What is Lockchain?

Lockchain (LOC)

Lockchain (LOC) is a marketplace where property owners and hotels can rent their property. The marketplace is blockchain powered. Lockchain offers all-in-one payment platforms and property management solutions. The goal of the platform is to make easy for property owners to rent their places worldwide. It works similar to Airbnb. Property owners and hoteliers can rent and manage bookings without having to pay any commissions to any middlemen.

Lockchain benefits and features

There are plenty of advantages for the people who use the  Lockchain platform. Plenty of hotels and accommodation booking websites out there. Some of them are built on the blockchain technology. What are the features of the Lockchain platform that separates it from other platforms?

Decentralized booking engine:

The platform consists of a decentralized marketplace that will be integrated with the ledger and a decentralized booking engine.

Security and liquidity:

Lockchain’s website describes how they use the blockchain technology to provide its users with the perfect environment for instant, safe, non-disputable, affordable and secure transmission of the information.

Seamless integration with property owners:

Lockchain allows hoteliers and property owners to add hotel rooms and short-term rentals to the decentralized LOC ledger with a one-click interface. Owners can do a CSV import rentable property or import existing listing.

No commissions on revenue:

Lockchain doesn’t charge commissions. Property owners don’t need to pay any fees everytime some books their accommodation. Instead, Lockchain will have fixed a subscription fee that ranges from $29 to $99 per month for property owners. The amount depends on the size and numbers of properties.

20% lower hotel prices: Because of the advanced capabilities, hoteliers and short-term rental owners can integrate their rooms into the Lockchain marketplace for 20% lower prices without affecting their profits.

LOC token

Lockchain pre-sale started in September 2017. A total supply of 10 million EUR was raised.  The token price is fixed at 1 ETH = 1,000 LOC. There was a maximum of 50 million tokens during the pre-sale, which automatically ended on October 29, 2017.

Who is behind Lockchain?

The project is led by founder and CEO Nikola Alexandrov Chief Advisor Rosen Plevneliev, Founder and COO Hristo Tenchev and Tech Advisor Svetlin Nakov. Alexandrov is also the founder of Bitcoin7 which is among the first bitcoin exchanges. Hristo, on the other hand, is also the co-founder of Bitcoin7 and the founder of XS Software which is one of the most successful gaming companies in Europe.

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