Introduction
Hello everyone, this is Ferris from the Travala team - the biggest web3 online travel agency. We are looking to integrate $FRAX via ERC20 onto Travala as a means of booking method for flights, hotels and activities all across the world.
Background
Travala is partnered with Binance, Crypto.com, Solana, Ton and sees about 300k bookings per month. It would be great that people can make bookings to 3 million flights/hotels/activities to over 230 destinations with $FRAX.
Integration of $FRAX proposal
Integration of $FRAX token as payment method. This gives tangible utility for $FRAX
Social media post/announcement on X and tg + AMA on X with $1,000 travel credit giveaway
Dedicated landing page for Frax on Travala to direct traffic to Frax and vice-versa
20k worth of travel vouchers to the Frax community. Frax can choose how to allocate this giveaway - Travala will support this campaign
Requirements
Budget we are looking for : 60k usdt - one time payment only
Integration timeline: 3-4 weeks
If Travala is seeing 300k bookings per month, why is Travala coming to the Frax governance forum asking for a $40k payment? Is this what Travala BD has slouched to? 3-4 weeks is also a crazy long amount of time to onboard what should be a simple ERC-20 token onboarding.
I was directed here from the team to make a proposal here since it involves fees. There’s always cost to value. The fees are used to support our ongoing efforts to partner with major hotel chains and airlines. Strong utility for travel is our proposition here which is very much a plus point for Frax as a payment method to 230+ main travel destinations across 3 million hotels/flights/main activities.
As for the duration, it will be amended to 1 week as we will prioritise Frax.
I support this proposal. Travala is a reputable travel site using crypto and having Frax(FrxUSD)onboard will give Frax(FrxUSD) more exposure to wider audiences. 60k one time fee is a small fee to pay in the grand scheme of things.
Interesting, somebody explained me about travala this past week. What advantage will have direct payment with frxUSD vs integration with crypto-fiat credit cards?
I can’t say for all but most credit cards will have added fees when making payments
The main benefit for this movement will be:
-added utility for $FRAX
-no added fees when paying with $FRAX
-no credit/debit card needed when booking on our platform
Once checked out, price is locked for 30mins for booking payment. 0 card info needed, only a wallet transfer on-chain. Super fast and efficient check out.
Btw our telegram channel @travala shows real time bookings with the method of payments by all our users
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If Travala is seeing 300k bookings per month, why is Travala coming to the Frax governance forum asking for a $40k payment? Is this what Travala BD has slouched to? 3-4 weeks is also a crazy long amount of time to onboard what should be a simple ERC-20 token onboarding.
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Hello @ 69420
I get your frustration. It does seem odd for a company with that many bookings to be asking for a relatively small payment like $40k. It raises questions about their current financial strategy or perhaps their business development team’s effectiveness.
As for the onboarding time for an ERC-20 token, it could be due to various factors, such as regulatory compliance, technical integration, or even internal processes that might not be as streamlined as they should be. It’s definitely worth discussing in the governance forum to get more clarity on their approach and what’s causing the delays.
