Hey everyone, I've been doing some research on an undervalued project for about a month now and I'd like to present to you what I found. The project is called Lockchain.
Lockchain is disrupting the $500B accommodation industry through its marketplace which utilises the blockchain to provide a service where users pay no commissions. This marketplace, which is the first of its kind, allows users to book hotel or AirBnB style accommodation at a discount of around 20%, while service providers can list and profit from their properties and pay no fees or commission on profits to middlemen. This is one of those rare projects which has a working product that can be used right now, with thousands of private properties and hotels currently listed in their market place. Now comes the most incredible feature of this project; next month, 100,000 hotels will be integrated and available for booking in the marketplace, allowing travellers around the world to book accomodation for a fraction of the cost. The ambitious team have an aggressive roadmap this year, which includes the beta version of the marketplace and a mobile app.
TOKEN VALUE
The LOC token has been designed to carry intrinsic value which will grow exponentially. The ICO had a small target of $5m, which just shows that the team were not greedy like many of the ICOs you see today. Most of the participants were small-time retail buyers, meaning the distribution of tokens is amongst a greater number of people, making the token stable and less prone to major dumps. As mentioned, the LOC token carries intrinsic value in the Lockchain ecosystem as all transactions on the marketplace, whether they be with FIAT, ETH, BTC or LOC, utilise the LOC token which is derived directly from a cryptocurrency exchange. For example, product users can interact using FIAT currency, however a LOC token is always used (as the FIAT is converted to LOC) even if the user doesn't realise. This, and the fact that LOC tokens are taken out of supply for the duration from booking to check out, means a lot of demand is placed on the tokens in cryptocurrency exchanges, which will drive the price up. The team are eager to increase the value of the token on exchanges as their success is directly proportional to the increase in token value, which is good news for those looking to invest in this token.
TEAM
I was really impressed with the team and their dedication to this project. It consists of many individuals with decades of experience and is even advised by a former president of an EU nation. The interaction with the community is next level, with the CEO regularly in the telegram answering questions and providing support. This shows that they care about investors and the success of their project immensely. They are also very active on Medium and social media.
PRICE
With a market cap of around $17m and 9.29 million tokens in circulation, this is insanely undervalued in my opinion.
I believe that this project, in a $.5 trillion industry, with a working product and amazing team, has so much room to grow. Whether you are an investor looking for some serious growth potential or a traveler who is planning their next holiday, there is something for everyone and it's only a matter of time before widespread adoption flows into the Lockchain marketplace. I would love to hear what everyone thinks about this, thank you!
This is just my opinion, do you own research.