Senin, 20 November 2017

ICO Review - LockChain

ICO Review - LockChain

 (Hotel Reservation & Vacation Rental Marketplace)

* Important *: Simple ICO review. Investments should be made by individuals. 
(It is a beginner's review. It is good to refer to foreign famous YouTube review.)

ICO Project Evaluation Criteria

Project Idea: project description, project objectives, the relevant market / sector 
Feature & Tech: advantages compared to project major technical or other project 
WebSite & Document: whether the website or paper is well explained, Web site UI, etc.? 
Team & Advisor: Team Scale, team member's expertise, CEO's career, consultant, etc. 
RoadMap: Is the roadmap specific? Is it realistic? 
ICO: Token Sale Process and Schedule, Soft / Hard Cap, Token Initial Price, etc.

Project Idea

- The online travel industry is currently estimated at about $ 500 billion. In particular, the growth of Aitbnb has proven that the online travel industry has grown in size. But the problem with these online booking companies is that the fees range from 15% to 30%. Currently, Trip Advisor, Booking.com, and aribnb are making huge sums of money through agency revenue (fees charged to hotel / default owners), seller revenue (transaction costs), and advertising revenue.
- Lockchain solutions can lower these costs even further. Smart contracts cover all transactions and do not charge any fees. There is a small amount for fixed subscription fees and other additional features, but it is much cheaper than before. This means that there is no fee to be charged each time you book your accommodation, so real estate owners can get more. By using the block chain technology, the service is offered at about 20% lower price.
- LOC tokens can be used on the Lockchain platform, and you can still use an existing currency (fiat) since the password is not yet popularized.

Feature & Tech

- Revenue model: Monetize with monthly fixed subscription fee and premium model service.
- Transaction process
1. The customer will book the hotel with the EUR card in the marketplace. 
2. The transaction will be a smart contract and the booking information will be delivered.

- Prototype ( https://lockchain.co/marketplace/ )

WebSite & Document

- WebSite: It consists of project introduction, token sale, FAQ, prototype, blog and so on. Overall,
- Document: Project introduction, solution structure, etc. are all necessary. There is a lot of market analysis.

Team & Advisor

- Team: It consists of 11 people.
- CEO, Nikola Alexandrov: Co-founder of Bitcoin7 (Password Exchange) and founder of SEO.com. SEO.com won the Forbes E-Volution award. In addition, I have developed a service called BookingSpot for about four years.
- Advisor: It consists of 7 people. COO of the Aeternity (Block Chain Project), European Parliament Member, Managing Director of Comcordis, and President of Bulgaria (really .. @. @).
- Partnership: We are currently partnering with FantasticStay. It is a holiday rental hosting company that manages about 10,000 buildings.

RoadMap

- April 2017: Start development 
- September 2017: Test launch 
- October 29, 2017: Crowd sale 
- 2018 Q1: Global booking starts

ICO

- ICO schedule: October 29, 2017 to December 1, 2017 
Price: 1 ETH = 750 LOC 
- Platform: ERC20 
- Total sales quantity: 25,000,000 LOC 
- Soft / HardCap: 20,000 ETH / 32,000 ETH 
- Token allocation: ICO - 50% / Teams and Advisors - 25% / Reservation - 25%

Conclusion & Comment

Project Idea: The reservation fee is 0%. There is a monthly fixed cost.
Feature & Tech: I have a prototype.
WebSite & Document: Both websites and white papers are fine. We have everything we need.
Team & Advisor: We have an experienced CEO and are consulted by the President of Bulgaria. (Is it really ...?)
RoadMap: We have a rough schedule.
ICO: Hard cap is adequate. Nowadays, it's usually 100,000.
Comment: The statement that the fee is 0% is impressive. I have a prototype, a white paper, a good team description, but the president is advising me ... is it real?
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