[A decentralised crypto marketplace, owned by the community]

Let me first state; I’m a sucker for exchange tokens, but not your typical, substandard token burn or [insert % off] discount exchange token. The type I seek to HODL, are the revenue share exchange tokens. These type of investments already have a functioning target market, are well positioned in a industry set for mass growth, all-the-while give investors a passive income for investing in the project.

The two biggest token holdings in my current portfolio are Coss (COSS) and Kucoin (KCS). While scouting potential ICO’s today, i found another potential revenue share exchange token to add to my collection, introducing the LocalCoinSwap ICO.

LocalCoinSwap — The Only Exchange Which Distributes 100% Of Profits Back To Token Holders

[https://www.localcoinswap.com/]

Brief Overview Of LocalCoinSwap

LocalCoinSwap is a platform enabling the peer to peer trade of crypto assets, in a decentralized and safe manner. The platform aims to iron out the complexities in trading cryptocurrencies which (at this early stage) is a barrier to entry for the non-technical savy investor. One of the key niches LocalCoinSwap hopes to solve, is the inherent trust issues of P2P trading by developing a secure escrow between traders.

LocalCoinSwap is the world’s most inclusive cryptocurrency exchange marketplace, a decentralized platform that supports more cryptocurrencies than any other peer-to-peer exchanges, and more payment methods than any other cryptocurrency exchange.

[LocalCoinSwap: Decentralised P2P Cryptocurrency Exchange]

Market Dynamics Of A Revolution

Its no secret blockchain is a revolutionary form of technology, solving many of the problems we face today from the centralized monopolistic structures formed in this era of corpocratic rule. The idea of decentralizing markets to give the crowd a stake and say in governance mechanics is a game changer to society. The 99% want reforms for better environmental and economic practices, decentralization will give them this, with a say in more sustainable and ethical business practices. Distributed ledger technology is revolutionizing every industry imaginable, and the current market of peer to peer asset trade, will be no different.

Cryptocurrencies and other digital assets are revolutionising the financial ecosystem. In 2017 alone the market capitalizations of all digital currencies grew by 3171% to 700 billion ($700,000,000,000) USD (source: coinmarketcap.com)

[Blockchain Technolgy — The Non-Violent Revolution]

Growing Pains

The cryptocurrency market (although currently stagnant [from traditional finance market manipulation — but i digress]) has gone through cycles of massive growth in the last year. As a result of this mass influx, the current (and mostly centralized) exchange platforms suffered from system overloads, with many exchanges closing door to new signups (December/January 17/18), as their systems were unable to cope from the increased volume in cryptocurrency trade.

The current reign in centralized crypto exchanges are a mishmash of complex systems, bad communication, overpriced fees and worst of all, unethical business practices (wont mention any names…. H**BTC) including insider trading, front running, and deceptive pricing.

Another faction of growing pains in the blockchain industry is evident in its barrier to entry. Its quite a complex process to grasp the setup and exchange of crypto assets for any newbie in the scene. As a result lots of new eyes end up losing their tokens by divulging private keys to bad actors and burning assets via erroneous transactions.

The rise of cryptocurrencies has created huge economic and investment opportunities. However, many people remain on the sidelines due to lack of patience or tech-savviness, inefficient and lengthy subscription processes, and security concerns. Opening up trading accounts on exchanges can be an especially difficult task for users. Many exchanges restrict the registration of new accounts or require users to expose themselves to identity fraud and theft by submitting pictures of their passports and personal documents online.

[Competition to buy crypto was stiff as rig-ormortis set its hands on fiat]

LocalCoinSwap Solution

As the cryptocurrency cycles of growth and correction gradually draws in more and more interest from the news of every new high (along with every ‘bitcoin died’) media post. Greater demand will be made on blockchain projects, to offer more than simple speculative utility. LocalCoinSwap will be ahead of the pack having already created a fair economic system to its backers, offering token holder a 100% share of its profits. The LocalCoinSwap token itself (LCS) will also be a tokenized form of ownership shared among holders.

LocalCoinSwap will enable users to directly trade P2P any cryptocurrency using any multiple payment methods from any location, all without the deficiency of centralized intermediaries.

LocalCoinSwap Platform

The LocalCoinSwap platform is already well into development, having began back in August 2017. The platform is a merger of the best features from existing crypto exchanges with a host of LCS dev additions. The LCS dev team have put a great deal of effort into streamlining the user experience with a simpler and safer UI.

One of the key priorities with the platform, has been a focus on security with extra attention being pinpointed on the detection and mitigation of malicious intrusions. Even before development began, the team researched previous critical failures from existing exchange hacks, in a effort to build preventive solutions.

LocalCoinSwap plans on implementing a large array of cryptocurrencies and digital assets on launch. This will draw in more users who will seek a one-stop-solution not yet seen in the crypto trading sector.

The platform will open in stages due to development budget, opening with the widest possible selection of coins and continuously integrating more. When there is uncertainty as to whether certain crypto assets should be implemented, or the order in which cryptocurrencies should be implemented, a vote amongst Cryptoshare holders will take place.

[The world’s most inclusive cryptocurrency marketplace]

Revenue Share Model

The most exciting part of the LocalCoinSwap offering is in its economic model for financial backers. 100% of profits (after paying admin, maintenance, and security costs) will be distributed to holders of the native token (LCS) Cryptoshares. The payment currency will be as diverse as the multitude of currencies being traded on the exchange. What adds to this exciting fee structure, is LCS plans on airdropping listing fees to holders in their newly listed token (currently unheard of even with the current revenue share exchange offerings).

Cryptocurrency profits are paid to shareholders in the same cryptocurrencies in which they are made, allowing the investor to receive a regular stream of portfolio income. By holding a single Cryptoshare asset, the investor is entitled to a wide variety of cryptocurrency profits across the entire spectrum of the digital economy.

[Shut Up And Take My Money Already!]

(LCS) Cryptoshares Token Metrics

Token Ticker: LCS [ERC-20]
Price per LCS 0.0004 ETH ( 1 ETH = 2500 LCS )
LCS total supply: 100,000,000
Available through token sale: 70,000,000
Token freeze: 20,000,000
Token burn: Yes — All unsold
Payment currencies: ETH, BTC, USDT, BCH, XRP, Major Fiats
Soft cap: 500,000 USD
Absolute hard cap: 20,000,000 USD (remaining tokens destroyed)
Bonus structure: Community based
Transparency: Open source (public Github)

Financial Expenditure Plan

The LocalCoinSwap team will be dedicating a lions share (30%/30%) of funding to advance wallet and server security along with a dedicated investigation team for screening new coin listings. 20% will be used to further scale the platform for handling greater volume loads. 15% for business dev and marketing, with the remaining 5% for general admin.

Roadmap

The LocalCoinSwap project is already motoring well into the development phase, started Aug ’17. The team have locked in their ICO for April 15th ’18 with the main exchange launch hitting August.

LocalCoinSwap Team

LocalCoinSwap was originally founded in 2015 by a team of qualified cryptocurrency experts and enthusiasts frustrated with the ease of transacting cryptocurrency assets. The team draws together a wealth of experience diverging from a wide range of fields, from traditional economics through to computer science, along with commerce and marketing. LocalCoinSwap operates under a corporate entity in Hong Kong (incorporated in 2015). In its origin, LCS operated as a private hedge fund owned by two of the staff members before development on the exchange began. The team are located all around the world and from all walks of life, including Hong Kong, Australia, Canada & New Zealand. A quick read of the whitepaper and you will know, this team is in the know with the current economic manipulation, this for me is a must when looking at a team viability to handle any economic sagas that could (and most probably will) irrupt fiat into a hyperinflatory period.

Unfortunately the growth of the cryptocurrency economy has been fraught with friction from the banking system. Hostile regulatory environments and conservative institutions have closed the accounts of traders and exchanges en-masse, spread contention in the media, and forced the implementation of onerous verification procedures which have transgressed the privacy of the community

In Conclusion

While not investment advice, i am extremely bullish on the LocalCoinSwap offering, a solid passive income (from diversified payments) is my long term crypto goal. Dipping into the LCS ICO could help me get to that goal a lot quicker.

ICO Date:
15th April

Website:
https://www.localcoinswap.com

Whitepaper:
https://www.localcoinswap.com/LocalCoinSwap_whitepaper_v1.0.pdf

-CryotoBlockBits Signing Out-

As always use this information as a guidepost for further research. Never take anyone’s advice on investments (not even financial advisers). Delve into the project via their social media profiles, search the project on bitcointalk.org, duckduckgo.com and reddit.com and only put money in that you can afford to lose. Cryptocurrency is risky — Fiat is a dead man walking. -Stock Photos Copyright Me — Will be using Copytrack so no thieving!-