COs raised USD 1.32 billion in Q3 2017, and the year’s not through yet. One upcoming deal that plans not only to add to that tally but also shake up the blockchain a bit is the LockChain ICO. Bulgaria-based LockChain is a decentralized technology built on the Ethereum blockchain for hotel booking and a vacation marketplace that’s a cross between Airbnb and Ripple. This one inserts the type of innovation into the blockchain that industry leaders say has been lacking, and that’s why it’s being named the best upcoming ICO.
What Ripple does for the global remittances industry, LockChain does for travel. LockChain slashes costs for property owners and vacationers alike by cutting out third-party providers who typically collect hefty commissions in travel transactions. As a result, vacationers booking via LockChain receive a savings of as much as 25%, which is the average cut that goes to service providers. There’s more.
LockChain has a ledger dubbed the decentralized LOC ledger that is open source and can be accessed by the public via a marketplace. The marketplace is where property owners can list their rentals and collect rent via LOC tokens. Thousands of properties are scheduled to be integrated onto the ledger by year-end 2017.
The technology threatens to disrupt travel agencies, payments companies and the online marketplaces that match users with accommodations.
Participants in the LockChain ecosystem can pay for the services with fiat currency, bitcoin or Ethereum at a commision of between 1% to 3%. Given that there’s a LOC token, however, there are more ways to save. Those buyers who pay for services in the LockChain ecosystem with the LOC token that can be obtained in the upcoming public sale pay zero commission costs. That’s another reason why this is the best upcoming ICO.
If you’re thinking that LockChain is a bold name given its resemblance to blockchain and that this upcoming ICO sounds a bit more sophisticated than the average deal, you’re not mistaken. According to the startup’s white paper, LockChain is run by Nikola Alexandrov and Hristo Tenchev, both of whom are co-founders of one of the early cryptocurrency exchanges Bitcoin7. The best upcoming ICO LockChain gets under way on Oct. 29. The ICO pre-sale is unfolding now.
