LOC Token’s Tokensale Success

While regulations on ICO’s are tightening the blockchain market has taken a dive in the last month. Several blockchain companies are writing off their losses as they’re preparing themselves for a year full on uncertain factors. While projects with no real investment value are struggling, Lockchain is definitely a project you should keep your focus on in 2018. The LOC token has been up almost 400% since the ICO, maintaining a relatively stable course and outperforming the total blockchain marketcap. Have a look at the LOC token performance.

Book a hotel or property on the go with Lockchain. Copyright Lockchain Ltd / Twitter.

By developing a “Hotel Booking & Vacation Rental marketplace With 0% Commissions”, we are the first to offer a blockchain powered solution to the Online Travel Agencies (OTA) market. This market, valued at 500 billion USD in 2017 and running up to 1 trillion USD by 2022, is an extremely large and fast growing environment currently dominated by sites such as Booking and AirBNB. Where commissions on these platforms can go as high as 20 to 35%, Lockchain can cut down these commissions to 0%! Let’s take that claim and see the results for some live marketplace listings. See this cozy property listed in Greater London, United Kingdom, listed on AirBNB for $318. Same location, same date, only $227 on Lockchain! Let’s pick another random one that are the same date and in the same region. on the Lockchain market $489, while the same listing on AirBNB is $570. It’s clear the potential for Lockchain to be the freshly new, cheap and desirable online travel agency is great. With a savings of 28% on the first property, and 14% on the second, we’re keeping up to our promise in offering a far cheaper alternative to travelers than our competitors. Lockchain doesn’t just stop with properties, it’s also penetrating the hotel booking marketplace. With incredible strategic partnerships we’ve secured over 100.000 hotel listings for our platform in just the first year of operations and growing!

Not only is the success and developments of Lockchain impressive, the background of the team is impressive as well. There’s a lot of technical expertise in the team with the founders having experience in several large projects such as developing bitcoin7, XS software and Software University. One of the founders, Hristo Tenchev, has been listed in Forbes Magazine not once but twice! You can check out the Forbes Magazine International 2016’s article 30 under 30 here, and see the image below for his presence in Bulgaria’s Forbes Magazine 2018.

Asking how Lockchain achieved all of this Nikola Alexandrov, the CEO & Co-Founder, answered me: “Funneling talent from other projects and businesses we have, we’ve been able to develop a great team throughout the years “. This seems to be on point: With a team of 14 developers and several industry and non-industry specialised top and middle-level managers calling Lockchain’s team ‘great’ is a modest way to put it.

The Beta release of our product is scheduled to roll out in March, being offered publicly to the consumer market. Investors can find the LOC token is available on 5 exchanges already — HitBTC,Gatecoin, Mercatox, Etherdelta and YoBit. With the relatively low price and the official launch coming soon, now is the time to buy! As for the travelers get yourself ready, a new booking platform is coming to town enabling you to travel cheaper than ever! You should definitely have a look at our current alpha product, which can be found here.