Travala is an online platform for hotel and flight bookings, where users can pay using both crypto and traditional payment methods.
Users can lock the Travala token (AVA) to qualify for booking discounts. At the same time, they can also earn rewards from locking up their AVA tokens on the Travala platform.
Higher tiered discounts are offered to users who lock up more AVA tokens.
Travala has a quarterly AVA repurchasing plan, of which 20.00% of total net booking commissions will be used to repurchase and burn AVA from the open market. This repurchasing plan will subsist until the total supply of AVA reaches 40,000,000 AVA.