A declaration has been made by 1inch Network to collaborate with Travala (a prominent crypto travel site that is supported by Binance). With this collaboration, Travala will incorporate the 1inch token into its list of supported payment means to operate on the venue.
1inch & Travala Partner Up
1inch network is known as a venue that aggregates decentralized exchanges. The company is at present pursuing to have an expansion in the utility for the holders of 1inch tokens which will be permitted via the exclusive contract with Travala. Binance supports the Travala venue and it is considered to be the most famous among the travel websites that have a close linkage with the crypto world.
With this deal, even the common people (who possess a 1INCH token) will be permitted to utilize it to avail services of more than 2.2M hotels and homes that are registered with Travala. The venue additionally backs up to 600 airlines along with having its offices in two hundred and thirty countries. The holders of 1INCH token will additionally be capable of reaching a broad series of travel-related goods backed by Travala.
Sergei Kunz, 1inch Network’s co-founder, disclosed that the target of the aggregator had been to obtain mass adoption in terms of the solutions and products that it provides. Thus, the recent collaboration counted to be a move ahead to turn this into a reality.
As noted by Kunz, it will additionally deliver exposure to the network consumers who have more potential. Travala has in advance incorporated a few of the biggest cryptos, and the holders of 1inch tokens will not be prohibited from utilizing the well-known crypto-based venue for travel.
Juan Otero, the Travala CEO, moved on to provide remarks on the respective development, revealing that in the continuation of their pledge regarding broad-level crypto adoption, they are very much thrilled to have the 1inch Network as their partner to achieve handsome progress in the crypto community along with introducing some exclusive use cases of 1INCH. The executive was of the view that he was swayed by the vision of the team for business and he is confident that the crypto community would provide a positive response to their adoption.
1inch Network’s Advancements
Some strategic developments have been carried out by 1inch Network to grow the ecosystem thereof. It was witnessed recently that the network brought to the front an aggregator for spot prices to reach data dealing with the assets that are traded by the DEXs (decentralized exchanges) throughout the blockchain. The responsibility of the aggregator instrument is to perform actions that are linked to information.
Apart from this, it will deliver support for the decentralized exchanges on the other networks taking into account Gnosis Chain, Arbitrum, Optimistic Ethereum, Polygon, BNB Chain, as well as Ethereum. At the beginning of this year, the network made another announcement, and as a result, introduced 1inch Earn (a unique tool for investments). The purpose of launching the very instrument was to provide incentives to the liquidity providers.