Local Coin Swap is a democratic project that wants break cryptocurrency monopoly of giant exchanges and that aims to be accepted by all local law restrictions, basing its working on a peer-to-peer exchange. Local Coin Swap is totally owned by the community and therefore distributes the 100% of fees in dividends to token holders.
PLATFORM
Using platform every trader can purchase directly cryptocurrencies without any verification. The platform is trustless because, while the transactions are P2P, LocalCoinSwap assure parties working like an escrow. Indeed, the cryptocurrency is released once the payment arrives. Therefore, LocalCoinSwap platform validates instantly every transaction.
Obviously, there are already hundreds of cryptocurrency exchanges available today. What makes LocalCoinSwap different from its competitors?
LocalCoinSwap emphasizes low cost for traders. Users will facilitate peer-to-peer transactions, which means you do not have to pay a fee to an intermediary.
LocalCoinSwap also claims to support more crypto methods and payment methods than any other existing peer-to-peer exchanges:
"This is typical for other exchanges that only support one currency or a bunch of the most popular currencies LocalCoinSwap will include crypto offers and the most extensive method of payment, with the developer team after it launches whose primary goal is the adoption of a new currency. "
LocalCoinSwap also plans to launch special support for ICO and other new token projects. ICO makers can launch their projects on the platform, for example.
Overall, LocalCoinSwap sees itself as a "true" P2P trading, where users can swap assets they have for the assets they want. They can pay a low cost when sharing revenue generated by the platform.
What problem is searched by localCoincom to solve?
LocalCoinSwap is a decentralized crypto exchange that aims to solve most of the problems we associate with centrally decentralized crypto, including all of the following:
- Centralized exchanges often restrict new user registrations, or require users to divulge intimate identity information prior to trading
- Centralized exchange is subject to unclear rules based on the country in which they operate
- Existing decentralized crypto exchange is highly fragmented and inclusive
- Included decentralized exchange is problematic for those who has a less popular fiat or crypto currency
- Many users are forced to exchange their lesser known cryptocurrencies into better known crypto (like BTC or ETH) before finally purchasing the crypto they actually want to buy.
- In addition, today's exchange does not allow users to share the benefits generated by the LocalCoinSwap platform aims to address all these issues. How does LCS Cryptoshares work?LocalCoinSwap will have a token sale for LCS Cryptoshares. In essence, LocalCoinSwap is a tokenizing platform, then sells tokens via ICO. The whitepaper does not try to hide the fact that you are buying a common stock.
The LocalCoinSwap LCS Token Sale
The sale of the LCS token will start with pre-sale on March 15, 2018. The sale has a soft cover of $ 500,000 USD and a hard hat of $ 20 million.
There will be a total supply of 100 million LCS Cryptoshares, with 70 million available through a combination of pre-ICO, pre-sales, and ICO. The remaining tokens are allocated to public business funds, whose use is chosen by the investor (10%), the development team, frozen by a 1 year (10%) smart contract, a reward (5%), and a Program reward for users to enhance platform security ( 5%).
The proof will be sold at the price of 1 ETH = 2500 LCS.
LocalCoinSwap LCS feature
The LocalCoinSwap platform emphasizes all of the following features. Overall, developers have built platforms with three basic principles: they want the platform to be safe, easy, and fun.
Some Coins Offered:
The ICO participation system is very interesting. Indeed, participating in presale (in March — hard cap of 10 million $), investors will receive 40% of discount. Furthermore, who participate in ICO (in April) will receive a discount in tokens to receive of 5% every 5 million $ collected until the hard cap of 20 million $.
For further information visit:
Website : https://www.localcoinswap.com/
Whitepaper link: https://www.localcoinswap.com/LocalCoinSwap_whitepaper_v1.0.pdf
Reddit page (subreddit): https://www.reddit.com/r/Localcoinswap/
Twitter official profile: https://twitter.com/Localcoinswap_
Facebook official page: https://www.facebook.com/localcoinswap/
Linkedin official profile: https://www.linkedin.com/company/11448963/
Telegram official chat room link: https://t.me/localcoinswap
Medium official page: https://medium.com/localcoinswap
BitcoinTalk announcement link: https://bitcointalk.org/index.php?topic=2916403.msg30006105#msg30006105
BitcoinTalk bounty announcement link: https://bitcointalk.org/index.php?topic=3009721.0
Instagram: https://www.instagram.com/localcoinswap/
Youtube channel link: https://www.youtube.com/channel/UCfUR13Y6dzv84EPG9uY1BUA
Email: team@localcoinswap.com
Author: hardcandy13
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