AVA (Travala)
Crypto Overview
Purpose and Utility
AVA is the native cryptocurrency of Travala.com, a blockchain-based travel booking platform. The token serves multiple utilities within the ecosystem: governance voting rights, booking discounts, loyalty rewards, and payment for travel services.
Business Model Analysis
Travala.com operates as a legitimate travel booking platform, partnering with major providers like Expedia and Booking.com. The business model is straightforward and halal-compliant: facilitating travel bookings and rewarding users with AVA tokens. There are no interest-bearing mechanisms or gambling elements in the core business model.
Real-World Adoption
Travala.com reports consistent booking volumes and has established partnerships with major travel providers. The platform accepts various cryptocurrencies for payment, with AVA token being integrated into their Smart program which provides travel discounts and rewards.
Development Activity
The platform shows regular updates and improvements to its booking system and token utility features. The development team maintains active communication through regular updates and transparent reporting of business metrics.
Token Distribution
The total supply of AVA is capped at 61.57 million tokens. The distribution includes allocations for the team and development fund, with vesting periods in place to prevent immediate selling. The project demonstrates transparency in token economics and distribution.
Additional Considerations
The primary use case of facilitating travel bookings aligns with Islamic principles. The platform does not engage in interest-based lending or gambling activities. The loyalty program and discount mechanism represent real utility rather than speculative features.
Crypto Impact
To assign a comfort level investing in AVA (Travala) from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to AVA (Travala).
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.