A Small Note From LockTrip — About the Market Situation
By: Locktrip.Com, Loc Token, Official Blog
Tags: Blockchain, Locktrip, Market, Bitcoin, Ethereum

There is no doubt, that currently the industry is going through hard times; and so are stakeholders. That’s why we want to share a few notes regarding the market and its effect on LockTrip.

Since the market boomed around New Year, it slowed down gradually and significantly. While Btc is down 60% from its all time high, Eth lost more than 70% from its high times. Many tokens are worth next to nothing.

However, we still have to keep in mind that the industry grew within a short period of time from a bunch of ideas and a market cap of $ Millions to a BIG ecosystem with vibrant development and a market cap of $ Billions.

Thus we believe, that this maturing process is necessary for a healthy development of the industry.

During times like these, the crypto industry is in a process of cleaning itself from the projects and most importantly the people, who weren’t truly determined to deliver on their promises and/or who made promises that weren’t deliverable in the first place.

It will also clean itself from traders and investors who have little to no understanding of the market dynamics.

Not to mention projects that weren’t able to effectively manage their finances or their business operations due to lack of experience.

At this point, we want to emphasize, that LockTrip is financially secured for a period of at least 3 years without the necessity to liquidate any of its current Eth funds due to our forward thinking and smart finance management.

Furthermore, it is very important to note that the concept of utility tokens has been validated. The first generation of utility tokens being ones bound to the economies of exchanges (BNB, HT, KCS etc) have consistently outperformed the markets during both bearish and bullish states of the markets, despite the fact that they technically classify as “altcoins”.

This will create a paradigm shift in the industry where previous “centralized is bad” will switch to “smart centralized with real economy is good”.

The reasoning is, that these projects have managed to build actual economies bound to those utility tokens through proper utilization of talent, skills and resources.

The second generation of utility tokens will be ones which are bound to economies that fall outside of the crypto world (like LockTrip).

We at Locktrip, are determined to go for the end game. And things have never looked this bright.

The business development of the project together with the engineering are performing better than we wished for.

Some of the upcoming short term goals are:

- Kucoin listing → Update expected this week from KuCoin

- Credit card payments for bookings → Sheduled for the end of August

- Significant enhancement of our hotel inventory (yes more hotels and better prices are coming sooner than you think) → Announcement coming soon

- Airline tickets → More info will be shared once development reached a certain stage

We want to thank our amazing community and investors for being so rational during these tough market moments.

This shows how our community is indeed the biggest asset of this project.

LockTrip is the first marketplace with 0% commission where you can save on average 20% on your hotel and rental bookings compared to anywhere else. Learn how to buy LOC tokens to enable access to our marketplace and its lower prices here!