converting users AVA (NEP5) to AVA (BEP2) on a 1:1 ratio.
For all options the total supply of AVA will remain constant as when AVA (NEP5) is burned AVA (BEP2) is released. We will use the Binance Chain Freeze and Unfreeze mechanism to manage the supply whilst the swaps are active for total transparency.
A Primer on Travala.com and The AVA Token
Founded in 2017, Travala.com has grown from a small start-up to the world’s leading blockchain-based travel booking platform trusted by thousands of customers worldwide as their preferred online travel agency.
At Travala.com, we connect travellers with one of the world’s largest selection of incredible places to stay, including everything from hotels, apartments, villas and hostels to 5-star luxury resorts. The Travala.com platform currently offers 1,654,357 properties covering 90,124 destinations in 230 countries and territories, and with prices up to 40% cheaper than mainstream travel booking platforms.
We have successfully created a frictionless travel booking experience that incorporates next generation blockchain technology and tokenised incentives. By introducing cutting edge user experience and multiple cryptocurrency and traditional payment options alongside benefits tied to our proprietary cryptocurrency AVA, our customers know they are booking with a platform of the future with transparent pricing and backed up by our Best Price Guarantee.
The Travala.com value proposition is bolstered by AVA. As the native cryptocurrency of the platform, AVA can be used for payments, receiving and redeeming loyalty rewards, refunds, and as a store of value, among several other use cases.
Founded by a team of seasoned travel, fintech and blockchain industry experts, Travala.com’s mission is to bring to the travel industry as a whole transparent pricing, innovation, authentic truth, enhanced security, and efficient stakeholder interaction.
For more information, visit: https://www.travala.com
About Binance Chain:
Binance Chain is a blockchain software system developed by Binance and its community. Binance DEX refers to the decentralized exchange features developed on top of Binance Chain. The purpose of the new blockchain and DEX is to create an alternative marketplace for issuing and exchanging digital assets in a decentralized manner.
For more information, visit: https://www.binance.org