TRVL

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Discover TRVL's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is TRVL?

TRVL (TRVL) is the native utility and governance token of the Dtravel ecosystem, a peer-to-peer vacation rental platform built on the Nite Protocol. It incentivizes growth, enhances user experience, and provides stakeholders with equal opportunities to participate in governance and voting processes. TRVL can be used for payments, earning rewards, and accessing premium memberships and partner services within the Dtravel ecosystem.

How is TRVL used?

The crypto TRVL (TRVL) is the utility and governance token of the Dtravel ecosystem, which aims to empower ownership in travel. It serves several purposes within the ecosystem:

  1. Payment Option: TRVL can be used as a payment method for bookings and home rentals, offering cashback opportunities of up to 25% of the total fee.

  2. Performance Reward: TRVL is used to incentivize hosts who rent out their properties and receive payment in Dtravel’s native currency, offering rewards in the same range.

  3. Community Currency: TRVL is used to reward participants in the ecosystem for their loyalty and contributions to the community’s growth. This includes listing properties and referring other interested parties.

  1. Governance Token: TRVL holders have governance rights, allowing them to submit proposals or vote on existing ones depending on the number of TRVL coins they hold. This token is also used as a protection mechanism for hosts in case of property damage, with a dedicated pool of $1 million for this purpose.

  2. Staking: TRVL holders can stake their tokens in vaults with various lock-up conditions on both Ethereum and Binance Smart Chain, earning additional TRVL rewards.

  3. Unlocking Features: Holding TRVL unlocks new products and features within the Dtravel ecosystem, enhancing the travel experience and empowering ownership in the future of travel.

Overall, TRVL plays a central role in facilitating transactions, incentivizing participation, and governing the decentralized travel ecosystem of Dtravel.

How do I store TRVL?

To store TRVL (TRVL) tokens safely, follow these best practices:

  1. Choose a Wallet: Select a reliable wallet that supports TRVL tokens. You can opt for a hardware wallet (cold wallet) for the majority of your holdings, which provides the highest level of security. For smaller amounts and easy access, use a hot wallet.

  2. Record Recovery Phrases: Physically record the recovery phrases for your crypto wallets. Write them down or use steel tools designed for recording crypto recovery phrases. Store these phrases in a secure location that only you can access.

  3. Secure Storage: Never share your crypto wallet's recovery phrase or private keys with anyone, and don't save them to your computer.

  1. Multiple Wallets: Consider using multiple wallets to diversify your storage options. This can include a hardware wallet, a hot wallet, and even a physical (paper) wallet for offline storage.

  2. Keep Recovery Phrases Safe: Ensure that your recovery phrases are stored securely and are not accessible to others. Losing access to your crypto can result in permanent loss, as seen with lost Bitcoin.

By following these steps, you can ensure the safe storage of your TRVL tokens and minimize the risk of loss or unauthorized access.

How to buy TRVL?

To buy TRVL tokens, follow these steps:

  1. Choose a Platform: Select a reliable cryptocurrency exchange that supports TRVL, such as MEXC or KuCoin.

  2. Create an Account: If you don't already have an account on the chosen platform, create one by following the registration process.

  3. Deposit Funds: Deposit the necessary funds to purchase TRVL tokens. This can be done using various payment methods, depending on the exchange.

  1. Navigate to TRVL: Find the TRVL token on the exchange's platform and click on it to access the purchase page.

  2. Set Purchase Details: Enter the amount of TRVL tokens you want to buy and review the transaction details.

  3. Confirm Purchase: Click the "Buy TRVL" or equivalent button to complete the transaction.

  1. Store Your Tokens: Ensure you have a secure wallet to store your newly purchased TRVL tokens.

By following these steps, you can successfully buy TRVL tokens and participate in the Dtravel ecosystem.

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History of TRVL

The history of TRVL (TRVL) is closely tied to its role in the web3 travel ecosystem. TRVL is the native token of Dtravel, a peer-to-peer vacation rental ecosystem built on the Nite Protocol. This ecosystem aims to eliminate the need for centralized marketplaces and solve issues related to connectivity, trust, and distribution in global travel.

The TRVL token serves as an incentive to accelerate Dtravel's growth and enhance the experience of holders within the ecosystem. It is used by vacation rental operators to launch their own booking sites and activate on-chain listings. Travelers can find and book vacation rentals directly with operators through Dtravel's innovative discovery engine called Sensei AI. Both operators and travelers can earn TRVL by completing peer-to-peer bookings and growing Dtravel's distributed network of listings.

The utility of the TRVL token is founded on three pillars, which are not explicitly stated but are likely related to its role in facilitating transactions and interactions within the Dtravel ecosystem. The token's performance can be tracked through historical price charts and data, which help investors understand its potential and determine upcoming trends.

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How TRVL works

The TRVL token is the native cryptocurrency of the Dtravel ecosystem, a decentralized home-sharing platform. It operates on both the Ethereum and Binance Smart Chain blockchains. Here's how it works:

Governance and Voting

TRVL is a governance token, allowing holders to participate in the decision-making process of the Dtravel platform. Token holders can submit proposals or vote on existing ones, influencing the platform's future development. The more TRVL tokens a user holds, the greater their voting power.

Payments and Incentives

TRVL can be used as a payment method for bookings on the platform. When used for payments, users can receive cashback rewards of up to 25% of the total fee. Hosts who accept TRVL as payment also receive incentives in the same range. Additionally, users can earn rewards for listing properties and referring others to the platform.

Staking and Rewards

TRVL is not minable like Bitcoin, but holders can stake it to earn rewards. The official staking platform, TRVL Earn, offers various lock-up periods ranging from 30 days to 730 days. The longer the lock-up period, the higher the Annual Percentage Rate (APR) of the rewards, which can reach up to 75% for the 24-month variant.

Protection Mechanism

A portion of the community treasury is allocated to a protection pool, which provides hosts with financial protection in case of property damage. This pool is funded by a portion of the fees collected by the platform.

Premium NFTs and Benefits

Early adopters can receive Premium NFTs, which offer additional benefits such as higher cashback rates, specialized travel experiences, VIP status, and token airdrops. These NFTs can be traded or resold on third-party marketplaces.

Tokenomics

The total supply of TRVL tokens is 1 billion. The distribution includes allocations to the community treasury, community growth fund, foundation reserve, core contributors, advisors, seed sale, and strategic sales. This ensures a fair distribution of tokens among stakeholders.

Trading and Storage

TRVL tokens can be purchased on various exchanges, including Binance and Nexo. Users can store their TRVL tokens in compatible wallets, ensuring secure management of their assets.

Overall, the TRVL token plays a central role in the Dtravel ecosystem, facilitating governance, payments, and rewards while promoting community engagement and growth.

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TRVL's strengths

The token TRVL (TRVL) has several strengths that make it a promising cryptocurrency in the web3 travel ecosystem:

  1. Seamless Interaction: TRVL is designed to be the web3 travel token, allowing users to interact with all web3 travel applications seamlessly. This vision aims to create a unified and integrated travel experience across various platforms.

  2. Dtravel Ecosystem: As the flagship product within the TRVL ecosystem, Dtravel offers core use cases for the TRVL token. This includes payment discounts, access to the platform, loyalty points, and enabling additional features like insurance and platform improvements.

  3. Governance and Utility: TRVL is both a utility and governance token. It empowers users to take ownership of their travel activities and use of the Dtravel platform. Token holders can vote on initiatives and shape the platform's future, making it a community-owned and governed project.

  1. Multi-Chain Compatibility: TRVL operates on both Ethereum and Binance Smart Chain, providing flexibility and broadening its reach.

  2. Rewards and Incentives: Users can earn TRVL through various means, such as booking and renting properties, referring others, and participating in the community. This encourages loyalty and growth within the ecosystem.

  3. Protection Mechanism: TRVL is used as a protection mechanism for hosts in case of property damage, with a dedicated pool of $1 million for this purpose.

  1. Wide Availability: TRVL can be purchased and traded on multiple exchanges, including MEXC, Gate.io, Kucoin, ByBit, Uniswap, and PancakeSwap, making it easily accessible to investors.

These strengths position TRVL as a robust and versatile token, well-suited to revolutionize the web3 travel ecosystem.

TRVL's risks

TRVL (TRVL), a cryptocurrency project, faces several financial risks that can impact its value and stability. These risks include:

  1. Market Volatility: Cryptocurrency markets are known for their high volatility, which can lead to significant price fluctuations. This volatility can result in substantial losses for investors if the market moves against them.

  2. Regulatory Uncertainty: The regulatory environment for cryptocurrencies is still evolving and often unclear. Changes in regulations or laws can negatively impact TRVL's value and usability.

  3. Security Risks: As with any digital asset, TRVL is vulnerable to cyber attacks and data breaches. If the project's security is compromised, investors may lose their assets, leading to financial losses.

  1. Liquidity Risks: If there is low liquidity in the market, investors may struggle to buy or sell TRVL quickly enough or at a favorable price, leading to financial losses.

  2. Competition Risks: The cryptocurrency market is highly competitive, with many projects vying for investor attention. If TRVL fails to differentiate itself or keep up with competitors, its value may decline.

  3. Reputation Risks: Any negative publicity or scandals associated with TRVL can damage its reputation and lead to a decline in value.

  1. Operational Risks: Technical issues, such as network congestion or smart contract bugs, can disrupt the functioning of TRVL and lead to financial losses for investors.

  2. Investor Sentiment: Changes in investor sentiment, such as a loss of confidence in the project, can lead to a decline in TRVL's value.

These financial risks highlight the importance of thorough research and due diligence before investing in TRVL or any other cryptocurrency project.

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Did TRVL raise funds?

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TRVL’s team

  • Genesys Partners: The team behind Dtravel includes experienced professionals from the travel industry and former executives of companies such as Booking.com, Travala, Airbnb, Expedia, and others. Notable contributors and advisors include Sicco Behrens (Booking.com cofounder) and DeFi engineer Andre Cronje. Other key members include Nigel Da Costa (Business Development Lead), Cynthia Huang (Growth Lead), Quinn Hubertz (Product Lead), Thai Nguyen (Technology Lead), and Charles Aufmann (Design Lead).

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