LockTrip (LOC) is a blockchain-based travel marketplace that intends to reduce costs for users by eliminating intermediary commissions. It provides a wide range of payment options, including credit cards, various cryptocurrencies, and its native LOC token. With a vast network of partners in the travel industry, LockTrip provides access to a large inventory of hotels and properties worldwide. It also provides a selection of over 1,000 airlines, making it a solution for travel bookings. The LOC token, powered by the Hydra chain, is integral to LockTrip's business model. Each booking on the platform results in a portion of the booking value being used to acquire and subsequently burn LOC tokens, a process that can be transparently verified on the blockchain. This is intended to create a deflationary model, as the supply of LOC tokens decreases with each booking.

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