July Burn Report
We recently promised that a share of 2.5% from all flight bookings will be used to buy and burn LOC.
The first burn event happened a month ago, where we burnt a total of 142 LOC for the three months of the second quarter. Proof of the burn and details to it can be found in the link below.
Now we are adding 68 more LOC to the total, based on the flight bookings we received in July. You can verify the transaction below:
https://etherscan.io/tx/0x387bf8f0d5db4dc5ced99f41d28068fc4be68bf663e7e8e7f05963e4350f213e
This brings the new total to 210 LOC.
All LOC are bought over HitBTC prior to being sent to the target address 0x0000000000000000000000000000000000000000, which is known as a burning address across the industry. Any funds ending up there can be considered as removed from the total supply forever.
LockTrip is the first marketplace with 0% commission where you can save on average 20% on your hotel and rental bookings compared to anywhere else. Read how to buy LOC tokens here!
