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High Project Potential: $500 Billion Industry
Low Total Hard Cap: 32,000 ETH (approx. $9,000,000)
Token type: Utility token, ERC20-compliant
Token liquidity: High
Presale Date: 03-Oct-2017 until 29-Oct-2017
Presale Price: 1 ETH = 1000 LOC
Presale Bonus: 33%
Sold (19-Oct-2017): 4200+ ETH
Token Generation Date: 29-Oct-2017 until 30-Nov-2017
Token Generation Price: 1 ETH = 750–650 LOC
Wings DAO Median Forecast: 35812 ETH
Community (19-Oct-2017): 14,747 members
Registered website users: 6,339
Social Interest Total: 8,408 community members
How it works visualised https://lockchain.co/diagram.jpg
Lockchain is a combination of two projects in one. On one hand we have a decentralized bookings engine, to which any applications can connect, and on the other hand we have a marketplace application which is providing user friendly accommodation booking services. Because the decentralized engine will not collect any commissions, the prices have the potential to be up to 20% and 30% lower than the current established sites.
· To provide a new kind of supply instead of competing directly with the giants — Priceline, Booking.com, Airbnb etc.
· Our focus is not so much on the profit rather on building a disruptive business. In the worst case to be at break even so that it’ll keep existing and to grow as a market share. Market share is not equal to profitability, according to our philosophy.
· To give back value to the end user. The velocity of the service can and should be a growth agent for the token value. We, as founders, have a bigger incentive to grow namely the token value rather than making a super profitable company.
Our native LOC token now costs approx. €0.25. If it goes up to €50, that’s a 200 times increase in price. This increase offsets any potentially lost profits from the revenue of the market operstions.
As long as we have 15–20% lower retail prices, we believe the LOC value will increase even further in terms of market share due to the price sensitivity of the segment.
The platform’s official road map, development milestones and deadlines are met.