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
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.
@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.