LockTrip Price (LOC)

Fundamentally Changing the Travel Industry

LockTrip.com is a blockchain-based travel marketplace that allows users to save up to 60% on their bookings by cutting out middlemen and their commissions. It is possible to choose among various payment methods such as credit card, popular cryptocurrencies and the native LOC token to bypass payment fees. LockTrip's stated mission is to make travel more accessible by bringing down prices for the average user.

More than 2.1 Million Hotels & Properties

LockTrip is working with the strongest brands in the travel industry to offer its customers first class inventory around the globe. Thanks to its vast network of partners and its unique reverse-auctioning model, LockTrip is letting brands compete with each other to strip down commissions as much as possible. This ensures that customers are always presented the lowest price possible.

More than 1,000 Airlines to Choose From

With more than 1,000 Airlines to choose from globally, LockTrip is better connected than any other marketplace in the industry. Hotels, Homes & Flights are bookable from within the same marketplace in a one-stop shop solution.

About the LOC Token

LockTrip's business model funnels the entire economy through the LOC token. Each booking made on the marketplace results in 3% of the booking value being used to buy LOC from exchanges and burn them. The process is fully automated and can be verified transparently on the blockchain. The LOC token is powered by the Hydra chain, which unifies the best features of Bitcoin, Ethereum and Qtum chains and introduces additional economic features to its ecosystem.

Deflationary Model

Contrary to most other tokens and coins, the LOC supply is not growing or remains stagnant. Indeed it is shrinking with each booking and it's subsequent burn. This mechanism will continue indefinitely as there is no limit in time or number of LOC to be burnt.