Review on LockTrip by Robiul Islam
The First Hotel Booking & Vacation Rental Marketplace.
It is a product with lots of potential. I simply love the utility of it, and how blockchain technology gives a inexpensive option for consumers. There are abundant of crypto and blockchain projects that want to change the travel industry. Only some actually have a performing product, and LOC is one of them. It’s a very cool tool if you want to book a hotel room somewhere in the world. Particularly considering that LockTrip provides a serious discount against booking platforms like Hotels dot com, Booking dot com and Trivago.
Property owners will receive their rent money using the tokens in a clear, safe, trustless and commission less way. They will be
able to transfer their existing property listings with a single click, add new ones
using a user friendly panel, manage all listings and improve sales with in depth
data dashboards and analytics by LockTrip.
Updated 5 years ago
Rating changed from 5 to 4
They have released wallet version 17.3 and concluded Testnet 1 slightly ahead of schedule. The reason for this was that they have identified the source of error that was causing multiple forks across the network.
They released two features for platform:
Lightning fast hotel page and checkout experience — Hotel detail page now loads up to 80% faster than before, so are all other pages throughout the checkout process.
Room level mapping in backend — They’ve integrated the first layer of room level mapping. This results in a greater set of combination of rooms as available options to choose from (up to 100 combinations for a hotel of bigger size).
Pros
- Strong Team and the only Project Backed by a President of a Country.
- Solid Token Economy with strict utility use case.
- Provides a financial benefit for consumers, which generally is the best benefit we can get.
- Pure Utility Token with Direct Application on High Value Travel Booking Service.
- Dedicated Customer support to ensure you have an enjoyable experience.
- Live product with real world value - travel cheaper around the world.
- A cross-platform end-user application, allowing easy booking of hotels and private properties.
- Very Low Total Supply 18.6 Million LOC.
- Instant Purchase from Smart Contract Through your Personal Wallet.
Cons
- Not a popular currencies marketing is poor.
- Unpredictable transaction fees. An imbalance in economic distribution.
- The requirement for network users to hold the underlying blockchain currency to pay transaction fees.
