LockChain is the first decentralized marketplace for hotels and vacation rentals with 0% commissions for both - clients and hotels. This generates a cut of up to 25% in end prices because current online trave agents (OTAs) charge a 20-25 % commission from the property owners. The team believes that by creating a new supply in the accommodation industry and providing a high value service with no middlemen, clients will immediately see the benefits of using LockChain.co and will be able to book for hotels in LOC as well as in standard payment means. In addition to the decentralized LOC engine, we will launch the first application which will be the LockChain.co marketplace. It will have a lot of added value features which will provide a user friendly service that would be extremely competitive and as a result would penetrate a $500 Billion industry.
25% Team (Founders, Team, Advisors, Bounty, Early Backers)
750 LOC = 1 ETH