Hey everyone. Today I will be continuing on two of my previous posts. Click here to read and learn more LocalBitcoins Demands KYC Verification and LocalCoinSwap ICO is it worth Investing?. This post is how to buy Cryptoshares (LCS), AKA LocalCoinSwap, which is currently in its ICO phase. This is very simple to do. Lets get to it...
Currently, LCS can be purchased using 17 different cryptocurrencies. They will also be adding NEO which will make it 18 cryptos that can be used to participate in this ICO. However, in order to receive your LCS, you will first need an ERC20 compatible wallet. The two recommended wallets are MyEtherWallet (MEW) and MetaMask. Here are the steps:
First you must follow the MEW or MetaMask instructions and set up a wallet and save a copy of your private key. This is a good time to set up your wallet using a Ledger Nano S for added security. Remember to NEVER give anyone your Private Key information. Next you need to find your Public ETH Wallet Address. In MEW this can be found via the "View Wallet Info" tab and in MetaMask select the option "Copy Address to Clipboard."
Now you are going to need to create an account on LocalCoinSwaps website https://ico.localcoinswap.com/r/GVL3923 Once you agree to the Terms of Service, you can then create a unique username and password. Then you can add your ERC20 Public Address from your MEW or MetaMask wallet. Each time you log onto your LocalCoinSwap account, it will have a personalized payment address for each cryptocurrency listed. All you have to do is send funds to the address listed, and then you will receive LCS tokens automatically to your ERC20 wallet. It's that easy.
Here is a listing of the current forms of payment that can be sent to receive LCS Tokens:
Ethereum
Ethereum Classic
Bitcoin
Bitcoin Cash
Litecoin
Dash
Tether
Monero
Ripple
Decision Token
Golem
Tronix
PowerLedger
EOS
Walton
Binance
VeChain
NEO (To be added soon)
As Cryptoshares are ERC20 compatible, they can be viewed in mainstream wallet software like other digital assets using the LocalCoinSwap contract address.
MetaMask
- Select “Add token” in the “Token” menu.
- Add the Cryptoshare contract details and then select “Add”.
Address: 0xAA19961b6B858D9F18a115f25aa1D98ABc1fdBA8
Decimal Places: 18
Token Symbol: LCS - You can now view the balance of Cryptoshares in your wallet.
MyEtherWallet
- In the “View Wallet Tab” select “Add Custom Token” down the right hand side.
- Add the Cryptoshare contract details and then select “Save”.
Address: 0xAA19961b6B858D9F18a115f25aa1D98ABc1fdBA8
Decimal Places: 18
Token Symbol: LCS - You can now view the balance of Cryptoshares in your wallet.
There are also bonuses for early investors in the ICO Stage 1 Phase. The hardcap goal of LCS is 70,000,000 tokens. For each $5 million sold, there will be a 5% bonus up to $20,000,000 USD sold. This means four 5% bonuses for a total of 20% received after the ICO Stage 1 ends. Stage 1 ICO will run until June 15th, 2018. Currently LCS is getting close to hitting that 1st 5% bonus payout, so now may be a good time to get in if you considering investing. Here is a link with up to date info on ICO sale progress.
https://www.localcoinswap.com/index.html
There is also a bonus reward of 5% for referrals. If you use this link https://ico.localcoinswap.com/r/GVL3923 then you will receive a 5% bonus of the total amount of LCS that you purchase, and I will get a small bonus for referring you. It is a "Win-Win" if you ask me. So take a look at LocalCoinSwap and let me know what you think. I think that it will replace LocalBitcoin especially now that LocalBitcoin is cracking down on KYC laws. LocalCoinSwap has a perfect advantage to capitalize on this and I think that they will do well, therefore I am personally participating in this ICO. Good luck to you all and let me know what you think...