LockTrip, the first blockchain based travel accommodation booking ecosystem, announced its first Airdrop of $500,000 which is now live. The Airdrop process allows cryptocurrency companies to distribute their tokens among the users completely free of cost but based on actions the users have to perform. LockTrip’s popular distribution will be made on first come first serve basis. The process of earning Airdrop share is straightforward and wouldn’t take more than 5 minutes of your time.
Why is LockTrip Announcing Airdrop?
While LockTrip’s main objective is to incentivize existing and potential customers to use the blockchain based booking service, there are other objectives that can be achieved with an Airdrop as well, including:
Rewarding Loyal Customers – Every once in a while, blockchain-based platforms want to offer something back to their backers and customers. Airdrops can be utilized as a method for remunerating faithful backers and users with free cryptocurrency tokens. This fills in as a motivation that is extremely necessary for blockchain platforms to continue to grow. This kind of airdrop can be seen as voucher and rebate giveaways of conventional companies in the standard business world.
Creating More Awareness – Airdrops are one of the most effective ways of marketing in the cryptocurrency world. Platforms can use a wide range of ad campaigns as educational and awareness tools to talk about their cryptocurrency while also giving them a financial motive to sign up for the service. It can give blockchain platforms the quick boost propelling their business toward growth.
How Does LOC Compare to Other Cryptocurrencies?
While Bitcoin and Ethereum are established players in the crypto world, it’s not an unknown fact that they come with their limitations. Bitcoin is mostly being used as an investment asset while Ethereum has largely been limited to raising funds for ICOs. In contrast, LockTrip’s coin LOC offers much more benefits including:
Greater Stability – Since LockTrip’s coin is backed by a real-world application, it’s not a primary token for short-term traders who bring high volatility to crypto assets. This means that LOC is more likely to hold stable in longer runs.
Real World Application – Being designed as a token to pay for travel accommodation, LOC isn’t something you have to absolutely hold on to like you have to do with other cryptocurrencies. You can simply choose to travel around the world using LOC as your primary currency while saving anywhere between 20-30% on travel accommodation costs.
Viable Currency – While other cryptocurrencies struggle to replace the conventional currencies because of slow processing time, LOC has already seen real-world usage as a currency by thousands of travelers.
Can LOC Be Seen As an Investment Opportunity?
Any cryptocurrency that has a real-world application and that doesn’t depend on the financial market manipulation to stay alive has high long term prospects in terms of investment. LOC token is currently valued at $0.94 which is already 30% higher than token’s value in April.
LockTrip is a growing booking platform which has already established a stable footing in the market with more than 40,000 travellers relying on the platform. Moreover, LockTrip is also seeing immense YoY growth and has the ability to threaten big players in the traveling industry like Airbnb and Bookings.com. That means LOC token is going nowhere but up.
Check their live marketplace featuring over 100,000 hotels here.
Images courtesy of LockTrip