Travala.com, a recognized leading blockchain-based hotel booking platform is planning to move to the Binance Chain ecosystem. Until now, Travala.com worked using the NEO blockchain for its AVA coin. The decision to change networks aims at improving Travala’s performance and offering better services for users. The information was released in a blog post by Travala on September 3.
Travala.com Moves To Binance Chain
Binance Chain is getting ready to welcome a new blockchain project. Travala.com announced in a recent press release that they are going to migrate their AVA tokens based on the NEO blockchain to the Binance Chain. The main goal is to improve the token economics of its native token, offer faster processing times, better performance and ease of on-chain use of AVA on the platform.
In addition to it, Travala.com will also be working to integrate Binance Coin (BNB) as a preferred payment method for booking travel around the world. They are also going to submit a proposal for listing on the Binance decentralized exchange (Binance DEX).
In the coming weeks, Travala.com will be providing more details about the migration that will take place. Meanwhile, users will be able to trade, deposit and withdraw AVA tokens without any further inconvenience.
The CEO of Travala.com, Matthew Luczynski, commented about it:
“As the world’s leading blockchain-based hotel booking platform, we’re thrilled to support Binance Chain in a common mission to grow the blockchain ecosystem and to promote the adoption of cryptocurrencies globally.”
It is worth mentioning that Trvala.com is also working on a buyback and burn program that will be taking place every single quarter until 35% of the total coins in circulation are removed. This is equal to 21,571,086 AVA. There will only be 40,000,000 AVA available to the public.
Travala is a recognized blockchain travel booking platform that is based on blockchain technology and that operates with over 1,700,000 properties in 230 different countries around the world. At the same time, platform users can pay for their hotels using different cryptocurrencies, including Binance Coin (BNB), Bitcoin (BTC), Litecoin (LTC) or the platform’s own digital asset AVA.
Binance Chain is expanding around the world as well. The cryptocurrency exchange has been working with different projects for them to launch their own services on top of this blockchain network.