LockTrip.com is a blockchain-based travel marketplace that allows users to save up to 60% on their bookings by cutting out middlemen and their commissions. Users can choose from various payment methods, including credit card, popular cryptocurrencies, and the native LOC token, to bypass payment fees. LockTrip's mission is to make travel more accessible by bringing down prices for the average user.

LockTrip offers a selection of over 2.1 million hotels and properties. By partnering with the strongest brands in the travel industry and utilizing a unique reverse-auctioning model, LockTrip ensures that customers are presented with the lowest possible prices.

With over 1,000 airlines to choose from globally, LockTrip is well-connected and provides a one-stop shop solution for booking hotels, homes, and flights.

The LOC token is at the center of LockTrip's business model. Each booking made on the marketplace results in 3% of the booking value being used to buy LOC from exchanges and burn them. This deflationary model ensures that the LOC supply shrinks with each booking, making it unique compared to other tokens and coins.

LockTrip's LOC token is powered by the Hydra chain, which combines the best features of Bitcoin, Ethereum, and Qtum chains while introducing additional economic features to its ecosystem. The burning process is fully automated and transparently verifiable on the blockchain.