The world’s leading blockchain-based travel booking platform trusted by thousands of customers worldwide announces the implementation of more advanced blockchain functionality
London, United Kingdom –– October 2, 2019 — Travala.com, the foremost blockchain-based hotel booking platform, releases a major update on its latest white paper to further align travel booking with the ethos of decentralised technology. 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.
Travala.com’s vision is to align travel booking with the ethos of decentralised technology. That being, promote accessibility to anyone, anywhere, offer censorship-resistant and peer-to-peer transactions, and build open-source technology controlled by software and governed by users. The new White Paper v3.0 can be found online at https://whitepaper.travala.com.
The Travala.com platform that currently offers 1,654,357 properties covering 90,124 destinations in 230 countries and territories is now set to develop more advanced decentralised functionality including decentralised accommodation booking, reviews, salesforce, referral system and decentralised governance giving AVA holders the right to vote on certain issues that empower them.
Matthew Luczynski, CEO and Co-Founder of Travala.com, said, “Since setting out to build Travala.com we have always had the intention to decentralise aspects of the business in order to leverage the advantages of disintermediation. After meeting several internally significant business milestones, we are now planning to phase-in more advanced decentralised functionality and use cases to our business model.”
Following the recent announcement of the migration of AVA from its current NEP5 (NEO blockchain standard) to a BEP2 standard token, the token format native to the Binance Chain, the AVA token will be at the heart of all future use cases Travala.com is pursuing. With the introduction of these new decentralised business models, the incentive to use Travala.com becomes significantly stronger.
Furthermore, Binance Chain gives Travala.com the ability to not only solve the cryptocurrency refund problem by using a liquid BEP2 stable coin as the payout currency for refundable travel bookings but also the option to deploy new Binance Chain based wallets that will offer full transparency of transaction activity on-chain and other key functionalities related to the staking of AVA for the platform’s Rewards Program and the implementation of the AVA Repurchasing Plan, among several other innovative use cases.
After receiving ample market validation and building a world-class team with previous experience in some of the world’s largest companies, such as Booking.com, Oracle and Circle/Poloniex, Travala.com is now ready to lead the way towards an evolution in online travel booking that will fundamentally change the relationship between consumers and their travel service providers.
We have successfully submitted our proposal to be listed on Binance DEX! Voting is now live to list AVA on Binance DEX! Once we get approved by the validators within 14 days we will open up the swap mechanism shortly after and AVA/BNB will be tradeable on the Binance Dex
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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.