Hi
I’m wondering if anyone has any thoughts on Lockchain?
Lockchain is the First Hotel Booking & Vacation Rental Marketplace With 0% Commission.
So this is an erc20-token with only 9,292,966 circulating supply and 18,585,933 in total supply.
The ico price in pre-sale was 1 eth = 1000 LOC, while main sale you got 750 LOC. The average in usd was 0.45$, AS of now the price is 2.8$, but the market CAP is still only 25 million.
To start with they want to attack the hotel industri, wich is a 500 bilion market. But on the lockchain platform they could also implement a marketplace for the aero industry, wich is a 800 bilion market. They could implement many more things of course, this was just an example.
So how do LOC increase in price?
If someone was to do a booking now, and they book for a 1 week stay, 2 weeks from now, the LOC token would be locked in the smart contract for 3 weeks. This will be LOC tokens that is removed from the selling market. AS demand is increasing, LOC will increase in value aswell. Users of the marketplace can pay in Fiat or LOC tokens. If the sier decide to pay in Fiat, the Fiat would then be changed to LOC through the open market.
The team
Looks really good! They Are really transparent on everything. All the members Are also found on their Telegram and always answer all of our questions. Marketing is starting soon, and with a CEO wich is an digital marketing expert this should be really good.
They also have a working product in their alpha marketplace, and the beta is expected to be read in Q1
Disclosure: i did invest in LOC during the ico. But i really believe this is one of the best project out there to bring even the most sceptical person to start using cryptocurrency.
I would appreciate if anyone has any thoughts on lockchain and the project, and give some Feedback. And Im Sorry for my broken english
