LockTrip (LOC)

The concept of this coin is straightforward and seeks to enable a shared economy model around a native (LOC) token that utilizes smart contracts for bookings in order to switch to a “0% commission on retail bookings” model and to protect all involved parties from the multiple traveler/host transactional risk scenarios. In contrast, sites such as Booking.com, Agoda.com and AirBNB.com have commissions that range from 15% to 30%, depending on the type of property, which in the end inflates the retail cost for the travelers.