*AVA Coin (Travala.com) - 350+ Words English*
AVA is the native utility token of Travala.com, which is one of the largest blockchain-based travel booking platforms in the world. Travala.com was founded in 2017 by Juan Otero and Steve Hipwell. The vision of the project is simple: allow people to book hotels, flights, and activities in over 230 countries using cryptocurrency. Today, the platform supports more than 3 million travel products, over 600 airlines, and payments in 100+ cryptocurrencies.
The AVA token plays a central role in the Travala ecosystem. It is not just a payment token. Holders of AVA get many benefits. First, you can use AVA to pay for bookings and get up to 3-5% discounts and 10% cashback. Second, AVA holders can stake their tokens to join the AVA Smart Program, which has 5 tiers. The higher the tier, the bigger the rewards, loyalty bonuses, and exclusive travel perks. Third, AVA is used for governance. The AVA Foundation allows token holders to vote on proposals. Fourth, Travala has a buyback and burn program. A percentage of revenue from bookings is used to buy back AVA and burn it, which reduces the total supply over time.
Initially, AVA was launched as a NEP-5 token on the NEO blockchain in 2018. In September 2019, Travala announced its migration from NEO to Binance Chain to improve speed and performance. The new AVA token became a BEP-2 token with ticker AVA-645. Later, it was also launched as a BEP-20 token on BNB Smart Chain and as an ERC-20 token on Ethereum to increase compatibility.
*When was AVA listed on Binance?*
AVA was officially listed on Binance.com on *July 10, 2019*. Binance announced that it would open trading for AVA/BNB, AVA/BTC, and AVA/USDT pairs, with trading starting on July 11, 2019. This was a very important milestone for Travala because Binance is the largest crypto exchange by volume. The listing gave AVA huge liquidity and visibility.
Later, in November 2019, Binance made a strategic investment in Travala, becoming a major backer of the project. This partnership helped Travala merge with Binance-backed TravelByBit in May 2020, making it even bigger.
AVA reached its all-time high of around $6.45 in April 2021 during the bull market. Currently, it has a total supply of 100 million tokens and a circulating supply of about 74 million.
In short, AVA is not a meme coin. It has real utility in the travel industry. If crypto payments for travel continue to grow, AVA could benefit as the loyalty and payment token of the ecosystem.
