On May 26, Travala, a prominent crypto travel company, teamed up with 1inch Network platform, a decentralised exchange aggregator, to enhance customers’ travel experiences. The platform is now trying to enhance the utility of 1INCH token holders, which will be possible thanks to the new Travala partnership. Anyone who has a 1INCH token will be able to use it to book any of Travala’s 2.2 million houses and hotels. Travala also has a presence in 230 countries and services over 600 airlines. Holders of 1INCH tokens will have access to a variety of Trevala-supported travel items.
Sergei Kunz, one of the co-founders of the 1inch Network, stated:
“The aggregator’s goal was to achieve high levels of mainstream acceptance for its goods and solutions. As a result, the recent agreement was a “move in the right direction.”
According to Kunz, this agreement will increase the utility of the 1INCH token. It will expose the 1inch network to a larger number of potential consumers. Travala has already incorporated some of the most popular cryptocurrencies, so 1INCH token holders will be able to use the leading crypto-based travel platform as well.
Juan Otero, Travala’s CEO, also weighed in on the situation, saying:
“In continuing our commitment towards mass cryptocurrency adoption, we’re very excited to partner with the 1inch Network to champion the growth of the crypto community and to bring a new use case to 1INCH. The team impressed me with their vision for their business, and I have no doubt that we will see them making waves in the crypto community.”
Through smart improvements, the 1inch Network has been able to grow its ecosystem. It has published a spot price aggregator to access data for assets traded on decentralised exchanges based on blockchain technology (DEXs). The aggregator tool will enable DEXs on various networks such as Avalanche, Polygon, Ethereum, BNB Chain, Optimistic Ethereum, Arbitrum, and Gnosis Chain, as well as perform information-related duties. The network introduced 1inch Earn, a new investment instrument to incentivise liquidity providers, at the start of the year.
