Their ICO Ended Nov 30th, and the average price of their LOC token was around $0.5. My price prediction is for $5 within a 6 months range. Depending on the number of properties they add to their marketplace, this can increase up to $20 or more because of the limited token supply. This one is a keeper guys.
Today we talk about the LOC token. I have to be honest – I haven’t been so excited about a token in a while. Let’s find out why…
The people over at LOC are looking to disrupt the $550b online travelling industry by creating a no-middleman ecosystem which allows you to travel for 20% cheaper everywhere. Turns out that when you are booking a hotel or an apartment through a service like Airbnb more than 20% of your money is wasted on useless middlemen. For example when you spend $100 on a hotel room $3 goes to the credit card company, $15-20 goes to the booking website, $1 goes to the calendar software and finally the rest goes to book your actual room. I don’t know about you, but if I could avoid paying %20+ for no reason I would do it. LOC makes this possible.
As you know (if you follow my blog) I tend to invest only in projects which fit my 6 Rules for Investing In Tokens after the Bubble. If you haven’t read that topic you should read it now as it’s fundamental to everything we are discussing here.
The question therefore is: Is there currently a project which fits all of the fundamental 7 rules for investing during the ICO bubble?
Yes there is. After studying more than 40 projects, I can say that the best pick at the moment is called “LockChain.co” (their site – https://lockchain.co ). They fit all of the value criteria above and seem like a project that can make it in that 1% success stories in the short and long term. I am in no way affiliated with them nor I get any benefit from posting their site here. I am however openly interested in the project, no point in hiding it.
They have already provided a proof of concept marketplace where you can book among 600+ test properties worldwide with the LOC tokens they sold on their ICO (you can actually buy their LOC token and spend it immediately to e.g. book a property in London)
Lockchain is the first project that enters the $500 Blillion industry of Online Travel Agencies, dominated by established middlemen like Booking.com and Airbnb.com. Property owners are forced to use their platforms, paying 10-25% and even up to 50% commission on their revenue. Lockchain is here to completely remove this commission and add this value to the customers because they will be providing the same service at 0% commission.
This creates an immediate application of the token and beats 99% of the projects out there.
The company just completed its ICO and has sold approximately $6 Million USD worth of LOC tokens to a vast community of travel lovers and end users. They are not hype driven and have a 100% organic community.
Their total token supply is extremely limited – a total of 18.5 Million LOC, and there will be no emmissions in the future. For comparison, Bitcoin has a cap of 21 Million.
Considering current market conditions, I believe that LockChain can reach a significant growth over the next 6 months.
The fact is that it is one of the few projects that are providing a demand driven service that can have an actual impact. The success of their сrowdfunding is already a fact, there are no regulatory issues with the token, the founders are very successful and talented, and the service is extremely disruptive. The size is just about right and most importantly they have a very healthy portfolio of buyers with an average amount of approximately 2.5 Ethers per buyer.
Final Verdict: I strongly recommend to look into their project as it really stands out from all the hype driven trash that we see every day.
Their ICO Ended Nov 30th, and the average price of their LOC token was around $0.5. My price prediction is for $5 within a 6 months range. Depending on the number of properties they add to their marketplace, this can increase up to $20 or more because of the limited token supply. This one is a keeper guys.
The great news is they have been listed on HitBTC Exchange since 15th December and the price is still very reasonable. This is actually the best way to buy, because you have the chance of getting the LOC tokens at almost the same price for which others have waited 2 months for the ICO to end and you can pay in BTC, ETH or USDT. It’s now or never guys.
The official project site is https://lockchain.co