I guess most Steemit readers and writers are interested in cryptocurrencies in one way or another. And, that is why it is so great to see a cryptocurrency project on the radar that actually has something to give for the future and with a real-life use case.
I have just tested the Locktrip platform (again), and I have compared prices of hotels booked on Locktrip with the prices at Booking.com. And guess what, there is a major difference, meaning that you can easily save 10-20% on every single booking you make in the future.
Save money as you book your next trip - Pixabay
I recommend that you take a look at the full test which I published in the IP Address Guide. There you can see price comparisons for eight hotels and also learn more about the Locktrip platform. I am really excited about this, because it will for sure help cryptocurrencies go mainstream, and this is a product everyone will like, as we all want to save money when we book a hotel online!
If you want to just see a short video showing the differences, take a look at the following YouTube video!
Want to give it a try? You can visit the Locktrip website to check the prices, do your own comparison tests, and then book a hotel room using the platform that is the cheapest (which I believe will end up being Locktrip).
How can Locktrip be so cheap?
Their platform is based on the LOC cryptocurrency, and all bookings are placed in smart contracts. Locktrip is a no-commission platform, meaning that they do not take any commision on the bookings you make on the platform, something that can be done because of the brilliance of the blockchain technology. They will earn their money by selling packages to hotels and companies selling their products at their website, and they will also "make money" as the token is used and the price will increase due to the increased demand.
Sounds interesting, will look into this.
Real world applications of open blockchains are badly needed to show everyone that they can work and are not only for scammers or criminals.
But , the very last sentence had my warning radar blink. It is not necessarily bad, but just warning. Why?
I am sceptical by default of any project or service that can only be profitable or viable if the underlying token goes up in value. It may not be the case here but the sentence caught my eye.
Such business models are flawed by design for the simple reason, markets go up, and down.
Any business model that falls apart on the way down does a huge disservice to blockchain tech in general.
Thought I would add my 2 cents worth.
Thanks for the post and keep up the good content. You got an upvote from me
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p.s. Just went on and the interface looks nice. Works well so far.
have not done any price comparisons but one quick observation is the LOC token.
Its not that easy to get your hands on it.
Seems HitBTC or Kucoin are your best bets for buying LOC tokens, and you first have to have ETH or BTC.
Most liquidity is on HitBTC, but even that is rather low. So it could be that your 10% off is only an illusion. By the time you get your LOC tokens it could be quite a different story.
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@mastercore Really glad to see that you have digged deep into this! As far as I know, the price is set in Dollar, meaning that it is only the amount of LOC needed to pay that will change, not the actual Dollar price! Does that make sense? And when it comes to the value of the token, Locktrip will also make money in other ways, but of course, an increased value in the token will of course be good for the company. You can read more about it in this old Medium article (https://medium.com/@hristotenchev/why-and-how-loc-token-lockchain-co-could-increase-in-value-7071c2ea6ddb) and there you can also see how an increased use of the token (which will come with volume on the platform) is forced to make the price rise.
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Sounds pretty promising! I do know that cryptocurrency will be dominant in the future, and because of the smart contracts, I'm sure people will be most likely to go for that route. Thank you for recommending this new website.
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How to get a referral key?
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