LockTrip $LOC

LockTrip is a revolutionary travel marketplace powered by blockchain technology. The platform aims to disrupt the travel industry, offering savings of up to 60% on bookings by eliminating middlemen and their associated fees. Payments can be made via various methods, including credit cards, cryptocurrencies, and the native LOC token, allowing users to avoid payment fees.

Extensive Inventory of Hotels and Properties

LockTrip collaborates with leading brands in the travel industry to offer a premium inventory of over 2.1 million hotels and properties worldwide. Leveraging a vast network of partners, the platform not only meets customer demands but also instigates competition among top-tier brands. A unique reverse-auctioning model ensures customers always receive the best possible prices.

Impressive Airline Network

LockTrip boasts a global network of more than 1,000 airlines, positioning it as a leading marketplace in the industry. The platform allows customers to effortlessly book both flights and hotels as part of a convenient one-stop-shop solution.

The LOC Token and its Unique Ecosystem

The LOC token is integral to LockTrip's functioning, with the entire economy of the platform channeled through it. Every booking made on the marketplace prompts the use of 3% of the booking value to purchase and subsequently burn LOC from exchanges. This mechanism is entirely automated, offering transparent verification on the blockchain.

Deflationary Model

Unlike most other cryptocurrencies, the supply of LOC is designed to decrease over time. Each booking made results in a burn of tokens, causing a constant contraction in the token's supply. This deflationary mechanism will continue indefinitely, given there is no set limit to the number of LOC tokens that can be burned.

Powered by the Hydra Chain

LockTrip's operations are powered by the Hydra chain, a superior blockchain technology drawn from the best features of Bitcoin, Ethereum, and Qtum chains. This ensures that the platform operates using cutting-edge technology and offers unique economic features to its users.