AVA will be listed as a Collateral Asset in the Bidao DeFi Ecosystem
London, August 26, 2020 – Travala.com, the leading cryptocurrency-friendly travel booking platform backed by Binance, has announced a strategic partnership with Decentralized Finance (DeFi) Ecosystem Bidaochain to offer AVA as a collateral asset.
Following this partnership, AVA token holders will be able to lock up their AVA as collateral to generate the BAI stablecoin and Travala.com will also list Bidao’s stablecoin BAI as a payment method allowing users to book over 2.2 million hotels and homes worldwide.
AVA follows other leading cryptocurrencies such Binance Coin (BNB), Ontology (ONT) and TRON (TRX) being added as collateral on Bidaochain’s DeFi ecosystem that is secured by the trustless Chainlink price oracle.
Juan Otero, CEO of Travala.com said: “We’re very excited to see the Travala.com and AVA ecosystem continuing to expand, now into the DeFi space. Bidao’s multi-chain solutions for DeFi applications will allow AVA token holders to enjoy some of the great benefits of DeFi, such as using AVA as collateral to borrow a stablecoin. We are constantly scanning the landscape for AVA to be used in other applications.”
Bidao is building a new blockchain protocol dedicated to collateralized lending, with a goal to create a blockchain-agnostic ecosystem for DeFi applications. BAI is an algorithmic stablecoin that is pegged 1:1 with the US-Dollar.
Bastian Aigner, CEO of Bidao said: “We are highly impressed with what the Travala.com team is building and feel very honored to collaborate with them strategically. With over 2.2 million hotels/accommodations and 600+ Airlines worldwide, Travala.com is reshaping digital-age travels by building a crucial bridge between everyday life and the crypto industry. With our Bidao stablecoin (BAI) being accepted as a payment option on Travala.com, this brings massive use case opportunities for BAI. It is truly exciting to see such amazing use cases upcoming for BAI.”
Founded in 2017, Travala.com is the leading cryptocurrency-friendly travel booking service with 2,200,000+ hotels and homes in 230 countries and 600 airlines globally. Backed by industry-giant Binance, Travala.com is a champion of cryptocurrency adoption, accepting over 30 leading cryptocurrencies in addition to traditional payment methods. AVA bolsters the Travala.com value proposition. As the native cryptocurrency of the platform, AVA can be used for payments, receiving loyalty rewards, discounts and bonuses, among several other use cases. For more information, visit: www.travala.com
The Bidao Cryptocurrency (BID) utilizes a completely decentralized proof-of-stake Blockchain with an additional collateral-backed value token which is 100% stable in value quite in contrast to for example Bitcoin, Binance Coin or Ethereum which experience huge fluctuation. Bidao is integrating with many different Blockchains like Tron, Bitcoin, Ethereum, and now IOST to become the one-stop-shop for Decentralized Finance (Defi) applications. For more information, visit: www.bidaochain.com