What is fully diluted valuation (FDV) in cryptocurrency

There are a number of metrics that are used by crypto investors to understand tokenomics of a blockchain. These metrics include Trading Volume, Circulating Supply, Maximum Supply, Market Cap, etc. Another metric that is considered these days is Fully Diluted Valuation (FDV).

FDV can simply be defined as the Market Cap of the project once the maximum number of tokens have been issued by the development team. In other words, it is a method of computing the future market cap of a project.

All the cryptocurrency prices and market capitalization tools like Coingecko, Coinmarketcap shows the fully diluted valuation of a coin.

For example, in the below screenshot you could see the FDV of Filecoin:

FDV can be computed as follows:

FDV = Maximum supply of a token X Current market price of the token

In other words, FDV represents the future market cap of a project once all possible tokens have been issued provided the price of the token remains the same as of today.

How FDV is different from Market Cap?

Market Cap can be termed as the current market value of a blockchain project. This can be computed by multiplying the current price of the token with its circulating supply in the market.

Hence, Market Cap can be calculated as follows:

Market Cap = Circulating supply of a token X Current market price of the token

For Example: Let us consider ADA (the in-house token of the Cardano blockchain) for computation of its Market Cap and Fully Diluted Value (FDV).

  • Current Market Price = USD 1 (the figure has been rounded off for the purpose of simplicity)
  • Circulating Supply = 31,948,309,441
  • Maximum Supply = 45,000,000,000

Therefore,

Market Cap = 31,948,309,441 X USD 1 = USD 31,948,309,441

Fully Diluted Value (FDV) = 45,000,000,000 X USD 1 = USD 45,000,000,000

For more clarity, you may refer to the following table.

Name of the Project Token Name Current Price Circulating Supply Maximum Supply Market Cap Fully Diluted Value (FDV) Market Cap to FDV
A B C D = A X B E = A X C F = D / E
Bitcoin BTC 55,044.71 18,665,687 21,000,000 1,027,447,242,702 1,155,938,814,186 88.88%
Cardano ADA 1.20 31,948,309,441 45,000,000,000 38,403,995,104 54,092,996,154 71.00%
Enjin Coin ENJ 2.32 834,313,757 1,000,000,000 1,932,080,728 2,315,772,349 83.43%
Kyber Network KNC 2.55 205,048,084 226,000,000 522,779,489 576,197,358 90.73%

How reliable FDV is as a valuation parameter?

The basic problem with FDV is that it ignores the possible decrease in the price of a token with the eventual increase in its circulating supply.

This can be understood with the following example:

Suppose there is a token (let us call it ABC) that is valued at USD 100 and the circulating supply is 2 tokens with a maximum supply of 4 tokens.

Market Cap of ABC = 2 Tokens X USD 100 = USD 200

However, FDV will be as follows:

FDV (Future Market Cap) = 4 Tokens X USD 100 = USD 400

Therefore, FDV assumes that additional supply of the concerned token will not affect its price in the market and thus the market cap in the future will increase proportionally to the circulating supply at any given time.

Further, there are many other factors that are ignored by FDV while computing the future market cap of a project which may increase or decrease the value of the platform significantly, such as:

  1. Future developments in the project
  2. Additions or departures from the core development team
  3. Future market relevance of the project
  4. Developments made by the competitors in their respective projects

Therefore, in my understanding, FDV can not be considered a very reliable metric to evaluate a crypto project.

In the coming days I will share more factors that you should consider before you invest in a token. By mixing the FDV and Tokenomics of a coin/token will help you pick a winner.

If you find this guide on FDV useful, then do share it with your friends on Telegram and Twitter.

Harsh Agrawal is the Crypto exchange and bots expert for CoinSutra. He founded CoinSutra in 2016, and one of the industry’s most regarded professional blogger in the fin-tech space.

An award-winning blogger with a track record of 10+ years. He has a background in both finance and technology and holds professional qualifications in Information technology.

An international speaker and author who loves blockchain and crypto world.

After discovering about decentralized finance and with his background of Information technology, he made his mission to help others learn and get started with it via CoinSutra.

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Travala Review – Book Cheap Hotels & Flights with Crypto + More

If not, you are missing out on one of the best cryptocurrency-friendly travel bookings. There are a lot of perks of using Travala such as cashback, cheapest price, and a lot more. And this is not all, Travala offers AVA token which is the native cryptocurrency of the Travala.com platform, offering a staking feature and a SMART program that you will learn about in this detailed review of Travala.

The first time I bumped into Travala was almost one and a half years back, but back then it was not as dynamic as it is not, and it is a good replacement for your existing travel bookings websites like Booking.com, Expedia.com, MakeMyTrip.com, and others. Now the price offered by Travala is at par with other similar non-crypto payment sites, and for crypto netizens, it could be a go-to place for booking travels with cryptocurrency.

What is Travala.com?

Travala is an easy-to-use booking platform combining decentralized technologies & tokenized incentive structures. The Travala.com platform currently offers 2,200,000+ properties covering 90,124 destinations in 230 countries and territories and with prices up to 40% cheaper than mainstream travel booking platforms.

Travala was founded in 2017, and in March 2020 they strategically merged with Travelbybit, which was backed by Binance. At the time of writing, Juan Otero is the CEO of Travala. The company has offices in Australia, Vietnam, and UK.

Now, before we cover about AVA token of Travala, let’s have a look at some features of Travala.

Travala Features:

Easy to use Website:

If you have ever used an online portal for booking hotels, accommodations, or flights, you will have the same or better experience using Travala. The website is fast and offers a great user-experience.

Travala Mobile app:

Travala offers a fully-fledged mobile app that lets you make bookings from the comfort of your mobile phone. However the mobile app only supports the booking of hotels, and flight bookings are not yet available.

Visit Travala website || Download Android App || Download iOS App

Book accommodations & flights with Crypto:

If I have to highlight the single most important feature of Travala, that would be booking of travels using Cryptocurrencies. At the time of writing this Travala review, they support a wide range of cryptocurrencies including Bitcoin, AVA, Ethereum, ADA, BNB, XRP, LTC, and many more. Even if you make a payment via cryptocurrencies, you can get a refund for your cancellations.

Travala (backed by Binance) is also one of the major websites that integrate with Binance pay. Think of Binance pay as PayPal for cryptocurrencies. Watch the below video to learn more about Binance Pay:

Travala cancellation & refund:

I’m pretty sure you are aware that cryptocurrency transactions are irreversible, but with Travala you can get a refund for your cancelled bookings, even if the payment is done in cryptocurrencies including Bitcoin.

According to their website, this is the cancellation refund time:

  • Credit Card / Debit Card payment: Funds may take up to 30 days to appear in your bank account, depending on your bank billing cycle.
  • Crypto payment: The Funds will be sent within 7 days since the cancellation made. The refund will be made in BUSD and will be sent to your wallet in your Travala.com account.
  • Crypto.com Pay: Funds will be sent within 10 days since the cancellation made. You will receive a refund in the cryptocurrency that used to make the payment and the refund amount may differ due to the market’s current price of the cryptocurrency.
  • Travel Credit payment: The refund in travel credits will be sent to Travel Credits Wallet in your Travala.com account.

Loyalty program (Smart member)

Travala offers one of the best loyalty programs in the travel industry, which is available for the AVA token holders. This program is called the Smart program. You can get up to 10% savings on travel bookings and 12% APY bonus rewards.

Smart program offers up to 5% discount off the listed prices together with up to 5% loyalty reward after you have completed your stay. It works on holding a tiered amount of AVA in your wallet. When activated, it applies to hotel and accommodation bookings that have the Smart Icon available. You will also earn bonus rewards of 12% APY just for activating the membership.

There are 5 different levels of Smart program at the time of writing, and every higher tier offers an added advantage.

Travel Credits:

You can buy Travel credits under “My Profile” which can be later used for making payments for your travel. On the booking page, you will find the option to pay with Travel Credits. If the credit is sufficient, just hit the button “Pay with travel credits”. If not, you can pay partially by travel credits and pay the rest with other payment methods including Credit Card, Cryptocurrencies, and wallets. Travel credits are valid for a lifetime and once activated have no expiry date.

Travel gift cards:

You can also buy and gift Travala gift cards to your friends, family, and colleagues. They can further use these gift cards to make bookings via Travala.

There are many more features of Travala.com that make it the best cryptocurrency-friendly travel booking website. However, I let you explore all the other features of your own.

Visit Travala.com

For now, let’s explore the AVA token which is the native cryptocurrency of the Travala platform.

AVA token – Features and where to buy:

AVA is the native cryptocurrencyof Travala platform, and its purpose is to incentivise user to use Travala platform, and enhance user engagement.

  • Total supply: 61,125,269
  • Circulating Supply: 50,998,000
  • BEP2 asset on the Binance Chain and BEP20 asset on Binance Smart Chain

Travala.com’s AVA Repurchasing Plan will take place every quarter until 21,571,086‬ AVA are permanently destroyed. This represents 35% of the total supply (the starting supply is 61,571,086 AVA), reducing the overall total supply to 40,000,000 AVA. The amount of AVA to be repurchased each quarter is determined by Travala.com’s booking activity.

AVA can be used for payments, receiving and redeeming loyalty rewards, refunds, and as a store of value, among several other use cases

There are many practical usages of AVA, which incentives the HODLer’s and also for users who are using Travala.com for travel bookings.

  • Pay for your trip using AVA. Pay the full amount of your accommodation bookings with the AVA token and you will get an extra 3% discount on the total price.
  • Even if you make a payment using a credit card or in any other currency, you will get back 2% of your booking amount in AVA token.
  • Get a bonus reward of 12% of your locked AVA amount per year paid directly to your wallets just for being a member. This program is similar to staking your token.

Travelads and review rewards are coming soon, which will add a more practical use case to AVA token.

Where to buy AVA token from:

AVA token is currently trading on multiple popular exchanges, and some notable once are:

  • Binance: AVA/USDT, AVA/BTC, AVA/BNB, AVA/BUSD Pairs
  • MXC Exchange: AVA/USDT, AVA/ETH
  • Wazirx: AVA/USDT
  • Binance DEX
  • Changenow: For instant swapping, you can use Changenow platform.

Where to Store AVA token:

AVA is BEP-2 Token and can be stored in any wallet that supports the Binance chain.

Here are some popular ways of storing AVA tokens.

  • Travala.com: The best way to store AVA is by staking on Travala platform. This way, you will be earning an extra staking reward. If not, you can always use Travala.com wallet to store your AVA token.
  • Trust Wallet
  • Ledger Hardware Wallet
  • SafePal wallet

Useful resources of Travala:

  • Official Website: Travala.com
  • Twitter: @travalacom
  • Blog: Travala Blog
  • Reddit: @Travala
  • Whitepaper: Travala Whitepaper

Conclusion: Should you be using Travala platform?

Well, Travala seems like a brilliant solution for booking your Travel (Flights, hotels, and more) using Cryptocurrency. However, it is not only limited to cryptocurrency, and also accepts payment via Credit card/debit card which makes it an interesting proposal for a lot of users.

The user base is slowly growing, and Travala is partnering with many platforms including Expedia, Viator, and many others. Overall, for any cryptocurrency users who plan to live on Cryptocurrency or looking for more ways to spend their cryptocurrencies, Travala seems like a great option.

Now, it is your turn to let me know:

  • Have you used Travala to make travel bookings via cryptocurrencies?
  • How was your experience of using Travala?
  • Do you know similar sites as Travala?
  • What’s your overall review of Travala.com?
Travala Review – Book Cheap Hotels & Flights with Crypto + More

If not, you are missing out on one of the best cryptocurrency-friendly travel bookings. There are a lot of perks of using Travala such as cashback, cheapest price, and a lot more. And this is not all, Travala offers AVA token which is the native cryptocurrency of the Travala.com platform, offering a staking feature and a SMART program that you will learn about in this detailed review of Travala.

The first time I bumped into Travala was almost one and a half years back, but back then it was not as dynamic as it is not, and it is a good replacement for your existing travel bookings websites like Booking.com, Expedia.com, MakeMyTrip.com, and others. Now the price offered by Travala is at par with other similar non-crypto payment sites, and for crypto netizens, it could be a go-to place for booking travels with cryptocurrency.

What is Travala.com?

Travala is an easy-to-use booking platform combining decentralized technologies & tokenized incentive structures. The Travala.com platform currently offers 2,200,000+ properties covering 90,124 destinations in 230 countries and territories and with prices up to 40% cheaper than mainstream travel booking platforms.

Travala was founded in 2017, and in March 2020 they strategically merged with Travelbybit, which was backed by Binance. At the time of writing, Juan Otero is the CEO of Travala. The company has offices in Australia, Vietnam, and UK.

Now, before we cover about AVA token of Travala, let’s have a look at some features of Travala.

Travala Features:

Easy to use Website:

If you have ever used an online portal for booking hotels, accommodations, or flights, you will have the same or better experience using Travala. The website is fast and offers a great user-experience.

Travala Mobile app:

Travala offers a fully-fledged mobile app that lets you make bookings from the comfort of your mobile phone. However the mobile app only supports the booking of hotels, and flight bookings are not yet available.

Visit Travala website || Download Android App || Download iOS App

Book accommodations & flights with Crypto:

If I have to highlight the single most important feature of Travala, that would be booking of travels using Cryptocurrencies. At the time of writing this Travala review, they support a wide range of cryptocurrencies including Bitcoin, AVA, Ethereum, ADA, BNB, XRP, LTC, and many more. Even if you make a payment via cryptocurrencies, you can get a refund for your cancellations.

Travala (backed by Binance) is also one of the major websites that integrate with Binance pay. Think of Binance pay as PayPal for cryptocurrencies. Watch the below video to learn more about Binance Pay:

Travala cancellation & refund:

I’m pretty sure you are aware that cryptocurrency transactions are irreversible, but with Travala you can get a refund for your cancelled bookings, even if the payment is done in cryptocurrencies including Bitcoin.

According to their website, this is the cancellation refund time:

  • Credit Card / Debit Card payment: Funds may take up to 30 days to appear in your bank account, depending on your bank billing cycle.
  • Crypto payment: The Funds will be sent within 7 days since the cancellation made. The refund will be made in BUSD and will be sent to your wallet in your Travala.com account.
  • Crypto.com Pay: Funds will be sent within 10 days since the cancellation made. You will receive a refund in the cryptocurrency that used to make the payment and the refund amount may differ due to the market’s current price of the cryptocurrency.
  • Travel Credit payment: The refund in travel credits will be sent to Travel Credits Wallet in your Travala.com account.

Loyalty program (Smart member)

Travala offers one of the best loyalty programs in the travel industry, which is available for the AVA token holders. This program is called the Smart program. You can get up to 10% savings on travel bookings and 12% APY bonus rewards.

Smart program offers up to 5% discount off the listed prices together with up to 5% loyalty reward after you have completed your stay. It works on holding a tiered amount of AVA in your wallet. When activated, it applies to hotel and accommodation bookings that have the Smart Icon available. You will also earn bonus rewards of 12% APY just for activating the membership.

There are 5 different levels of Smart program at the time of writing, and every higher tier offers an added advantage.

Travel Credits:

You can buy Travel credits under “My Profile” which can be later used for making payments for your travel. On the booking page, you will find the option to pay with Travel Credits. If the credit is sufficient, just hit the button “Pay with travel credits”. If not, you can pay partially by travel credits and pay the rest with other payment methods including Credit Card, Cryptocurrencies, and wallets. Travel credits are valid for a lifetime and once activated have no expiry date.

Travel gift cards:

You can also buy and gift Travala gift cards to your friends, family, and colleagues. They can further use these gift cards to make bookings via Travala.

There are many more features of Travala.com that make it the best cryptocurrency-friendly travel booking website. However, I let you explore all the other features of your own.

Visit Travala.com

For now, let’s explore the AVA token which is the native cryptocurrency of the Travala platform.

AVA token – Features and where to buy:

AVA is the native cryptocurrencyof Travala platform, and its purpose is to incentivise user to use Travala platform, and enhance user engagement.

Travala.com’s AVA Repurchasing Plan will take place every quarter until 21,571,086‬ AVA are permanently destroyed. This represents 35% of the total supply (the starting supply is 61,571,086 AVA), reducing the overall total supply to 40,000,000 AVA. The amount of AVA to be repurchased each quarter is determined by Travala.com’s booking activity.

AVA can be used for payments, receiving and redeeming loyalty rewards, refunds, and as a store of value, among several other use cases

There are many practical usages of AVA, which incentives the HODLer’s and also for users who are using Travala.com for travel bookings.

  • Pay for your trip using AVA. Pay the full amount of your accommodation bookings with the AVA token and you will get an extra 3% discount on the total price.
  • Even if you make a payment using a credit card or in any other currency, you will get back 2% of your booking amount in AVA token.
  • Get a bonus reward of 12% of your locked AVA amount per year paid directly to your wallets just for being a member. This program is similar to staking your token.

Travelads and review rewards are coming soon, which will add a more practical use case to AVA token.

Where to buy AVA token from:

AVA token is currently trading on multiple popular exchanges, and some notable once are:

Where to Store AVA token:

AVA is BEP-2 Token and can be stored in any wallet that supports the Binance chain.

Here are some popular ways of storing AVA tokens.

Useful resources of Travala:

Conclusion: Should you be using Travala platform?

Well, Travala seems like a brilliant solution for booking your Travel (Flights, hotels, and more) using Cryptocurrency. However, it is not only limited to cryptocurrency, and also accepts payment via Credit card/debit card which makes it an interesting proposal for a lot of users.

The user base is slowly growing, and Travala is partnering with many platforms including Expedia, Viator, and many others. Overall, for any cryptocurrency users who plan to live on Cryptocurrency or looking for more ways to spend their cryptocurrencies, Travala seems like a great option.

Now, it is your turn to let me know:

  • Have you used Travala to make travel bookings via cryptocurrencies?
  • How was your experience of using Travala?
  • Do you know similar sites as Travala?
  • What’s your overall review of Travala.com?

Let me know your answers in the comment section below.

What is the Wallet Owner (WHO) Offer?

Cryptocurrencies sector is evolving every day and therefore, it is a platform of innovations and conceptually new products. One such new concept is a Wallet Holder Offering (WHO) which has been pioneered by the Safepal Wallet.

Note: Safepal wallet is available as a mobile app and also as a hardware wallet.

Wallet Holder Offering (WHO) is a new model of reward distribution that has been initiated by Safepal wallet to benefit its wallet holders through airdrops in a secure, decentralized, and user-friendly way. WHO is a unique and secure mechanism which has been initiated to pluck inefficiencies with the traditional airdrop campaigns.

In the past, airdrops have resulted in unfair distribution of tokens towards whales or cheaters, failing the legitimate users who actually use and support the projects. Thus, a WHO aims to make sure that the rewards are placed in the right hands. WHO works as a bridge between wallet users and blockchain projects. Users can learn and engage with the new crypto projects and these blockchain projects can gain valuable community feedback from a large and active user base.

In simple words, WHO is a better and well thought Airdrop mechanism.

Benefits of WHO for Blockchain Projects

For the participating blockchain projects, WHO presents a great way for an immediate user base, real engagement in product usage, and feedback. The project team can create awareness amongst the public and develop a strong social following simultaneously.

Not only this, the project team can engage and educate users along with rewarding and aligning user interest in its project. Due to active and wide user involvement in the initial stages of a project, there will be a wide and fair distribution of tokens and thus, will help with prevention of whales taking over the project.

Tasks that will be assigned in the WHO are meant for educational purposes, to educate users on how to use project tools, platforms and ecosystems. Thus, rewarding the project team in driving real product utility, usage and higher quality of supporters

A WHO may lead to substantial savings in the capital expenditure towards the marketing funnels. The project team will be able to save time and effort towards administrative and marketing efforts and focus more on the project development.

Benefits of WHO for the wallet users

Not only for a blockchain project, the WHO would be very beneficial for the respective wallet users.

A user will get an opportunity to “Earn via Learn”, i.e.the wallet users will earn airdrops via the learning process where he or she will use the respective blockchain project and provide their feedback. Further, complexities in the traditional reward distribution mechanism will be simplified.

Finally, by using renowned and secure wallets, users will be saved from falling prey to any scammy activities.

Currently available WHO

Safepal has initiated its first WHO in partnership with Tokocrypto. Tokocrypto is Indonesia’s leading crypto asset exchange. Further, it is invested and backed up of by Binance (the leading crypto exchange in the world)

For more information on this WHO refer here.

Thus, WHO will help the crypto community in a better development of the project know how and align the process of learning with earning.

What is Wallet Holder Offering (WHO) ?

Cryptocurrencies sector is evolving every day and therefore, it is a platform of innovations and conceptually new products. One such new concept is a Wallet Holder Offering (WHO) which has been pioneered by the Safepal Wallet.

Note: Safepal wallet is available as a mobile app and also as a hardware wallet.

Wallet Holder Offering (WHO) is a new model of reward distribution that has been initiated by Safepal wallet to benefit its wallet holders through airdrops in a secure, decentralized, and user-friendly way. WHO is a unique and secure mechanism which has been initiated to pluck inefficiencies with the traditional airdrop campaigns.

In the past, airdrops have resulted in unfair distribution of tokens towards whales or cheaters, failing the legitimate users who actually use and support the projects. Thus, a WHO aims to make sure that the rewards are placed in the right hands. WHO works as a bridge between wallet users and blockchain projects. Users can learn and engage with the new crypto projects and these blockchain projects can gain valuable community feedback from a large and active user base.

In simple words, WHO is a better and well thought Airdrop mechanism.

Benefits of WHO for Blockchain Projects

For the participating blockchain projects, WHO presents a great way for an immediate user base, real engagement in product usage, and feedback. The project team can create awareness amongst the public and develop a strong social following simultaneously.

Not only this, the project team can engage and educate users along with rewarding and aligning user interest in its project. Due to active and wide user involvement in the initial stages of a project, there will be a wide and fair distribution of tokens and thus, will help with prevention of whales taking over the project.

Tasks that will be assigned in the WHO are meant for educational purposes, to educate users on how to use project tools, platforms and ecosystems. Thus, rewarding the project team in driving real product utility, usage and higher quality of supporters

A WHO may lead to substantial savings in the capital expenditure towards the marketing funnels. The project team will be able to save time and effort towards administrative and marketing efforts and focus more on the project development.

Benefits of WHO for the wallet users

Not only for a blockchain project, the WHO would be very beneficial for the respective wallet users.

A user will get an opportunity to “Earn via Learn”, i.e.the wallet users will earn airdrops via the learning process where he or she will use the respective blockchain project and provide their feedback. Further, complexities in the traditional reward distribution mechanism will be simplified.

Finally, by using renowned and secure wallets, users will be saved from falling prey to any scammy activities.

Currently available WHO

Safepal has initiated its first WHO in partnership with Tokocrypto. Tokocrypto is Indonesia’s leading crypto asset exchange. Further, it is invested and backed up of by Binance (the leading crypto exchange in the world)

For more information on this WHO refer here.

Thus, WHO will help the crypto community in a better development of the project know how and align the process of learning with earning.

Please note that Wallet Holder Offering (WHO) is different from Initial Wallet Offering (IWO).