Locktrip (LOC) utility & comparison with other projects

  •  
  •  
  • Circulating Supply
  • Total Supply
  • Comission on bookings
  • Booking value locked up in smart contract
  • Premium features paid with token
  • Marketplace
  • Hotels
  • Vacation rentals
  • Flight tickets
  • Decentralized database / API for other website
    Other marketplaces can connect to our DAPP and take advantage of our inventory for free. All bookings going through those marketplaces will also be paid with LOC tokens.
  • Fiat integration
  • Pay with token
  • Own blockchain
  • Staking
  • Token burn with every transaction
    LOC are being burnt at protocol level for each transaction being made on our PoS blockchain (the burning rate can be voted on)
  • Cashback on bookings
  • Special discounts with token
  • Promotion
  • 14.952.163 LOC (80%)
  • 18.585.933 LOC
  • no
  • yes
    With every booking (also when you pay with fiat) tokens are stored in a smart contract between the time of booking and the time of checkout, reducing the circulating supply for this time period and thus putting upwards pressure on the price.
  • Business-to-Consumer (B2C)
  • Q1 2019
  • When you pay with LOC you will save another 2.5%
  • Q2 2019
  • 1% lifetime affiliate commission
  • 35.101.443 AVA (57%)
  • 61.571.086 AVA
  • yes
  • no
  • no
  • Business-to-Consumer (B2C)
  • 2019
  • $20 for every invited friend that completes a booking.
  • 2.250.000.000 TRIO (45%)
  • 5.000.000.000 TRIO
  • no clear info
  • no clear info
  • Business-to-Consumer (B2C)
  • 2019
  • unknown

Due to low ranking on coinmarketcap or no normal/big exchanges the following projects are not included in the comparison:
Travelblock, XcelToken, Bee token and Travelflex.

 

Winding Tree vs Locktrip

The projects Winding Tree and locktrip look similair based on the decentralized database. Both projects are aiming for a decentralized database Travel ecosystem but the strategy to achieve it is different per project. Locktrip will develop a decentralized database & marketplace with add ons and will connect hotels directly with customers.

Winding Tree is focused on infrastructure improvement to the travel industry and we are not creating our technology with the idea of being a marketplace. A simple explanation would be to say its like one but its not technically the same thing as one. If you think of the internet as a travel industry then Winding Tree is a browser that you look for different kinds of travel supply on. Not an actual consumer-facing OTA or even truly a marketplace of any kind really.

More info about this project can be found on www.windingtree.com

 

Locktrip (LOC) utility – Booking value locked up in smart contract calculation tools

With every booking (also when you pay with fiat) tokens are stored in a smart contract between the time of booking and the time of checkout, reducing the circulating supply for this time period and thus putting upwards pressure on the price. This will create a daily buy volume which can be calculated in the following form.

The form is filled with default parameters. Change the parameters to see your own results/calculations.

Calculate daily volume

  • {Bookings per day:1} * ( {Number of nights:3} * {Average price per night:4} )
  • ( {Bookings per day:1} * ( {Number of nights:3} * {Average price per night:4} ) ) / {Current BTC price:7}

The form is filled with default parameters. Change the parameters to see your own results/calculations.

Calculate daily locked up LOC in smart contract

  • {Bookings per day:1} * ( {Average price per night:4} * {Number of nights:8} ) * ( {Number of nights:8} + {The time between a booking is made and the stay begins:9} )
  • ({Bookings per day:1} * ( {Average price per night:4} * {Number of nights:8} ) * ( {Number of nights:8} + {The time between a booking is made and the stay begins:9} ) / {Current BTC price:7} )

source: https://medium.com/@hristotenchev/why-and-how-loc-token-lockchain-co-could-increase-in-value-7071c2ea6ddb