Who missed the code to wealth? Travala, the Web3 "Ctrip" supported by CZ, has risen more than three times
Original title: "Who missed the wealth code again? Web3 "Ctrip" supported by CZ tripled late at night"
Original author: Leek, Foresight News
In the early morning of December 13, the price of a token called AVA rose 300% in one hour, breaking through the $3 mark from around $0.8, setting a record high since October 2021. As of press time, the token was quoted at $2.6, with a 24-hour increase of more than 254%.
What caused the little-known AVA token to soar late at night?
At 11:49 p.m. on December 12, Binance founder and former CEO Zhao Changpeng posted a tweet on the X platform: "We invested in this crypto travel platform before the epidemic and before the crypto winter."

Image from X
And the tweet he forwarded was the project Travala referred to by the AVA token. On December 11, the crypto travel platform Travala announced that its annual revenue exceeded the $100 million annual milestone and announced that its token AVA and Bitcoin would be included in the strategic reserve.
According to Cointelegraph, Juan Otero, co-founder and CEO of the crypto travel platform Travala, said that this milestone reflects a significant increase compared to the platform's $59.6 million in revenue in 2023. He explained that the surge was mainly driven by flight and hotel bookings, and the platform can pay for orders with more than 100 cryptocurrencies.
Travala is a platform that combines blockchain technology and tourism services, aiming to promote the convenience and transparency of global travel through cryptocurrency payments. Its founder is Juan Otero, who held senior positions in several technology companies and startup projects before founding Travala. In 2017, Juan Otero founded Travala, headquartered in the United Kingdom. Its original intention was to transform the travel booking industry through blockchain technology, making travel more convenient, efficient and economical.
Travala has received multiple rounds of financing since its establishment. According to Tracxn data, Travala has raised a total of US$1.62 million through five rounds of seed financing. The largest round of financing occurred on October 29, 2020, with an amount of US$1.25 million. Notable investors include Yellow, an institutional investor based in Thailand, and angel investor Mohammad Maaz. Other rounds of financing were concentrated between 2019 and 2022, with some of the financing amounts not disclosed. And Zhao Changpeng revealed that Binance had also invested in the platform in 2019 or earlier.
Travala's native token AVA was listed on Binance in July 2019, which is one of the important milestones in the development of the project. In addition, AVA is also listed on multiple exchanges, including KuCoin and Gate.io.
Travala has made some progress in the past few years, mainly including:
· Diversification of payment methods: Currently supports more than 90 cryptocurrencies for payment, including Bitcoin, Ethereum and Binance Coin (BNB). In addition, traditional payment methods such as credit cards and PayPal are also supported.
· Product expansion: From the initial hotel booking to the full range of services such as air ticket booking, travel activities and vacation packages, covering more than 220 countries and regions around the world.
· Cooperation with travel giants: Travala has established partnerships with traditional travel giants such as Booking.com and Expedia to provide users with more abundant travel options.
· Community and governance: Launch AVA Staking and Smart Program, users can get rewards by staking AVA and participate in the governance and decision-making of the platform.
· Recovery after the epidemic: Travala launched an innovative "travel points program" after the epidemic to attract users to return to the travel market, and announced that quarterly sales have gradually recovered to pre-epidemic levels.
Cointelegraph quoted its founder Otero as saying that with more resources, Travala expects to recruit new employees and introduce new incentives on its platform, adding: "Treasury funds will be strategically managed; as the crypto ecosystem continues to mature, we hope to be able to use our crypto reserves directly when necessary without conversion."
Travala did not disclose the amount of its Bitcoin and AVA reserves at the time of its launch. But its founder said that as the business and market continue to mature, it may consider introducing other tokens to the treasury in the future.
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Mixin has launched USTD-margined perpetual contracts, bringing derivative trading into the chat scene.
The privacy-focused crypto wallet Mixin announced today the launch of its U-based perpetual contract (a derivative priced in USDT). Unlike traditional exchanges, Mixin has taken a new approach by "liberating" derivative trading from isolated matching engines and embedding it into the instant messaging environment.
Users can directly open positions within the app with leverage of up to 200x, while sharing positions, discussing strategies, and copy trading within private communities. Trading, social interaction, and asset management are integrated into the same interface.
Based on its non-custodial architecture, Mixin has eliminated friction from the traditional onboarding process, allowing users to participate in perpetual contract trading without identity verification.
The trading process has been streamlined into five steps:
· Choose the trading asset
· Select long or short
· Input position size and leverage
· Confirm order details
· Confirm and open the position
The interface provides real-time visualization of price, position, and profit and loss (PnL), allowing users to complete trades without switching between multiple modules.
Mixin has directly integrated social features into the derivative trading environment. Users can create private trading communities and interact around real-time positions:
· End-to-end encrypted private groups supporting up to 1024 members
· End-to-end encrypted voice communication
· One-click position sharing
· One-click trade copying
On the execution side, Mixin aggregates liquidity from multiple sources and accesses decentralized protocol and external market liquidity through a unified trading interface.
By combining social interaction with trade execution, Mixin enables users to collaborate, share, and execute trading strategies instantly within the same environment.
Mixin has also introduced a referral incentive system based on trading behavior:
· Users can join with an invite code
· Up to 60% of trading fees as referral rewards
· Incentive mechanism designed for long-term, sustainable earnings
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Mixin's derivative transactions are built on top of its existing self-custody wallet infrastructure, with core features including:
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· Built-in privacy mechanisms to reduce data exposure
The system aims to strike a balance between transaction efficiency, asset security, and privacy protection.
Against the background of perpetual contracts becoming a mainstream trading tool, Mixin is exploring a different development direction by lowering barriers, enhancing social and privacy attributes.
The platform does not only view transactions as execution actions but positions them as a networked activity: transactions have social attributes, strategies can be shared, and relationships between individuals also become part of the financial system.
Mixin's design is based on a user-initiated, user-controlled model. The platform neither custodies assets nor executes transactions on behalf of users.
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Its core capabilities include:
· Aggregation: integrating multi-chain assets and routing between different transaction paths to simplify user operations
· High liquidity access: connecting to various liquidity sources, including decentralized protocols and external markets
· Decentralization: achieving full user control over assets without relying on custodial intermediaries
· Privacy protection: safeguarding assets and data through MPC, CryptoNote, and end-to-end encrypted communication
Mixin has been in operation for over 8 years, supporting over 40 blockchains and more than 10,000 assets, with a global user base exceeding 10 million and an on-chain self-custodied asset scale of over $1 billion.

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