Today, one of the leading cryptocurrency exchange markets in the world is proudly announcing its successful listing of another promising token, LOC, which is the transaction currency of Locktrip project. Locktrip is a blockchain based decentralized platform focusing on solving the issue of rental bookings.
Deposits are now immediately in effect with trading partners such as LOC/BTC and LOC/ETH. Buying starts at 19:30 UTC+8 and Selling/Withdrawal at 20:00 UTC+8.
LockTrip is a decentralized, open source bookings eco-system for renting hotel rooms, private properties or accommodation, the decentralized LOC Ledger. LockTrip is the first system which allows end customers and property owners to administer with each other on the platform without any charge or commission. LockTrip.com, which will be the first marketplace that will connect with the decentralized engine. The decentralized system will hold the LOC booking ledger which will be the core of the engine.
The existing platforms like Booking.com, Airbnb.com, Expedia.com are presently centralized and take fees from the property owner and the end customer. Additional intermediaries are the payment processors. All listings and deal parameters on LockTrip will be decentralized on the Ethereum blockchain, eliminating all middlemen and guaranteeing transparent execution.
The LOC Token and Usages
It is the static component of LockTrip. As the utility token, it grants access to the LOC Ledger. If anyone purchases LOC token, they initiate the complete service capabilities of the decentralized booking marketplace. It will assist customers to reserve accommodation and hotels, rental properties or have other related services. Owners can accept this form of the token as the client’s payment. They can perform withdrawal of those on the LockTrip.com marketplace and other platform associated to it. Other currencies in the form of fiat and crypto are accepted but may have 1% – 3% charges.
To know more, click here.