How and Why To Stake Your Travala (AVA) Coins!

in LeoFinance8 days ago (edited)

Since I started shilling ava a few weeks ago, many have asked me if it's worth to stake their coins and if yes, how to do so. Let's start with the how!

First, you are gonna need to make an account over https://www.travala.com/

image.png

Then hit the sign up button on the upper right corner!

image.png

As you can see, you can either make a fresh account or use any of the log in options. Personally, I am using my google account to log in.

And just like that, your Travala account is ready. Before anything else, I'd suggest you to enable 2FA for extra security. Just go to "My Account" -> "Security"

image.png

Ok, now your account is ready and safe! Now, let's stake some coins!

Go to "my account" -> "my wallet" -> "Deposit" to view your onsite wallet address:

image.png

Now, there are 5 levels available for staking on Travala, or as they call it, the SMART program. The higher your level, the more coins and other benefits you get:

image.png

As you can see the APY is 24 %. Half of it comes in the form of AVA coins and the other half in travel credits (USD).

After you buy enough coins for a smart level on an exchange, just send them to your wallet address on the site. Make sure to not fuck up the memo AND the address :P

Then go to "My Account" -> "My Smart", scroll down a bit, choose the smart level of your liking and press activate. I have gone for the smart 5 :)

image.png

And that's it! If you did everything right, in the beginning of each month you will get an email like that:

image.png

Nice!

Can I lock more than 5k coins?

The answer is no! I guess you can bypass that by asking family/friends to make accounts for you but imo this practise is shady and highly discouraged by TRAVALA!

Should I stake my AVA coins?

For me AVA is a long term hodl. Plus, I plan to use their service in the future when the Corona shit is over and their smart program gives some awesome discounts and free coins and free travel credit. So, the answer is easy. If you just want to do a quick trade or something then I guess the answer is no cause it takes 30 days to unstake. FYI, if you unstake you must wait another 30 days to stake again.

And that's it! Feel free to comment if you have any questions!

Posted Using LeoFinance Beta

Sort:  

can i stake and then stake? i dont have enough to buy 5000 now

Yes! You can estake your stake rewards too!

Posted Using LeoFinance Beta

STEAK!!!!

Need to check it out, thanks for the info, it's always good to have options.

Posted Using LeoFinance Beta

I have to check it out. It looks very interesting for me.
Specialy when Corona is over!
Thanks for sharing:)

Posted Using LeoFinance Beta

Just joined:

image.png

Need to check where to get funds for staking now. :)

Posted Using LeoFinance Beta

pamp it

Posted Using LeoFinance Beta

Thank you for info! Maybe I will buy some travla😉

I'm also interested in using TRAVALA after corona goes away or at least they put me on the vacine.

As you can see the APY is 24 %. Half of it comes in the form of AVA coins and the other half in travel credits (USD).

Do you think is possible to travel "for free" with enough staked AVA?

Posted Using LeoFinance Beta

ohhhh yeahhhhhh. give it a year or so !

Posted Using LeoFinance Beta

enable 2FA for extra security.

That's a must. And 30 days unstake is not bad either - we have 13 weeks :)

so you bought? :D

Posted Using LeoFinance Beta

No, not yet !!

Thanks for Sharing process dear. I haven't entered their smart program yet. Looking for some early gains in near future. Cheers

Posted Using LeoFinance Beta

My friend, I am sorry to say this but .... you are not a true shill

4to3fu.jpg

Posted Using LeoFinance Beta

Well I tried to use it to book a hotel room for the weekend and found out it is not yet available here .

Still seems like a great long term investment.

Posted Using LeoFinance Beta

Noice! I will try it!

Posted Using LeoFinance Beta

You can also send me your AVA over 5000.
I still have some space in my smart program :D
We can discuss terms and conditions later haha

Posted Using LeoFinance Beta

no

Posted Using LeoFinance Beta

Cold hearted :(
I had some very attractive plans up to 1% APR for you.

Jokes aside I swear I've seen some AVA staking options in a DeFi project during my explorations but can't find it back ! Still searching...

Posted Using LeoFinance Beta

Hey I found it back !
You can stake your AVA on https://chaosnet.bepswap.com/ with 51.5% APR

Posted Using LeoFinance Beta

If anyone is looking for use cases for the AVA token that linked official blog is a good one.

Put simply, this:

"The AVA asset is at the heart of the Travala.com booking economy, increased bookings and a limited supply will lead to a high demand for the AVA token as the platform expands. For non-tech savvy users they will be using Crypto and not even know it, exactly how adoption should be. Easy to use with a great experience."

So it's basically a travel rewards program on steroids?

The scarcity of reward points (the AVA tokens) make them more valuable and therefore keeps people booking travel through the Travala site to get them?

Which is where the company actually makes its money?

Posted Using LeoFinance Beta

Loading...

ill let @empodedrat cover this, @empoderat , he needs to do his shilling part too!

Posted Using LeoFinance Beta

This is an awesome guide. I will definitely be coming back to it if I pick up some Travala. I have been waiting for the gas fees to drop a little so I can look at doing a swap. Right now it has just been too expensive for the small amount of funds I have to invest.

Posted Using LeoFinance Beta

This could be a very good opportunity with things about to start opening back up. In a year from now these coins and this site could be doing very well!

Posted Using LeoFinance Beta

AVA up 0,5% ... the @trumpman effect ...

I currently stake 1000 and aim for 2500...

lol

Posted Using LeoFinance Beta

Let me wonder... your wallet is this one:

bnb1f5r5amzg7a0fmfwmj6ukjvyksff0d837alyftd

hahah! gotchu!

Posted Using LeoFinance Beta

ok i am a retard. happy? :(

Posted Using LeoFinance Beta

pixresteemer_incognito_angel_mini.png
Bang, I did it again... I just rehived your post!
Week 39 of my contest just started...you can now check the winners of the previous week!
4

@trumpman, Heard about this project on hive blockchain couple of times, travelling is great use case without any doubt. Good wishes from my side and stay blessed.

fuck my life for not having enough money to even buy the first 500 :P

Posted Using LeoFinance Beta

Damn! You're staking well! Traveling after covid?

Posted Using LeoFinance Beta

how much ava equal 1 USD

Posted Using LeoFinance Beta

Man, you are the bomb when it comes to coins. You know every coins and you are making real good cash with them.

I hope to try this out to see how it goes.

Posted Using LeoFinance Beta

yea, this might be a good buy, and with a 36 million Mcap and #258 they have a lot of runway

now that the vaccines are being rolled out I guess travel will pick up slowly as well so they should do well

Posted Using LeoFinance Beta

TRUMPMAN!!!
TRUMPMAN!!!

show me more coins !!!!!!! MOAR!!!!

Posted Using LeoFinance Beta

Not a bad place to get in if I look at the chart, and there is a good chance a utility token like this shoots up when the travel situation is normal again. So no doubt it's a long term hodl.
Do you think staking will be as beneficial for someone who won't be able to make much use of the service itself geographically? Because that would essentially mean an APR of 12%, just the half that's in AVA.

image.png

Posted Using LeoFinance Beta