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LockTrip (LOC) is the 2827th largest cryptocurrency in the world by market cap, valued at $14,001,155. The current price of LockTrip is $0.873672624, which is 6.762% higher than yesterday. Prices have ranged between $0.856953 and $0.81394 over the past 24 hours. All prices are listed in US dollars and accurate as of February 03, 2023 08:02 UTC.
LockTrip is a blockchain-based travel marketplace that allows users to search and book hotel rooms all across the world by eliminating middlemen. Users can book hotels at an average 20% cheaper rate than leading travel booking marketplaces including Airbnb, Booking.com.
It also allows users to book flights which on average are 5% cheaper than other competitors in the market. The underlying objective of the project is to improve transparency and efficiency and give back control of prices to hotels through its distributed database marketplace. This will enable travel agencies to effectively source inventory without having to pay a commission or fees. It also reduces the costs for all parties involved as both the marketplace and distributed database operate at zero commission. The platform's native utility token, LOC, is of vital importance to the project and customers can use LOC tokens to make payments for their bookings for which they are heavily incentivized by the platform. The token allows to achieve the goal of zero commission on transactions and plays the role of a utility token. Hence, it is essential to hold LOC for anyone looking to use the platform.
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
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